Companies have many reasons to use e-invoicing instead of paper documentation, such as regulatory compliance, quick response to changes in regulations, and less manual errors, not mentioning financial and processing benefits.

Moreover, governments are turning to electronic invoicing as a main component of tax digitalization. By requiring tax information to be digitally submitted to tax authorities in real time, governments can minimize tax evasion, manipulation and also reduce fraud.

Electronic invoicing is being used in over 60 countries now in both public and private sector.

Dynamics 365 Finance, Dynamics 365 Supply Chain Management, and Dynamics 365 Project Operations are extended by The Electronic Billing Add-in (Preview) to support organizations. The add-on streamlines adherence to the latest e-billing standards and provides a consistent experience in different countries.

The Electronic invoicing add-in consists of some non-standard solutions for regions and countries. With the flexibility to transform data and simplified configurable integrations, organizations can use the e-invoicing add-on to handle e-invoicing everywhere.

The preview of the electronic invoicing ad-on is available from October 2020.

Electronic invoicing brings together configurable formats for transformations and configurable integrations for connectivity. These capabilities unlock an array of benefits:

• E-invoicing combines customizable formats for changes and configurable integrations for connectivity. These capabilities offer a number of benefits:
• Quicker adjustment to geographical specifics.
• Standardization of implementation of e-billing solutions.
• Improved traceability of electronic invoice processing.
• Easier service to meet changing requirements and local practices.
• Simplified packaging of solution.

E-invoicing add-on features:

• Non-standard integration with Dynamics 365 Finance, Dynamics 365 Supply Chain Management, and Dynamics 365 Project Operations.
• Ease of customization and monitoring of the e-invoicing process for all regions.
• Configuring an Electronic Billing Service through Regulatory Configuration Services (RCS) - an upgraded version of the Electronic Report Builder as a separate service.
• Converting business data into multiple e-invoice formats (XML, JSON, TXT, CSV) based on RCS configurations.
• Sending of e-invoices to external web services, including certificate processing
• Managing web services responses, including custom handling of exception messages
• E-signatures support
• Batch processing of e-invoice documentation

Article publication source:

https://cloudblogs.microsoft.com/