Navigating the Digital Frontier: Exploring the Impact and Evolution of Electronic Billing and Invoice Systems in Modern Accounting Practices

Abstract

This study has the objective of investigating the multifaceted impact of the electronic billing and invocing systems on accuracy, efficiency, and decision-making within mostly European economic environments. To achieve this, a thorough review of specialized literature from various areas of study and case studies was used, providing a review on how electronic billing and invoice systems are changing the digital environment of accounting practice by combining ideas from various areas of study. Our research shows that there are positive opinions on the impact that the Electronic Billing system has both at European level and globally. As shown, adopting this system is beneficial for many areas, such as economical, environmental and technological. CZU: 657.24:004; JEL: M41; DOI: https://doi.org/10.53486/issc2024.39