An e-invoice is an invoice that has been issued, transmitted, and received digitally for automatic processing. Governments around the world are mandating that the use of e-invoicing in a structured data format for business activities. Sage Network and the application Sage Connect has you covered.
Sage are proud sponsors of the 2024 report, compiling insights from over 20,000 businesses across 50+ countries, highlighting major upcoming changes in global e-invoicing and tax compliance. Key takeaways:
Over 40 countries have already implemented E-Invoicing and digital reporting requirements, and many more have announced mandation plans or strongly encourage businesses to use e-invoicing. The most widely implemented e-invoicing model is the PEPPOL network model, an open network approach, originally developed to support EU government procurement. PEPPOL is already used in 39 countries and is predicted to connect over 1 million businesses within the next few years.
We're planning to support PEPPOL and other open network approaches. We're actively tracking the mandates and plans of many countries outside of the EU. We also work with technology partners who can offer additional network and reporting capabilities “out of the box” for jurisdictions not yet supported by us.
Find out more about how Sage Connect can enhance your accounting software.
Enable your customers to check account status, download invoices, and view account history so you can get paid faster, build stronger customer relationships, and free up time for value-added activities.
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