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

×