Automating as many processes as possible through an integrated solution, which optimally manages these tasks, results in a directly proportionate decrease in opportunities for human error while increasing the opportunities for savings and improved efficiency. Even collections can be managed automatically, sending the corresponding overdue notices as certain pre_defined thresholds are reached. Furthermore, when companies employ this technology, they are motivated to digitalize other documents, thus achieving efficiency and savings in additional areas of the business. Control of taxes is also increased with electronic billing because it allows for greater control over tax compliance and simplifies the auditing process.
Royal Decree number 87 Amendments to Billing Regulations. Ministerial Mandate number EHA뭚 of April 10th (entered in the Federal Registry on April 14th, 2007), which further develops specific provisions for telematic billing and digital storage of invoices, elaborating on Royal Decree number 1496 of November 28th, where the regulations governing billing_related obligations were adopted. Ministerial Mandate number PRE of October 5th (entered in the Federal Registry on October 15th, 2007) concerning invoices issued through electronic means when the recipient is the General State Administration or a public organization associated with or dependent on it, as well as the submission of invoices issued by individuals to the General State Administration or the public organizations that are associated with or dependent on it. Various self_governing provincial councils (in Alava, Guipuzcoa, Navarra and Vizcaya) have reproduced these same regulations, appending a translation of them in Basque dialect.
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.