Complying with global e-invoicing regulations is one of the most complex processes companies and their trading partners face. When working with trading partners around the world, whether in Europe, Asia or Latin America, organizations need to adopt e-invoicing processes to reduce risk. Every country processes e-invoices differently, from applying different levels of Value Added Tax (VAT), to archiving invoices for a prescribed period, to applying digital signatures. This process is further complicated by some governments mandating the use of e-invoices to conduct business in their country.
OpenText™ Active Invoices with Compliance replaces e-invoicing software with a cloud-based, electronic invoicing compliance solution that provides both buying and selling organizations with technology and services to automate e-invoicing and compliance for more than 45 countries.