The global e-invoicing landscape is undergoing a fundamental shift brought about by the introduction of government mandates across the globe. The introduction of government mandated e-invoicing regulations presents significant challenges for businesses. These regulations, aimed at increasing tax compliance and improving efficiency in financial reporting, require organizations to adopt new systems and workflows for invoice generation, submission, receipt and storage.
The challenge for businesses
Companies operating across multiple jurisdictions face additional complexity, as regulatory requirements vary by country, necessitating customized solutions to address diverse formats, standards, and timelines. Businesses must navigate these challenges while ensuring their operations remain efficient, cost-effective, and aligned with local and international regulatory standards.
Our e-invoice strategy
As an answer to the challenges and customer expectations we have updated our invoice strategy.
Beyond regulatory consistency, SAP Business Network aims to streamline business-to-business collaboration, transforming how our customers work with trading partners and tax authorities across the globe using SAP and partner apps.
We invite you to consult the detailed document on our strategy.
For updates on features and country specific regulations you can also head to
Is your business ready?
More information will be shared shortly for organizations operating in particular countries and/or as suppliers on SAP Business Network. In the meantime, you can already prepare for the upcoming e-invoicing mandates by going through this handy checklist.
Stay tuned!
