What does E in e-invoicing stand for?

e invoicing solution provider

Business Experts Gulf (BEG) is an e- invoicing solution provider as a Gold Partner of Microsoft. (BEG) has come up with solution that enables Dynamics 365 electronic invoicing (e-invoice) to strive and offer finance departments a far better service than the standard e-invoicing software.

E is for easy

Skip the printouts, the postal waits, the approvals, the scans, forwards, and the deliveries. These time-consuming manual procedures can be easily eliminated by using e-invoice.

In addition, this would result in fewer manual steps mean fewer errors and a much faster e-invoicing process. Hence, a faster, more accurate process means faster circulation of money. All of this adds up to getting paid the right amount, at a quicker pace.

Moreover, the adoption of e-invoicing has a number of advantages for firms. Businesses will benefit from this digital transformation opportunity since they will be able to:

  •  Swift and quick payments
  •  Cost savings
  •  Fewer rejected invoices
  •  Shorter processing and payment timelines
  •  Increased AP productivity
  •  Increased accuracy by focusing on quality tasks
  •  Improved cash management

E is for entrusting

Furthermore, while considering how easy and convenient this process is, laws should also be considered before jumping into new systems for the business. Fortunately, The UAE recognizes electronic and/or digital invoicing. The Federal Law No. 1 of 2006 on Electronic Commerce and Transactions regulates the use of electronic records, papers, and signatures in electronic transactions and commerce.

So, the legislation includes uniform rules, regulations, and standards for electronic communications authenticity and validity, including electronic invoicing and the use of electronic signatures.

E is for eco-friendly

Just this year, the Dubai Digital government decided to go paperless – saving time, resources, and the environment by eliminating more than 1 billion pieces of paper needed for government transactions each year. In addition, the government will no longer issue or request paper documents in any of its operations.

With this news in hand, e-invoicing has made tasks at hand more efficient and convenient while benefiting the environment with this initiative.

Moreover, this digital transformation considers the laws and regulations of the UAE.

In conclusion,, the shift to digital practices has made it the perfect time for your business to use the most efficient system and partner up with Dynamics 365 and Business Experts Gulf.

To know more about our E-invoice solution on Dynamics 365 Business Central, contact us at info@bemea.com. As an E-invoicing Solution Provider, we would be happy to be of assistance.

Sources:

https://u.ae/en/information-and-services/business/digital-invoicing
ZATCA Guide to E-Invoice

recurring sales invoice business central

The digital shift

E-invoicing, or Electronic Invoicing is a fully automated workflow from one company’s ERP system to another through an integrated accounting solution. It is a method of creating electronic invoices for the purpose of storing them virtually. The e-invoicing, processing invoices, credit notes, and debit notes in a structured electronic format between seller and consumer will then be simple.

Experience and convenience, stored in one cloud

Aside from a better experience and convenience for both customers and sellers, acquiring the e-invoice solution has a variety of advantages:
● Managing the invoices digitally full-on from day one, all in one cloud
● Easy access to real-time invoice and tax compliance, wherever located
● Seamless integration into any system, diminishing interferences or new interfaces
● Validated inbound and outbound invoices to ensure only the right transactions enter the ERP system
● Ability to access and analyze data to drive business growth through business and financial decisions
● Safe and secured data with fewer risks of scams and no fear of being sent to junk mail

Just because it’s digital, does not mean it’s an e-invoice

Despite recognizing a variety of e-invoice formats, not all digital invoices are e-invoices. See which formats do not make the cut:
● Invoices in PDF format, which are usually sent via email. Since PDF invoices are not sent in a structured format, they cannot be processed automatically.
● Paper invoices are not considered as e-invoices because they were not issued electronically, despite converting into a digital format.

E-invoicing in Saudi Arabia

The Zakat, Tax and Customs Authority (ZATCA) announced the introduction of an e-invoicing law from 4 December 2021. By introducing e-invoicing, organizations can both reduce costs and increase productivity at the same time. They are able to reduce time-consuming manual work and pay more attention to control, business strategy and increased collaboration with clients and suppliers.

What do I need to know?

● It will come into effect in two stages: generation from 4 December 2021, integration from 1 January 2023
● The law applies to all taxpayers subject to VAT (excluding taxpayers not residing in the Kingdom), in addition
to any party that issues a tax invoice on behalf of the taxpayer, who is subject to VAT.
● Issuing and keeping electronic invoices, debit and credit notes: an electronic invoice is generated and stored
in data structured files. Paper, unstructured data files, word, excel, PDF generated documents/ images or
scan copies of images are not considered e-invoices.

To know more about our E-invoice solution on Dynamics 365 Business Central, contact us at info@bemea.com

Organizations often find it difficult to manage and administer employee leave and absence programs in a competitive and compliant manner in the complicated world of human resources.

Suspending Leaves:

Employees on specific types of leave, such as long-term leave, must have their other leave suspended for the duration of that leave in some organizations. This scenario will be supported by Dynamics 365 Human Resources, which will allow HR professionals to define the start and end dates for the leave suspension and prorate the leave accrual based on those dates. This automates critical components of the leave suspension process and eliminates manual interference, resulting in more accurate results.

Meeting Company Policies: 

Each company has its own set of requirements for employee vacation time. They must be able to configure a leave and absence system to meet their business processes, whether it is driven by company policy or government rules.

Review who is and isn’t at work via calendars

Knowing who is and isn’t at work assists managers in deciding whether requests should be allowed or denied. It also gives HR insight on who is taking time off and when they are taking it. With a calendar view of time off, Dynamics 365 Human Resources will help not just managers and HR, but also employees. These calendars can be set up to display both pending and approved time off, as well as when a calendar is open for viewing.

eXperts People 365 a fully integrated Payroll solution on Microsoft Dynamics 365 which provides you a complete setup for People Management. The solution is available as per GCC Labor laws. To know more about our ISV of eXperts People 365 contact us at info@bemea.com

Customer service is at the heart of Dynamics 365. In the context of real estate, this translates to smarter, faster results for homeowners and tenants via a single centralized system. Multiple software programs aren’t required. You may increase revenue while building relationships more effectively. Business Experts Gulf adds to the platform’s capabilities by providing a variety of bespoke consulting services. See below on how Property Management Module can help you and your business:

For Accurate Real-Time Information: 

  • Maintain a database of names, addresses, phone numbers, email addresses, and other contact information in a database.
  • Compile information on the status of rent and bill payments.
  • Collect additional data to help with day-to-day property management workflows

Customer Communications:

  • Handle incoming and outgoing customer interactions, including emails, phone calls, appointments, and interaction histories.
  • Track the emotion of communications, including social media posts, using a simple Microsoft add-on. This swiftly discovers difficulties and resolves customer service issues.

Tickets:

  • Assign service tickets to the most experienced customer support employees.
  • Notify representatives of various service level agreements (SLAs) that tenants and landlords/property managers have in place.
  • Schedule resources to go on-site to tenants and fix problems.

Client Portals:

  • Contact details
  • Payment details
  • Billing histories
  • Support tickets

To know more about our Property Management solution on Dynamics 365- eXperts PM365, contact us at info@bemea.com or you can visit Microsoft AppSource at https://appsource.microsoft.com/en-us/product/web-apps/business_experts_gulf_2427878.beg_pm1?tab=Overview to know more.

Segments allow you to group related contacts into groups that may be targeted with customer journeys.

A market segment is a group of people you want to target with your customer journey. In some circumstances, you’ll go after all your contacts. In most circumstances, though, you’ll select your target audience based on demographic, firmographic, behavioral, and other factors.

Types of segments 

  • Dynamic segments

Their membership changes regularly to reflect new or removed contacts as well as updated contact information. Dynamic segments include both demographic and firmographic elements.

  • Static segments

They provide a static list of contacts that are selected individually rather than logically based on field values. Based on private knowledge or offline interactions, marketers and salespeople may develop and populate a static list.

Profiles, interactions, and other segments can be used to create blocks of queries.

The profile records in the marketing-insights service are queried by profile blocks. The marketing-insights service and your Dynamics 365 organizational database sync profile records. The entities you regularly work with within the Dynamics 365 UI, such as contacts, accounts, leads, and any other entities you choose to sync, are all included in profile records.

The marketing-insights service is synchronized with segments and can use its marketing-insights database to deliver advanced segment definitions and customer analytics works in tandem with Dynamics 365 Marketing. When the two systems work together, the integration results in powerful combined capability. Your contact records and marketing lists are kept in sync between the two systems, allowing the marketing-insights service to use its strong data processing and analytical tools to your contacts and combine them with data from other Dynamics 365 records.

The segment designer is used to construct segments. Querying across related entities like contacts, leads, accounts, events, marketing lists, and more is one technique to create segments. You can also use the marketing-insights tool to locate contacts who have expressed interest in your marketing efforts. You may also utilize the marketing-insights service to query contacts who aren’t responding to your emails due to difficulties like bounces.

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