The invoice is the most important document in a VAT/GST driven economy, compliance has been the most important consideration when migrating paper-based to electronic invoices.
Compliance is achieved using a mix of following elements offered as a connect once service:
Semantic interoperability ensures that the precise format and meaning of exchanged data and information is preserved and understood throughout exchanges between parties. Business data is mapped to re-usable syntaxes such as UBL or national syntaxes such as FatturaPA in Italy.
Message exchange or e-delivery
Integrity and non-repudiation is ensured when exchanging documents in a closed network or by sealing documents when using public infrastructure. Integration with government clearance hubs is offered.
An archive should maintain this integrity and proof of exchange throughout the legal retention period as well as respect storage location regulations.
In Europe B2G e-invoicing has been mandated for public authorities. B2B mandates are the next evolution. Some countries build upon the e-invoicing framework, other opt for a clearance model with national syntax. We offer support for these mandates, directly or through our partner network.
VAT/GST reporting mandates
In some regions the authorities have implemented advanced reporting requirements, often referred to as SAF-T reporting. Scope of data is broader than just invoices and in some regions reporting and e-invoicing mandates are to be combined. We provide solutions through compliance partners or ERP vendors.