How to ensure that an invoice sent to a customer is paid on time? The solution is simple – the invoice needs to reach the place where the customer manages their money. Bigbank has been added to the list of Finbite’s sales invoice bank channels. This means that companies can now send e-invoices directly to the internet bank of Bigbank’s customers.
What does sending an invoice directly to the bank mean?
Sending an e-invoice to a bank means that the invoice moves digitally from the issuer’s system straight into the buyer’s online bank, where it appears as a pre-filled payment form. The customer can see the invoice in their bank account and pay it with a single click. The process can also be fully automated by setting up an e-invoice standing order (provided that the payment limit and account balance allow for it).
For the buyer, it is incredibly simple! If you have a Bigbank account, you can notify the companies whose services you use – such as your mobile operator, apartment association, or utility provider – that you wish to receive invoices directly in your internet bank. After that, the invoices will reach your bank account automatically, without you having to look for PDFs in your email and manually enter amounts and reference numbers. Receiving e-invoices into a Bigbank account is free of charge, and payments for the invoices are made according to the service provider’s price list.
For a company wishing to send e-invoices to its customers’ banks, a single contract with Finbite as the e-invoice operator is sufficient. Finbite integrates with the company’s accounting or ERP software, through which the invoices can be directed straight to the buyer’s internet bank. The seller does not need to sign separate agreements with each individual bank.
Why is sending e-invoices to the bank beneficial for the seller?
An invoice sent to the bank reaches the customer faster and is more likely to be paid on time, as the customer does not have to search for a PDF, manually transfer information, or enter reference numbers. For the seller, this means a more stable cash flow, fewer payment delays, and cleaner accounting. Since all information moves digitally between systems, the risk of human error is minimal.
The partnership between Bigbank and Finbite helps popularise e-invoicing
Finbite is an e-invoice operator, acting as an intermediary between the sender and the receiver, used by thousands of companies across the Baltics to send e-invoices. The addition of Bigbank to Finbite’s selection of banking channels means that sales invoices can now be digitally and conveniently forwarded to all Estonian banks. Bigbank’s customers can enjoy convenient and secure e-invoicing, making their daily invoice management simpler and more efficient.
Do your company’s customers want to receive e-invoices in Bigbank? Book a free consultation and let’s find the best solution together.
