Untangle e-invoicing & digital reporting with this practical structure

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.

Source Fonoa

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