Germany: Mandatory B2B E-Invoicing from 1 January 2025 As Germany🇩🇪 prepares to enforce mandatory e-invoicing for B2B transactions starting January 1, 2025, businesses must adapt to stay compliant. In this comprehensive webinar, we explored critical aspects of e-invoicing compliance, the challenges it presents, and the opportunities it offers to modernize financial processes. 👉 Here’s what we covered: 1️⃣ Compliance with EU Standards ▪️VAT in the Digital Age (ViDA): Overview of the EU initiative to modernize VAT, prevent fraud, and promote automation in cross-border trade. ▪️Aligning with EU’s ViDA Initiative: Insights on how Germany’s e-invoicing aligns with broader EU goals for VAT compliance and repairing for upcoming changes in VAT and compliance across Europe. ▪️EU Directive 2014/55/EU and EN 16931: Defining the core requirements and standards for e-invoicing across Europe. 2️⃣ E-Invoicing: Tools and Formats ▪️How to Create an E-Invoice: Steps for creating e-invoices using standardized formats and software. ▪️XRechnung and ZUGFeRD Formats: Key e-invoicing formats in Germany, including when and how to use each. ▪️ERP and Accounting Software Solutions: Choosing integrated tools that support e-invoicing creation and compliance. 3️⃣ Risks of Using PDFs and Emails for E-Invoicing ▪️Security Vulnerabilities: Lack of encryption and risk of phishing. ▪️Compliance and Legal Risks: GDPR violations and issues with audit trails. ▪️Operational Inefficiencies: Limited automation and increased error rates. Risk of Data Breaches and Fraud: Susceptibility to ransomware and invoice tampering. ▪️Limited Scalability: Incompatibility with e-invoicing standards like ZUGFeRD and Peppol, posing a handicap for high transaction volumes and cross-border transactions. 4️⃣ Cybersecurity in E-Invoicing: Safeguarding Financial Data ▪️Protecting Sensitive Data: Essential practices for data security and compliance with GDPR in e-invoicing. 5️⃣ Peppol's Impact on E-Invoicing for German ▪️Why Peppol Matters in Germany: The growing need for a secure, standardized e-invoicing network for cross-border transactions. ▪️Peppol and International Standards: How Peppol facilitates e-invoicing for cross-border transactions. ▪️Implementing Peppol in Your Business: Steps for registration, integration with ERP systems, and automating e-invoice exchange. ▪️Compliance and Data Security Benefits: How Peppol ensures compliance with EU standards and supports secure data transmission. 6️⃣ Demo: See Melasoft’s E-Invoicing Solution in Action ▪️Real-Time Demo: Walkthrough of how Melasoft’s solution facilitates compliance and improves invoicing workflows. 💡 Why wait? Stay ahead of the curve. Contact us today to schedule a personalized demo of Melasoft’s e-invoicing solution and discover how we can help your business thrive in the evolving digital landscape. 📞 https://www.melasoft.com/contact 🌐 https://www.rechnungportal.de #einvoiceing #erechnung #sapsolution

Are You Prepared for Germany's Mandatory E-Invoicing in January 2025? ⬇️ Download the Summarized Presentation in PDF: https://www.melasoft.com/ Germany is set to implement mandatory B2B e-invoicing starting January 1, 2025, as part of a broader initiative to streamline financial operations and enhance compliance with European regulations. This mandate will require all businesses in Germany to be capable of receiving electronic invoices, with phased requirements for sending them based on annual turnover. Key Dates and Requirements 🔘 January 1, 2025: All businesses must be able to receive EN-compliant electronic invoices. 🔘 January 1, 2027: Mandatory issuance of e-invoices for businesses with an annual turnover exceeding €800,000. 🔘 January 1, 2028: Mandatory issuance of e-invoices for all businesses, regardless of turnover. The e-invoices must comply with the EN 16931 standard, ensuring interoperability across different systems. The formats accepted include XRechnung and ZUGFeRD, which are designed to meet the requirements of both B2B and B2G transactions. To help businesses prepare for these changes, Melasoft was hosted a free webinar on July 17, 2024. 01:33 Melasoft Company Profile 04:01 E-Invoicing Introduction (Definitions, Formats and Models) 15:35 E-Invoicing in Germany 34:23 Melasoft E-Invoice Solutions 54:07 Questions and Discussion In this webinar, we addressed the three most pressing questions about e-invoicing in Germany: 1. What are the latest updates and requirements for mandatory e-invoicing? 2. How can businesses optimize their invoicing workflows to ensure compliance? 3. What are the potential benefits and opportunities of the new e-invoicing regulations? 👉 Contact Melasoft today for a free demo. Let's discuss your specific needs and craft a custom e-invoicing solution that guarantees smooth compliance in Germany. 📞 https://www.melasoft.com/contact #germany #taxcompliance #einvoicing

In Malaysia, B2B e-invoicing will become mandatory from 1 August 2024. This important development in Malaysia will create new requirements and opportunities for businesses. For this reason, Melasoft organized a webinar to explain how you can prepare for these changes. In our webinar, we discussed the details of e-invoicing regulations in Malaysia, our tax compliance solutions which will meet the government's guidelines in 2024 and ways to make your business compliant with these changes. Watch this video to prepare for the e-invoicing obligation in Malaysia and move your business into the future. 01:01 Melasoft Company Introduction 04:16 Status of E-Invoicing Process in Malaysia 20:04 Melasoft E-Invoice Solution 35:23 Questions and Answers - Is the application of e-Invoice limited to transactions within Malaysia? - Are all industries subject to e-Invoice implementation, or are there exceptions? - How do taxpayers issue an e-Invoice to a non-TIN holder such as foreign buyers? - What is the timeframe to issue e-Invoice adjustments after the 72-hours validation period? - Does the MyInvois Portal allow for editing of information after the e-Invoice has been verified by IRBM? Contact us for more details without delay! Take action now to be one step ahead of the business world of the future! Request a demo. 👉 https://www.melasoft.com/contact #einvoicing #malaysia #lhdn

Inflation Accounting and Inflation Adjustment in TÜRKİYE and Melasoft SAP Inflation Accounting Suite Many arrangements have been made to prevent the negative effects of inflation on the presentation of financial tables in Turkey. The most important regulation to eliminate the impact of inflation on the financial statements is Tax Procedural Law No. 5024, the Law Amending the Income Tax Law, and Corporate Tax Law. Inflation accounting, which was postponed to the end of 2023 with the amendment of the law despite the conditions in Turkey, will enter into force as of the end of 2023 unless it is postponed again. The Revenue Administration has published a draft Communique on Inflation Adjustment and continues to work on the draft. In this webinar, we discuss how to prepare for the new regulations in Turkey and how Melasoft SAP Inflation Accounting Suite can help you streamline the process. 01:03 Melasoft Company Introduction 03:40 Understanding Inflation Accounting 14:45 Inflation Accounting in Turkey 23:59 Melasoft Inflation Accounting Solution (Melasoft SAP Inflation Accounting Suite) 31:20 Questions and Discussion - How does Melasoft stay up to date with the evolving landscape of inflation accounting regulations in Turkey, and how quickly can the solution adapt to changes? - Can you share a success story or a case study where Melasoft's solution made a significant impact on a company's inflation accounting practices in Turkey? - How does Melasoft support companies in adapting to changes in inflation rates over time? -What are the advantages of Melasoft using its own namespace and how does this feature affect your objects within the SAP ecosystem? - What kind of support and training does Melasoft offer to clients during the implementation and beyond? 👉 Contact us for more information and demo: https://sapinflation.com https://melasoft.com #inflation #inflationaccounting #sap

SAP S/4HANA Implementation Best Practices: Unlocking Success in Digital Transformation In today's rapidly evolving business landscape, organizations are increasingly turning to SAP S/4HANA, the intelligent enterprise resource planning (ERP) system, to drive their digital transformation journey. In the world of SAP S/4 HANA implementation, knowing the key phases isn’t just a matter of curiosity; it’s a strategic imperative for success. Imagine embarking on a complex journey without a map or guide – the outcome can be unpredictable. Similarly, comprehending the essential phases of SAP S/4 HANA implementation provides a structured path toward achieving your desired outcomes. In this video, we delve into the importance of understanding the critical SAP S/4 HANA implementation phases. Through this knowledge, you’ll be better equipped to steer your SAP S/4 HANA implementation steps toward a successful destination. 01:11 Melasoft Company Introduction 03:52 Understanding SAP S/4 HANA 08:38 SAP S/4 HANA Business Functions 12:01 Strategic Decisions for Migration to SAP S/4 HANA 24:17 SAP S/4 HANA Migration Strategies (Greenfield, Brownfield and Bluefield/Hybrid Approaches) 30:59 SAP Activate Methodology 36:09 Conclusion Q & A (Questions and Answers) 🗣 What are the key considerations before embarking on an SAP S/4HANA implementation? 🗣 What are some best practices for data migration during an SAP S/4HANA implementation? 🗣 How can organizations ensure user adoption and training for SAP S/4HANA? 🗣 What are the key challenges organizations might face during an SAP S/4HANA implementation, and how can they be mitigated? 🗣 What post-implementation strategies are recommended for maintaining a successful SAP S/4HANA environment? Contact us for more information: https://melasoft.com/en/contact/ #saps4hana #sap #implementation

B2B e-Invoicing and e-Reporting in France. B2G e-invoicing has been mandatory in France since 2017. Sending e-invoices within the B2B sector in France will become compulsory in stages between 2024 and 2026. What is the difference between an e-invoice and an e-report? “E-invoicing” refers to the issuing, transmission and receipt of e-invoices in a mandated format and including a minimum base of data in structured form. French companies will be required to issue e-invoices to other French business customers. "E-reporting" refers to the transmission to the French tax administration of certain mandated data relating to transactions that are not covered by the e-invoicing mandate. Therefore, notwithstanding that there is no requirement for French companies to physically issue e-invoices to private consumers (B2C) or to customers based outside of France (including exports and intra-Community supplies), the transactional data must be submitted to the French tax administration. E-reporting will therefore complement e-invoicing and allow for the French tax administration to eventually pre-complete VAT returns for French taxpayers. For more information and our solutions, we invite you all to watch our webinar on May 24, 2023. France will be an important topic in 2024, so there is a lot to learn from this webinar if you are curious about the latest news. 01:11 Melasoft Company Introduction 02:06 Melasoft Solutions and Services 07:25 Status of E-Invoicing Process in France 29:45 Melasoft E-Invoice Solution 38:33 System Architecture (Multi Country - Multi Company) 39:29 Key Feature of Melasoft Solution 47:09 Conclusion 48:06 Q & A (Questions and Answers) Please contact us to request a demo. https://melasoft.com/ https://www.sapeinvoice.com/ #france #erpsolutions #sap

Romania has made significant progress in recent years in the fields of electronic invoicing (e-invoice), electronic transport document (e-transport) and standardisation and automated financial reporting (SAF-T). 2022 was the year of digitalisation for ANAF, The National Agency for Fiscal Administration. Here is a summary of the main developments on these topics: Electronic Invoice (e-Invoice): B2G e-invoicing is mandatory from 1 July 2022, using the RO eFactură protocol. Romania was considering the phased implementation of B2B e-invoicing throughout the country. However, this implementation was postponed until 2024. Electronic Transport Document (e-Transport): In Romania, with a regulation that entered into force in 2022, the use of electronic transport documents (e-transport) has become mandatory in all transport transactions. Standardisation and Automated Financial Reporting (SAF-T): Romanian SAF-T monthly transaction reporting was launched in January 2022 by ANAF. From 1 January 2023, all companies in the categories of medium and large taxpayers are obliged to declare their tax information in form D406, Romania's recognised SAF-T file. Small taxpayers have until 1 January 2025 to apply the SAF-T to declare their tax information. For more information and solutions, please watch our webinar held on 5 April 2023. 00:06 Introduction 00:33 Agenda 00:49 Melasoft (Solutions and Services) 04:51 Melasoft E-Invoice Solution 31:53 Melasoft E-Transport Solution 44:34 Melasoft SAF-T Solution 54:29 Thanks 56:35 Q & A (Questions and Answers) Please contact us to request a demo. https://melasoft.com/ https://www.sapeinvoice.com/ #romania #erpsolutions #sap

In Kazakhstan, e-invoices are called ESF. Invoices received by companies and invoices sent to customers are recorded in the ESF system. In order to issue invoices (ESF) to customers, the goods sent must be registered in the VWH inventory. The IS ESF system in Kazakhstan became operational on July 1, 2014. However, there is currently no obligation to use it. SNT and VWH modules have been given to test use since 2020. In Kazakhstan, the use of IS ESF-VWH-SNT system was planned to be put into mandatory use as of April 2022, but has been postponed for a year. We have implemented our (Melasoft) solution at multiple customers in Kazakhstan. If you are interested in learning the latest developments in e-Invoicing, e-Delivery and Virtual Warehouse then, watch the webinar. 00:09 Introduction 02:02 Melasoft (Who are we? Products and Services) 04:04 Kazakhstan 06:41 E-Invoice in Kazakhstan 13:21 Melasoft Solution in Kazakhstan 18:09 Melasoft is Ready for Kazakhstan 22:04 Q&A 26:11 Thanks Contact us for more information and demo: https://melasoft.com/en/contact/ #kazakhstan #einvoice #melasoft