Long before tax authorities began mandating electronic invoicing, companies in the Nordic and Scandinavian countries were pioneers in this area- for the purpose of improving efficiency and adding business value. Latin America then saw the value in this software for to support the accurate collection of taxes due.

 

For the efficiency reasons that the northern European businesses conceived e-invoicing, those same efficiency improvements are available to all businesses today. Some of those include:

 

1. Interactions with tax authorities regarding standard inquiries and audits are minimised

2. E-invoicing generates baseline data for trend analysis of financial transactions

3. Accurate and timely financial data is key to mitigating risk

4. Take a strategic approach to your end-to-end transaction process to achieve maximum benefit 

 

Launching your e-invoicing strategy might seem daunting and complex at first. Yet, if you read the blog, ‘How an e-invoicing platform can help businesses with tax automation’, you’ll understand how the pain can be automated away to deliver a host of benefits.