Many businesses have already implemented an electronic invoicing processes. This can often mean having to keep up with the latest standards, especially for Business to Business (B2B) transactions. However, implementing and maintaining multiple individual electronic documents exchanges may lead to complexity, high costs, and other concerns. This is where Factur-X comes in.
Factur-X is the new European standard designed to ease e-invoicing, no matter who your customers may be. Based on European Semantic Standard EN 16931, a Factur-X invoice is an XML file embedded in a PDF/A-3. This is a single, secure option that is equally human and machine-readable. As a result, users add security, universality, and efficiency to the e-invoicing process.
Companies complying with Factur-x also get more than just a data or document conversion process. This standard’s e-invoicing protocols can be smartly embedded into your existing order to cash cycles to enhance account payable workflow. Go from invoice release to collection with a smoothly-running system that gives you all the details you need for full accountability.