- Executives often assume ERP systems can handle e-invoicing mandates with minor adjustments, but this leads to challenges.
- ERPs manage company data but are not designed for tax or as network endpoints, causing issues in e-invoicing compliance.
- Challenges include data quality, system complexity, and manual processes, requiring a reconsideration of system architecture and data strategy.
- A strategic roadmap for compliance involves adopting the right architecture, starting with assessments, maintaining data parity, and prioritizing and planning.
- Organizations should view compliance as interconnected with business processes and technology, not just an IT problem.
Source: sovos.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.
