Esal, the e-invoicing system, is one of the national systems owned by the Saudi Central Bank (SAMA) since launching it in 2019. The system provides an integrated solution for business sector invoices in Saudi Arabia. Its platform serves as a link between suppliers and buyers, and covers the invoice workflow from its presentation to its payment and reconciliation services.
The platform provides many advantages to meet the needs of the business sector. These include processing multiple forms of invoices, reviewing a summary of beneficiary invoices, automatic reconciliation, and payment as a group, as well as reports on invoices and payments. It aims at raising the rate of digital financial transactions and reducing their costs and the time required to issue invoices, while increasing the efficiency of invoicing procedures, improving the financial management of companies, and raising the level of transparency in their operations.