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The QR-invoice is a modern form of invoice in Switzerland that was introduced on June, 30 2020 to simplify and digitize payment transactions.
The QR-invoice is a modern form of invoice in Switzerland that was introduced on 30 June 2020 to simplify and digitize payment transactions. It replaces conventional payment slips and contains a QR code (Swiss QR Code) that contains all relevant payment information.
The central component of the QR-invoiceis the Swiss QR Code. This contains all the information required for the payment, such as IBAN, amount, currency, debtor and other optional information.
In addition to the QR code, the QR-invoice also contains all payment information in readable form so that it can be checked manually.
The QR-invoice offers the option of including additional information such as messages or specific instructions for the payee.
The Swiss QR Code, which contains all relevant payment information in digital form.
Details of the payee, including name and address.
Details of the debtor (optional), including name and address.
Amount, currency, IBAN of the creditor.
A reference number (e.g. ISR reference) to allocate the payment.
Space for messages or information intended for the payee.
By scanning the QR code, payment information can be automatically transferred to e-banking or a payment app, eliminating the need for manual entry and reducing errors.
The QR- invoice can be used both digitally and in paper form, which makes its use versatile and adaptable.
The QR invoice is compatible with existing payment systems and processes and meets the requirements of Swiss banks and the financial infrastructure.
Automated processes reduce the effort involved in manually entering and processing invoices.
This function in DocBits extracts the QR code from a document (e.g. a Swiss invoice) and uses the QR code to display the embedded information from the document. In this way, the information is automatically extracted from the document.
The introduction of the QR invoice in Switzerland represents a significant step towards digitalization and increased efficiency in payment transactions. It simplifies the invoicing process for companies and customers and minimizes sources of error through automated data capture.
