E-Invoicing for Kingdom of Saudi Arabia
SIMPLIFYING ELECTRONIC INVOICING WITH INNOVATION
Register now for freeE-Invoicing for Kingdom of Saudi Arabia
Following the publication by the Kingdom of Saudi Arabia (KSA) General Authority of Zakat and Tax (GAZT) for users of e-invoicing, the latest regulations have been introduced in two phases for KSA.
Following the first phase (enforceable December 4th, 2021), the taxpayers need to align their electronic invoice issuance with the strategy for today! With invoices revolving around a compliant electronic solution, there will also be additional fields, depending on the type of the transaction. The diversity in invoicing operations requires modern e-invoicing solutions to match with the unprecedented pace.
Key Offerings of KSAs E-Invoicing Solution
The e-invoicing solution brings forward many unique and enhanced offerings that include:
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Statutory E-Invoicing
RegulationsE-Invoicing solution extensively adheres to all the statutory e-invoicing regulations laid out by the authorities.
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Professional
SupportExhaustive and simplified support on any integration, along with all the comprehensive information about all recent updates or amendments implemented by the authorities.
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Ready to
ImplementThe solution is fully customized and ready to use and seamlessly integrated with any billing system based on ERPs.
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Seamless
IntegrationE-Invoicing solution can also be integrated with many other solutions that are based on taxation.
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Automated
CancelationThe solution enables users to generate and cancel the IRN automatically.
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Interactive
UIThe e-invoicing solution features a similar interactive interface making it very easy and simple to adopt.
How E-Invoicing innovates the challenge?
This e-invoicing solution is equipped with many different features that are designed to make invoicing easier for everyone. These features include:
Contingency Management
The solution enables businesses to carry out usual operations without any disruption, even in case of a system failure.
Validation
Businesses can syntactically validate both issued and received invoices that meet the XML document specifications laid out by the GAZT.
Invoice Monitoring
One can view and track the notices or invoices in both XML and PDF formats along with the audit trails in real-time to GAZT.
Accounting Invoice Management
The solutions allow one to remain compliant with all the accounts receivable and payable processes.
Data Extraction and Mapping
Users can leverage the solution to detect and map all data based on the ideal XML schema recommended by the GAZT.
Global Transmission
The solution makes it very easy to establish a certified and secure connection with sixty different tax administrators that cover both B2B and B2C requirements.
End-to-End Integration
The strengthened integration capabilities of the solution allows business automate the task of issue and receipt of all invoices.
VAT Reporting
Ensure full compliance of VAT reporting by leveraging the optimal utilization of account receivable and payable processes.
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Next Generation E-Invoicing Solution Benefits for both Buyers and Suppliers
Using the e-invoicing solution, Suppliers can:
- Enhance cash flow
- Accelerate transactions and approvals
- Eliminate human errors
- Improve account reconciliation
- Save on additional expenses associated with storage, printing, and processing of documents
On the other hand, Buyers can enjoy perks such as:
- Automated processes
- Better productivity
- Optimum accuracy
- Receive information directly
- Strengthen relationships
- Benefit from the annual payment discount offered by suppliers
Trust the Experts
When it comes to E-Invoicing in KSA, it’s better to trust the experts! We at Accely understand the need of the hour and help resolve invoicing solutions for businesses of every shape and size. Our experienced integration with the Tax Authority understands the latest amends by the Zakat Tax and Customs Authority (ZATCA).
Our maintenance and support services ensure seamless compliance to the latest updates around formats over periodic intervals. We at Accely ensure simplified implementation and faster adoption to ensure better turnaround of operations.
