The Importance of E-Invoicing and the EU VAT Reform (ViDA)
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Real-time reporting and mandatory e-Invoicing
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Taxation of online platforms
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Simplified VAT registration
These new requirements are scheduled for implementation by 1st January 2028, following the European Standard for Electronic Invoices (CEN 16931). This change makes it essential for ERP manufacturers to adopt flexible and adaptable solutions, such as IRISXtract™, to stay compliant with evolving standards.
Why Choose IRISXtract for Your e-Invoicing Needs?
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Multi-format support
Process traditional and electronic invoices (paper, PDF, XML) in a single unified system.
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Regulatory compliance
Stay compliant with current and future e-invoice regulations, such as the EU’s ViDA reform.
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Error reduction
Automated validation processes reduce manual errors, ensuring accurate invoice data entry.
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Seamless ERP integration
Effortless integration with ERP systems ensures minimal disruption and maximum productivity.
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Multilingual support
With over 137 languages supported, IRISXtract™ is ideal for global businesses.
Challenges for ERP Manufacturers and How IRISXtract™ Solves Them
SPAP and the E-Invoicing Add-On for IRISXtract™
One key aspect of our offering is the Solution Pack Accounts Payable (SPAP), which automates the processing of both traditional and electronic invoices.
While SPAP covers standard invoice processing, the e-invoicing module is provided as an Add-On, tailored specifically for businesses needing advanced capabilities for electronic invoices.
Flexibility and Support for Multiple Formats
IRISXtract™ is engineered to meet the unique challenges of e-Invoicing by offering broad support for a wide range of e-invoice formats across Europe and beyond.
As IRISXtract™ operates as an add-on for ERP systems, it seamlessly handles invoices in various formats, ensuring that all legal and regulatory requirements are met, regardless of the market.
Flexibility in Supporting New and Updated E-Invoice Formats
Supported e-invoice formats:
- Germany: ZUGFeRD and XRechnung.
- France: Factur-X
- Italy: FatturaPA
As regulations change frequently, IRISXtract™ is flexible and adaptable. It easily supports new and updated e-invoice formats.
Security and Compliance Features for E-Invoicing
As businesses handle sensitive financial data, IRISXtract™ ensures that all e-invoices are processed with maximum security and in compliance with GDPR and other local data protection regulations :
- Encrypted data transmission
- Role-based access control
- Audit trails and compliance.
Easy Integration and Comprehensive Support
A significant advantage of IRISXtract™ is its easy integration into existing ERP systems. By using standardized connectors (such as SharePoint and ERP-specific connectors), businesses can implement IRISXtract™ with minimal disruption to existing workflows.
In addition, IRISXtract™ offers full support services and training, ensuring that ERP teams can maximize the solution’s benefits for their customers.
