e-Invoicing and Secure Invoice Exchange

Introduction to Secure Invoice Exchange

Secure Invoice Exchange is a standardized data exchange system that enables real-time insights and improved data interpretation, ensuring seamless, secure, and efficient invoice transactions. It often incorporates cryptography to protect sensitive financial data and enhance transaction security.

Other benefits of the FIRS E-Invoicing System

Secure Invoice Exchange is one benefit of the FIRS E-Invoicing System.

Consider other benefits captured on the FIRS and FIRS E-Invoicing System page.

Inter-connectivity Between e-Invoicing and Secure Invoice Exchange

How It Works:

1. Invoice Generation and Encryption:
   Businesses generate e-invoices via their ERP systems. Each invoice is digitally signed and encrypted by FIRS to ensure compliance.
2. Secure Transmission:
   Access Point Providers (APPs) facilitate the secure transfer of encrypted invoices between trading partners and FIRS.
3. Cross-Border Exchange:
   For international trade, FIRS e-invoicing adheres to global standards, enabling seamless transactions across borders.
4. Decryption and Receipt:
   Buyers decrypt the invoice using their registered keys, review details, and process payments.