SAP Solution: E-Invoicing

With the new invoice workflow for SAP S/4HANA Cloud, Public Edition on SAP BTP, xSuite Group opens up new areas of application in P2P workflow.

To deal with digital business models, tax authorities around the world are calling for greater transparency through disclosure and seamless sharing of taxpayer information between tax authorities.

In the age of digital transformation, processing incoming invoices manually means driving with the handbrake on. Companies can shift up a gear in the SAP incoming invoice process.

Anyone who still e-mails invoices as PDF attachments will soon be saying goodbye to them. The future belongs to e-invoicing, which will render PDFs redundant.

Companies tackling digital transformation projects will have to establish a hybrid integration platform eventually. Business Integration Suite has an edge over competitors regarding integration success and digitalization efficiency.

Background Engel & Völkers, one of the best-known service companies for the brokerage of real estate in the premium segment, processes around 1,200 invoices per month from several countries and various locations in a central Shared Service Center (SSC) in Hamburg. The invoices are posted in two ERP systems: While the larger sites use SAP R3, smaller sites use SAP Business One....

Not only EU regulations and national legislation, but also an increasing number of digitalization projects make e-invoicing indispensable around the globe. Avoiding e-invoicing is therefore not an option.

From now on, all administrative bodies in Europe must be able to receive structured e-invoices from their contractors, at least in the case of public contracts.

The trend of e-invoicing has been growing fast over the past couple of years. Companies can see this development in an increasing number of invoice formats and country-specific transmission regulations.

Tighter integration of on-premise and cloud applications, an automated supply chain, and global e-government require a sustainable One Digital Enterprise Integration Strategy.

Internationally active companies are increasingly turning to e-invoicing and electronic invoicing. Those who want to avoid penalty payment traps should know the compliance requirements of the respective country and master the technical complexity of implementation.

E-invoicing as part of a company-wide digitization strategy has gone from being an option to a necessity for many invoice recipients. Current EU requirements as well as national government initiatives are additionally driving e-invoicing usage for invoice receipt.