5. Increases Compliance
Since global business enterprises must meet international invoicing mandates, it makes perfect sense to prioritize this task. Good e-invoicing solutions will help your SaaS business meet regulatory compliance requirements in multiple countries and jurisdictions with the headaches you’re likely incurring now. Considered legal documents, in some countries, invoices are required to contain specific information as well as use a particular format.
Even better, because e-invoices allow for superior tracking, albania telemarketing it’s a more transparent process, making tax and compliance audits remarkably less stressful. An electronic system makes fraud, duplication, oversight, and human error less likely. With these factors that typically cause problems with auditors, your SaaS compliance process will be much simpler and without worry, With digital invoices, you’ll have a centralized archive that stakeholders can access at any time, which will also contribute to everyone’s peace of mind in this area of your business.
6. Reduces Safety and Security Risks
E-invoices are designed to be more secure than paper equivalents. They’re usually sent through private networks or protocols like AS2, FTPS, web services, VANs, etc. Mails are encrypted to ensure a safe exchange, and data is protected against document loss or third-party intrusions. Additionally, money traces are easier to monitor due to the recording of payments and the use of electronic payments.
AP software usually allows users to keep a list of verified suppliers for their businesses. Since the e-invoicing software checks against your business’ approved list before invoices can be issued, you have an additional benefit to using this process. On top of that, e-invoices use digital technology, which gives them unique security seals or certificates which makes forgery and fraud more difficult and less likely.
