EFaktura
Encyclopedia
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
electronic billing
Electronic billing
Electronic billing is the electronic delivery of invoices and related information by a company to its customers. Electronic billing is referred to by a variety of terms,including the following:*Electronic bill payment...
system issued by Bankenes Betalingssentral
Bankenes Betalingssentral
Nets Group is the result of the merger in 2010 between PBS of Denmark and BBS and Teller of NorwayBankenes BetalingsSentral or BBS was a Norwegian company that provided centralised management of payment transactions, giro management and bank clearing....
(BBS). The system involves both business-to-customer (B2C) systems, branded as eFaktura, and business-to-business
Business-to-business
Business-to-business describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer...
(B2B) branded as eFaktura B2B. The system is built upon the bankgiro
Bankgiro
Bankgiro is a Norwegian giro system used by all banks in the country, managed by Bankenes Betalingssentral . The system allows indiscriminate transactions between private accounts in all Norwegian accounts using Norwegian krone...
system used for online banking
Online banking
Online banking allows customers to conduct financial transactions on a secure website operated by their retail or virtual bank, credit union or building society.-Features:...
.
Use of eFaktura require the customer to use an online banking system from a Norwegian bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
. Because all banks are connected to BBS, there is no discrimination between customers of different banks. Any company or organisation can sign an eFaktura agreement with their bank (though usually for a typically five-digit NOK
Norwegian krone
The krone is the currency of Norway and its dependent territories. The plural form is kroner . It is subdivided into 100 øre. The ISO 4217 code is NOK, although the common local abbreviation is kr. The name translates into English as "crown"...
startup fee) and send electronic bills to any client as long as they have a Norwegian online banking account. There is no requirement for the two to use the same bank. The ordinary eFaktura includes a specification of the bill, and the entire bill or invoice
Invoice
An invoice or bill is a commercial document issued by a seller to the buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer. An invoice indicates the buyer must pay the seller, according to the payment terms...
can be seen in the online banking system, and printed if so desired. eFaktura was launched in 2000.
For companies the eFaktura B2B has been developed. Companies using electronic billing need to be able to import the invoice directly into the accounting software
Accounting software
Accounting software is application software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, payroll, and trial balance. It functions as an accounting information system...
of the company. BBS offers services to send out paper bills to any company not able to receive electronic billing. eFaktura B2B was launched in 2006.