Community
Slap any number of digital signatures on an electronic invoice and still you cannot guarantee any integrity and authenticity. The legal harmonization debate in EU is unfortunately still wrongly focusing on this one document.
The answer is in the holistic business process - when the (any form of) invoice has arrived and VAT auditors understandably from time to time want to check that less and less fraud is taking place (which will happen with migration to the e-version) - the supporting elements like order, delivery and payment documents related to it need to be checked. As simple as that - as well documented in the Code of Practise adopted by the EC Expert Group on e-Invoicing.
Additional supplementary tools will be used by some enterprises to improve processes - but technology neutrality should be the base for the much needed pan-EU harmonization.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Galong Yao CGO at Bamboodt
08 July
Alex Kreger Founder and CEO at UXDA Financial UX Design
07 July
Anjna McGettrick Global Head of Strategy Implementations at Onnec
Nkahiseng Ralepeli VP of Product: Digital Assets at Absa Bank, CIB.
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