SAP e-invoicing Archives

What Is SAP e-invoicing?

SAP e-invoicing is a key SAP application that enables organizations to manage and automate their invoicing process. It provides several crucial capabilities, including creating and managing invoices electronically, tracking payments, and reconciling accounts. As a result, SAP e-invoicing can help organizations improve their invoicing process, increase transparency, and automate critical tasks. SAP e-invoicing is an essential solution for organizations looking to automate the invoice processing process and increase transparency in their financial operations.

What Is SAP e-invoicing?

Key capabilities include:

Automated invoice processing
Increased transparency
Ability to create and manage invoices electronically
Ability to receive and process invoices electronically.

Key Considerations for SAPinsiders

Growing regulatory complexity is driving e-invoicing adoption. Recent indirect tax mandates, including value-added tax (VAT) and sales and use tax, call for organizations to adopt e-invoicing processes to facilitate real-time payment of tax obligations. Functionality, such as standardization and auto-population of invoice details in SAP e-invoicing, can help organizations remain compliant with changing tax mandates.

Consider redesigning invoicing processes to leverage SAP e-invoicing fully. This may include changes to how invoices are created, approved, and paid. It is essential to understand these requirements before starting the implementation and avoid mistakes.

Prioritize interoperability with SAP e-invoicing. One of the main benefits and latest trends of SAP e-invoicing is its interoperability with other SAP applications. This means that organizations can easily integrate their invoicing process with other applications across SAP S/4HANA Finance and ensure a seamless invoicing process.

- SAP e-invoicing
US Mandates for E-Invoicing and Reporting Are Taking Cues from Latin American and European Tax Authorities

Reading time: 3 mins

Latin America is without a doubt the leader in business-to-government compliance requirements, and nations across the globe have taken note of how countries in this region have successfully cracked down on tax fraud. In 2015, the United States introduced two new fiscal requirements — public sector e-invoicing and country-by-country reporting — with themes that are…
- SAP e-invoicing
Mexico e-Invoicing: Insider Tips for Avoiding Tax Penalties in Procure to Pay

Reading time: 3 mins

Despite the unique issues triggered by Mexico’s transition to mandatory electronic invoicing and tax reporting, some companies continue to pay off of paper or PDF invoices. But these days, the only document that will withstand an audit is a signed XML. Paper carries no weight in Mexico. And, as discussed previously, the Mexico Tax Administration…
- SAP e-invoicing
Colombia to Start E-Invoicing Pilot April 2016

Reading time: 3 mins

The Colombia Direccion de Impuestos y Aduana Nacionales (DIAN) is in the process of rolling out electronic invoicing, starting with its pilot phase in April 2016. Over the past few months, decrees legalizing electronic invoicing and specifications defining its processes have been released. All of this will culminate in a large scale rollout, which we…