E-invoicing, also known as electronic invoicing, is the exchange of digital documents between suppliers and buyers in a structured data format. It enables automatic and electronic processing, leading to faster and more efficient invoicing. The topic of e-invoicing is currently a hot topic among tax professionals, with new requirements and mandates constantly emerging. SAP’s flagship e-invoicing product, Document and Reporting Compliance (DRC), is being promoted strongly. While DRC is a powerful tool with many advantages, it’s important to consider alternative third-party solutions that can integrate with SAP before making a decision.
Source Innovate Tax
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