Challenges and Solutions in E-invoicing Consolidation for Tax Transformation

• E-invoicing regulations are impacting businesses’ operations
• E-invoicing consolidation is a major need and challenge
• Real-time submission of invoice data is required by regulations
• Businesses struggle with visibility on their own transactions
• Data consolidation is important for accuracy of tax-relevant data
• Key hurdles in e-invoicing consolidation include data silos, quality and consistency issues, volume and complexity of data, and legacy systems
• Common mistakes in consolidation include insufficient scoping and incomplete data mapping
• Centralizing e-invoicing through one provider can aid consolidation, but relying on a single global provider is often mistaken for complete consolidation.

Source: fonoa.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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