Only the cost of paper invoice in Albania is ALL 8,4/invoice.

According to Billentis report 2015, electronic invoicing is reputed to save approximately €6.60/invoice.

Using Billy, a Nexia AL solution, savings can be even greater.

This huge cost saving is mainly due to the reduction in postage costs, paper consumption, manual handling of paper invoices and the cost of equipment used in the printing and posting process.

Billy enables electronic invoices, real time cashpaid invoices, and associated financial documents, to be stored securely online.

This provides easy access from remote locations – facilitating the work of your external accountants and auditors. Online storage also aids internal document searching, retrieval and performance analytics.

The biggest threat to business success is, often, wasted time. Billy creates better financial efficiency, through invoicing simplicity.

Automate repetitive manual processes, freeing up accounts receivable teams to focus on more profitable activities. Billy enables businesses to make more efficient use of employees’ time.

Billy can be used to achieve tax compliance through digital signatures and real-time electronic transmission and record keeping. The admin panel simplifies searching and analysing electronic invoice files, making auditing easier and lower-cost.

Albanian law no.87/2019 stipulates mandatory B2G e-invoicing requirements starting from 1-st January 2021 and non-cash B2B transactions starting from 1-st July 2021.

However, once a business starts e-invoices for B2G transactions is reasonable to result in adoption of even outside of B2G circles.

Collecting money fast is always a major competitive edge. e-invoicing enables faster payments, less hassle and less delinquency.

Billy customers enjoy faster payment of invoices, resulting in greater working capital and free cash flow; enabling business growth and increased financial stability.

Even in large and successful businesses, credit control can be one of the last areas to be modernised. Making this transformation of invoicing processes results in real-time visibility of invoicing status.

Improved visibility provides insight that can be acted on, to support credit controllers in reducing late-payments and disputes.