E-invoicing (Electronic Invoicing) is the exchange of the invoice document between a supplier and a buyer in an integrated electronic format. In the European Union, there are specific standards and regulations for e-invoicing, especially when dealing with public sector clients, as per the European Directive 2014/55/EU. Timely and accurate e-invoicing is not only crucial for business operations but also a legal requirement in many instances.
Accurate and compliant e-invoicing carries a multitude of benefits:
Legal Compliance: Avoid potential penalties and disruptions in your operations by ensuring your invoices comply with the EU standards.
Efficiency: E-invoicing significantly reduces manual input and the potential for errors, thereby increasing the efficiency of your billing process.
Environmentally Friendly: By moving to electronic invoicing, businesses can reduce their paper usage, helping to support sustainability goals.
Real-Time Updates: E-invoices can provide real-time updates, facilitating improved cash flow management.
At Digizoom, we provide comprehensive e-invoicing solutions that comply with EU standards. We have the expertise to navigate each EU country's unique e-invoicing requirements, providing a seamless, end-to-end solution to support your business.
Our services include:
Comprehensive Review: A thorough assessment of your existing invoicing processes to identify areas for improvement and potential compliance issues.
Invoice Generation and Validation: Assistance with invoice generation and validation to ensure all your e-invoices comply with EU regulations.
Submission Support: Support in submitting your e-invoices directly to clients or through government portals as required.
Continuous Monitoring and Updates: Regular monitoring and updates to your e-invoicing processes to reflect changes in regulations or business structure.
We offer ready-to-use solutions for Oracle EBS and Oracle Fusion Cloud ERP to make your e-invoicing process even smoother. Our solutions integrate seamlessly with your existing Oracle systems, making the transition to e-invoicing hassle-free while maximizing the benefits of your ERP system. Ready to transform your invoicing process? Contact Us to schedule a consultation.
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