Saudi Arabia's Zakat, Tax, and Customs Authority (ZATCA) announced a requirement for VAT-registered businesses to transition to e-invoicing starting December 4, 2021. The move aims to modernize economic practices and bolster compliance efforts. Fatoora ERP system offers a tailored solution to ZATCA's specifications, facilitating seamless e-invoicing and enhancing operational efficiency. This proposal outlines the integration of Fatoora ERP into existing business frameworks to automate compliance procedures and ensure adherence to ZATCA's e-service regulations. The integration will support standard invoices (for B2B transactions) and simplified invoices (for B2C transactions), automate compliance checks, and connect with existing business solutions, offering a scalable and efficient Fatoora solution.
Cost Savings
Transitioning from paper-based to eBilling reduces administrative printing, storage, and postage expenses. Moreover, it reduces errors that can lead to costly payment delays.
Environmental Benefits
Saudi e-invoicing endeavour aid sustainability by curbing paper usage and the environmental footprint associated with conventional invoicing methods.
Scalability and Adaptability
Fatoora solutions are crafted to expand alongside business growth and adjust to changing regulatory demands, making them ideal for firms aiming to expand or refine their operations.
Training
Comprehensive training sessions will be organized to ensure your staff is well-versed with the newly implemented digital invoice system. Continuous support will be provided to promptly address any user queries or system-related concerns that may arise.
Go Live
The e-invoicing portal will be launched, enabling the issuance of ZATCA-compliant e-invoices. System performance will be closely monitored, and any necessary adjustments will be made to ensure optimal functionality and efficiency.
Support and Maintenance
Continuous support will be provided to maintain system compliance and efficiency. Updates and new features will be incorporated as required by any changes in ZATCA regulations, ensuring the system remains up-to-date and fully compliant.