How to use Sofacto ?

Create and send your invoices easily. Create your own invoice templates, send them to your customers, and keep tabs on your finances.

E-Invoicing will keep companies busy for a long time

The EU directive on e-invoicing has set the market in motion in recent years. In most European countries, only e-invoices are mandatory in B2G; however, there are increasing numbers of cases in which legislation is being extended to include B2B and B2C. Since electronic invoicing is primarily intended to close the national VAT gaps, progress can also be observed in the implementation of continuous transaction controls. Comprehensive e-invoicing could also be followed in the future by the electronic ordering process. 

Against this background, many progressive companies do not stop at meeting legal requirements, but use the introduction of e-invoicing to modernize their entire invoice lifecycle. Switching to subscription models is becoming increasingly important.

Combine the advantages of e-invoicing and subscription models

Strategic access to e-invoicing in combination with subscription services can achieve valuable synergy effects. The automation of the invoice process between “sender” and “recipient” significantly reduces the amount of work and increases the throughput of invoices with an error rate that approaches zero. This leads to faster payment and greater satisfaction among customers, partners and employees.

Subscription models, on the other hand, are an expression of a modern customer experience and convince with tough business advantages such as better sales planning and robust cash flow. The automated billing process can be further optimized with e-bills; there will probably be additional design options in the future.

Free e-invoicing guide for your subscripion business

Are you interested in using e-invoicing as a springboard for your subscription business? We have compiled the most important checklists, practical tips and best practices for you in a free guide.

How to use Sofacto ?

Create and send your invoices easily. Create your own invoice templates, send them to your customers, and keep tabs on your finances.

E-Invoicing in a country comparison

Electronic invoicing standardization in Europe has made great strides with the wide acceptance of the PEPPOL network . Above all, a technical infrastructure was made available that democratizes e-invoicing for all market participants. Nevertheless, the technical and regulatory environment remains highly fragmented. Accounting regulations, data protection regulations and technical exchange protocols are still regulated differently everywhere, despite the EU’s harmonization efforts. Multilingualism also complicates electronic payment processes in day-to-day business.

In our free e-invoicing guide, we have summarized the legal provisions for selected European countries for you. A short excerpt follows:

FRANCE

France is one of the firsts countries since 2020 to democratize e-invoicing and making it mandatory in both B2G and B2B. For B2G invoices, the supplier has to send it via a platform called Chorus Pro, on the contrary for B2B companies, the selected format to send e-invoices is through Factur-X. 

GERMANY

In Germany, the federal states are responsible for the implementation of the E-Invoicing Act. You are largely free to choose standards and platforms, even if an interface with PEPPOL is mandatory. (Tip: You can obtain detailed information on this from the Electronic Invoice Association ).

ITALY

Italy is among the first European countries to make e-invoicing mandatory in both B2G and B2B. All e-invoices are processed via the central FatturaPA platform .

POLAND

Poland surprises with its rapid progress in the nationwide digitization of invoice transactions. The introduction of e-invoicing in B2B has been postponed to 2023. However, the system for continuous transaction controls is already in the test phase at the same time.

The platform solution for your payment lifecycle

Before you familiarize yourself with country-specific e-invoices, which change regularly, we advise you to automate these process steps with e-invoicing providers. And if you want to get the most out of a legal obligation, then it is best to evaluate holistic solutions for your payment management right away.

Sofacto is an application conceived and developed in the Salesforce.com environment the world leader in cloud software for entreprises.
The reliability and power of its features allow you to generate automatically and without errors, collect your payments faster and analyze your performance indicators in real times.

Other articles :

Revenue Recognition: Success factor for your subscription business

How to use revenue recognition effectively for your subscription business
Generating revenue is essential for any business. But especially in the subscription business, revenue recognition is a big challenge and requires a clear strategy. What is it all about? And what makes the topic so important for subscription business models? Here is a brief overview:

Read More »