In this part 2 of 2, KPMG explains the electronic invoicing for Microsoft Dynamics 365 Finance and Dynamics 365 Supply Chain Management. The Microsoft ERP enables configurable processing of electronic invoices and configurable electronic document exchange.
Recap part 1:
how can Microsoft D365 support you?
Electronic invoicing for Microsoft Dynamics 365 Finance and Dynamics 365 Supply Chain Management is a hyper-scalable multitenant service that enables configurable processing of electronic invoices and configurable electronic document exchange. The processing and integration rules are fully configurable, and the logic is run outside Finance and Supply Chain Management. The service is targeted mainly at the processing of electronic invoice documents in business-to-government scenarios. However, it can be customized for other purposes, such as business-to-business scenarios for different types of documents.
Electronic invoicing functionality designed and delivered by Microsoft in D365 F&O can help achieve the following goals:
- Fast and easy adoption of country/region-specific requirements
- Standardized implementation of an electronic invoicing solution
- Enhanced traceability of document history
- Shorter implementation cycle
- Reduced total cost of ownership (TCO)
- Easily adjustable configurations that don't require code changes
- Simplified configuration packaging
- Built-in export, import and integration as well as easy extensibility for processing electronic invoice documents
- Easy reuse of the same export, import and integration configurations across companies
Currently, electronic invoicing functionality is available for Finance and Supply Chain Management customers. For more information, review the license terms and conditions for your application.
Because the functionality that addresses country/region-specific requirements might be limited to different phases of the release, you should always review the most up-to-date documentation that highlights the coverage and scope of the supported country/region-specific solutions.
Electronic invoicing is deployed in the following Azure geographies:
- United States
- Europe Union
- United Kingdom
- United Arab Emirates
- South Africa
Implementation availability in KPMG
In every country from the list above, you can find KPMG specialists and enlist their support in navigating a globally connected and increasingly digitized economy where tax administrations are constantly striving for visibility of the end-to-end supply process through technology tools that automate the tax reporting process, from e-invoicing to digital reporting and e-accounting.
The evolution of tax technologies used by tax administrations is disruptive and transforming the way taxpayers interact among themselves, with their customers, with related parties and also with the government.
Governments are continuing to move forward with issuing new regulations and requirements imposed on taxpayers. By having a proactive approach to these changes with a defined tax technology strategy that includes having an e-invoicing and digital reporting policy, organizations will be able to save costs and improve their efficiency.
KPMG’s is simple: our goal is to provide targeted but scalable e-invoicing and digital reporting solutions that address country-specific requirements.