Integrated retrieval _ Invoices can be retrieved from IMS at any stage, the full audit trail and a history of the workflow determines exactly where in the process each invoice is. It is also possible to retrieve invoices directly from their ERP system due to the integration with IMS. The full audit trail is vital as they have to comply with Sarbanes Oxley legislation. The IMS solution is used to assist in this compliance, with the audit trail providing a complete history of the lifecycle of each document.
The Principal Laws Governing Electronic Invoices (e_Invoices or eBills) _ In Spain, Directive number 115 generally applies, although these regulations have also been reinforced in national policy, particularly in the following laws: Royal Decree number 1496 Billing Regulations.
Invoices are created in on a daily basis, and that's great for your business: however, it's easy to soon start feeling overwhelmed and discouraged by the complexity of all that paper handling and invoice tracking while hard pressed for time. It's hard to keep track of all of the invoices and their processing status: can you tell at a glance if all have even been received? That's very unlikely.