- E-invoicing and digital reporting (DRR) can be complex and confusing.
- There are seven stages to consider: scope, onboarding, data collection, data formatting, transmission & storage, technical responses, and authenticity & integrity.
- Many specialists intentionally make this area inaccessible to others. International businesses need to upskill their staff to understand this landscape.
- A mental model consisting of these seven stages can simplify the learning curve and help with implementation and compliance.
- Scoping involves understanding the extent of e-invoicing and DRR requirements, including transaction types and threshold limits.
- Onboarding focuses on the registration/certification process.
- Data collection is crucial for compliance.
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