UAE’s E-Invoicing Model: A Blueprint for the Region?

UAE’s E-Invoicing Model: A Blueprint for the Region?

More than 100 experts from 24 countries gathered in Dubai on February 13 and 14, 2024, for the second edition of the E-Invoicing Exchange Summit.

E-Invoicing Exchange Summit

Amid the recent and forthcoming introductions of E-Invoicing in the MENA region, the timing of this event was impeccable. This summit offered an exceptional opportunity for attendees to gain deep insights and broaden their knowledge in the realm of E-Invoicing, thanks to the wealth of expertise from speakers and participants alike.

E-Invoicing Exchange Summit

Johannes von Mulert

A standout moment was the revelation of the UAE’s plans to implement a soft clearance, decentralized model for taxation. The introduction phase is set to follow a precise timeline, ensuring businesses have ample time to prepare adequately.

Some important key takeaways of the two days included:

  • Don’t delay in planning for E-Invoicing and AP Automation by waiting for E-Invoicing becoming mandatory. Starting early means benefiting sooner from improved business processes.
  • Establish a clear roadmap for AP transformation, engaging all relevant stakeholders and departments such as tax, IT, and accounting from the outset.
  • Recognize that success stems from a blend of technology AND people.
  • Draw lessons from experiences in other regions to avoid reinventing the wheel.

Here you find the official review of the E-Invoicing Exchange Summit:

This article first appeared on LinkedIn.

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