Discussions on e-invoicing in Germany are set to continue following the failure of the Bundesrat and Bundestag to agree on amendments to the Growth Opportunities Act in late 2023.
E-invoicing mandates
We simplify e-invoicing compliance. Wherever your business operates globally or locally, our platform ensures seamless compliance with all e-invoicing regulations.
Europe leads the way in e-invoicing, aiming to streamline financial transactions for businesses and governments and get a grip on VAT reporting. Various countries are launching their compliance initiatives to reduce reporting and enhance efficiency.
Why should you consider adopting e-invoicing?
Adopting e-invoicing offers numerous benefits for your business beyond meeting regulatory requirements. It cuts down on paperwork, speeds up the payment process, and reduces the likelihood of misplaced invoices. Additionally, it provides governments with better insight into financial activities, ultimately improving economic transparency.
E‑invoicing mandates: a global trend
E-invoicing mandates are becoming global, with more countries requiring electronic invoicing for transactions. These mandates differ by country and aim to enhance tax compliance and streamline financial processes.
Countries like Italy, Romania and Mexico have already implemented such mandates. To comply, organizations must ensure that their invoicing systems meet each country’s specific technical and legal standards, often involving certified software and secure data transmission methods.
E-invoicing compliance
Compliance with e-invoicing mandates is crucial for businesses in countries with specific requirements. Here is an overview of mandates in critical regions:
It’s important for your business to stay informed about upcoming mandate deadlines to avoid penalties.
E-invoicing aims to improve efficiency, compliance, cost savings, and transparency in financial transactions.
Get started with e-invoicing
Routty by Dynatos is a comprehensive e-invoicing platform for accounts payable and accounts receivable. It facilitates inbound and outbound e-invoicing, ensures compliance and validates the data for further processing.
Innovative software, impressive results
AI in Procurement: Community allows for reliable possibilities
'In the next 24-36 months, the repetitive, mundane work will be done by AI'.
How do we drive change, optimize spending and generate value? In doing so, how do we learn from each other and how do we celebrate success together?
Read more
Case
BIA Group
BIA Group stands at the forefront of the mining equipment supply industry, recognized for its firm commitment to excellence and innovation. In response to…
Read more