What the Podcast covers:
PEPPOL, ISDOC, XML, Factor X, UBL, EHF, ZUGFeRD — if you get the impression that global e-Invoicing standards are speaking another language, you’re right. Unfortunately, for companies doing global business, especially in the EU, there’s no choice but to ensure compliance with the alphabet soup of regulatory requirements.
In this Corcentric Conversation, e-Invoicing in the Age of Global Compliance, David Austin, Senior Product Manager at Corcentric explains — in plain language — to Kelly Barner of Art of Procurement what companies need to know to get their e-Invoicing compliant. These regulations are already having to be met by companies doing business with governments, but they’re now expanding to include B2B and B2C transactions as well.
On the upside, the shift from paper-based and manual invoicing to e-Invoicing means that companies will be able to ensure invoicing integrity and authenticity, avoiding rapidly expanding invoicing scams, and achieve much more invoice process efficiency. While some benefits may be more long term than others, the time to prepare is right now.
The discussion covers:
- What areas and what timeline for e-Invoicing compliance is expected
- How to meet the changing domestic and cross-border requirements
- The equivalent invoicing and tax situation in the United States
- What companies need to be thinking about, and preparing for, right now
