Digital invoicing involves certain nuances, such as “self-billing.” What is it? It’s a system where a client creates the invoice you’re supposed to send them.
It sounds a bit odd, but it’s actually very practical and can be one of the most effective solutions in certain cases. Imagine you’re a service provider and your client asks you to track your time spent at their location using their time-tracking system. If only the time you spend providing services matters, there’s nothing easier than asking them to create your invoice themselves.
The previous example is actually quite rare, but here’s a much more telling example of “self-billing” that you’re very likely to encounter when using ERP management software: Imagine you’re installing solar panels on your company’s roof. Your electricity provider sells you energy but buys the energy you generate with your panels. This is even more true and even more complex if, for example, you make electric car charging stations available to the public.
In this case, you sell your energy to a third party who bills the end user. You’re certainly not an electricity sales professional; you don’t have time to take all the meter readings and manage all of this. Your utility provider does, via its digital energy meters. It’s the utility provider’s.
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