Electronic Bill of Exchange (eBoE) is a digital version of a Bill of Exchange, a financial instrument used for payments. It offers the same functionality as a paper Bill of Exchange but in a digital format, and includes electronic/digital signatures and secure transfer mechanisms while preserving the document’s negotiability and payment obligations.
Today, paper BoE are being gradually replaced by eBoEs. For example, Enigio’s trace:original maintains all the good things of the Bills of Exchange, while dropping all the disadvantages of physical paper.
How you can benefit from creating eBoEs with the trace:original solution:
- Accessible and interoperable. All you need is a computer and the internet. It talks to any existing software or system. Readable by man and machine.
- Safe and secure. It’s tamper proof and fraud safe, preventing sharing of business or personal data outside of document. It offers a full audit trail.
- Cost and time efficient. Minimal lead times and up to 90% cost reduction.
- Sustainable. Helps reduce carbon emissions, stimulates SMEs growth, and promotes infrastructure development.
If you want to lower your processing (courier) costs from €150 to €22, and lead times from 12 days to 0 days, then consider using Enigio’s trace:original to create eBoEs. Learn how here.