Tag: invoicing process
Despite all the buzz over catchwords like Industry 4.0, automation and digital transformation, when it comes to invoicing, we still live in a mainly analogue, non-electronic, non-automated world. Even today, at the close of 2019, the majority of invoices is sent in paper or unstructured formats. Formats that cannot (or hardly) be processed electronically. This has considerable consequences for companies, locking up resources, time and money. To gain a clearer picture on the real effects of e-invoicing, we conducted a scientific survey.
If you believe what you read in the headlines, we’ve already arrived in the brave new digital world. But when it comes to the subject of invoicing at least, the world is currently far less digital and “brave” than it could be. What’s the problem? What problems do companies face in the invoicing process? And how can these be solved?
These are precisely the questions we’re going to get to the bottom of here.
Does the e-business solution that supports your business-to-business transactions ensure that your e-invoices remain tax compliant, everywhere, always?
Change in tax legislation is constant
An e-business solution that must comply with multiple countries’ tax requirements has to address the problem of ongoing change. Otherwise, how can a business efficiently deal with the tsunami of new real-time and other regulatory control requirements that governments are introducing? Read more
Electronic invoicing is gaining ground. However, according to the 2017 edition of the Billentis Report, this environment will change fundamentally in the coming years, due mainly to regulatory requirements with an increasing trend towards tax clearance systems and new technologies. The good news: both lead to significant cost savings. Read more
Today, everybody is talking about Industry 4.0 and the digitalization of the supply chain – and yet the majority of invoices are still being sent in paper form or in unstructured formats that cannot easily be computerized.
Many companies wishing to implement an e-invoicing solution focus solely on the invoicing process instead of considering the process as a whole, from order to payment. Read more