Folkyn allows freelancers to delegate the issuance of their invoices, making the invoicing process simpler and fully automated.
During onboarding, freelancers can grant Folkyn an invoicing mandate, authorizing Folkyn to issue invoices in their name and on their behalf.
In practice, the process works as follows:
The freelancer accepts the invoicing mandate directly in Folkyn.
At the end of each period, they submit their timesheet, which is then approved by the client.
Once the timesheet has been approved, Folkyn has all the information required to automatically generate the corresponding invoice, with no additional input required from the freelancer.
The invoice is generated in the required electronic format and transmitted through an Accredited Platform (PA) to the client’s platform.
The invoice remains available in Folkyn for tracking and audit purposes.
This process makes the approved timesheet the starting point for invoicing: the amounts, billing period and assignment details are already available in Folkyn, reducing errors and removing the need for freelancers to create a separate invoice in another tool.
The freelancer remains the legal issuer of the invoice: Folkyn acts as an authorized agent, issuing the invoice in the freelancer’s name and on their behalf.