Clicky

E-invoicing in Europe

 
edi-solutions

Each country has its own unique set of rules and regulations and maintaining compliance is one of the key challenges for e-invoicing. While B2B efficiencies can be captured through Electronic Data Interchange, you need to adhere to government requirements in compliant e-invoicing in all countries you do business at. Regulations have different requirements and adhering to them is what it means to be compliant.

Appterra partners with Trustweaver, the leader in eInvoicing compliance in over 50 countries and thousands of companies. It allows enterprises and their solution providers to decouple guaranteed VAT compliance from daily business operations and processes. It ensures compliance regardless which laws apply or how they change over time.

Depending upon the location of a supplier or buyer, there are certain requirements.

These include:

  • EDI, digital signatures, government mandated systems and other means of guaranteeing invoice integrity and authenticity
  • VAT and commercial data fields
  • Long-term invoice archiving

There are differing regulations for electronic invoicing for every company that trades internationally. For instance, European Union countries have implemented e-invoicing regulations since 2001 and Latin American countries have mandated government-controlled systems in tax collection. If your company fails to meet various country-specific requirements, you could end up facing sanctions.

These sanctions can be in the form of repayments and fines. You should be aware that they can be severe. You could be repaying the entire deducted amount over a number of years. This could be very damaging to your business.

Although e-invoicing compliance can be complicated, it should not stop you from moving your paper invoices to electronic ones. The first step will save you money and the next will bring you closer to compliance. If half of your invoicing is done electronically within two years, you can consider it a success.

E-invoicing with Appterra

Appterra has been providing eInvoicing solutions to our customers for over a decade.   Appterra addresses these critical requirements for eInvoicing.

Appterra Provides:

  • EDI, digital signatures, government mandated systems and other means of guaranteeing invoice integrity and authenticity
  • VAT tax validation and commercial data fields
  • Long-term invoice archiving

Appterra’s servers are deployed on a market by market basis, meaning our applications can reside in the actual country or region to enhance compliance.

Contact Us for more details on how we can be your trusted eInvoice provider.

Charlie Alsmiller

Throughout his career, Charlie Alsmiller has focused on customer problems in difficult industries such as Energy and Telecommunications. Prior to starting Appterra in 2005, Alsmiller was VP of Global Operations for Allegro Development, a leading provider of software for the energy sector. He has also served as president of OmniSpace Technologies, a leading SaaS provider that he founded in 1999. He spent over 10 years in the consulting world with Price Waterhouse and Deloitte Consulting, where he participated in a wide variety of projects for very high profile clients. Mr. Alsmiller holds a BBA from Baylor University in Management and Information Systems and a MBA from the University of Dallas in International Business. Specialties: Technology ventures, Enterprise Software, Contract Negotiation, International Operations, Private Equity, Product Management, Strategic Alliances, Software Implementation, Software Development

Related articles

How to Improve Your Data Security in the Age of the Internet of Things

Data security is critical to businesses. It is hard to replace client information, bank account details, payment information, and personal…

supply-chain

Don’t Make These Silly Mistakes with Your Cloud Integration

In order to have successful cloud integration, you need to be smarter in your approach. You need to avoid these…

placeholder

AgGateway and the 8 Segments Supporting the Ag Industry

AgGateway is a group of organizations that aims to promote, enable and expand the agriculture industry. Realizing the role of…


no comments


Leave a comment

Your email address will not be published. Required fields are marked *