Electronic invoicing (eInvoice) continues to evolve as an essential component of digital business and global fiscal transformation. Driven by the adoption of standards like UBL (Universal Business Language) and regulatory projects such as ViDA (VAT in the Digital Age), eInvoice is projected to become the dominant standard by 2030. PeppolSoft is at the forefront of this progress, tailoring its solutions for diverse markets and preparing tools aligned with emerging regulatory models and international standards.
Key Trends Towards 2030 and Beyond
Standardization through ViDA and the 5-Corner Model ViDA, a pilot project in Europe, introduces a 5-corner model that connects issuers, recipients, exchange platforms, service providers, and tax authorities. This model aims to optimize traceability and interoperability, establishing a structure that facilitates tax compliance and the digitalization of business transactions. PeppolSoft participates “in the shadows,” reviewing this model to ensure its solutions are compatible with future requirements.
Regulation as a Driver of Adoption
Regulatory frameworks like ViDA aim to integrate electronic invoicing into real-time tax systems, reducing fraud and optimizing fiscal processes. These regulations also promote interoperability among businesses across different sectors and countries, aligning with sustainability and operational efficiency objectives.
Global Interoperability with UBL Standards
The UBL standard remains central to interoperability in eInvoice. In this context, PeppolSoft adapts its technical support and solutions to the specific standards of each region: UBL 2.3 for compliance in the United States in collaboration with DBNAlliance, and UBL 2.1 for Europe and Asia, ensuring technical and operational compatibility in these markets.
Automation and Sustainability
Automating processes from issuance to tax reporting and eliminating paper usage positions eInvoice as a vital tool for corporate sustainability. Additionally, it fosters operational efficiency by reducing administrative times and costs.
Scalability and Inclusion for Businesses of All Sizes
Technological solutions must be accessible to businesses of all sizes, from global corporations to micro-enterprises. PeppolSoft is developing tools to enable smaller businesses to join the eInvoice ecosystem without compromising transaction quality or security.
PeppolSoft’s Contribution to the ViDA Model and UBL Standards
PeppolSoft plays a pivotal role in adopting and promoting eInvoice solutions aligned with international standards and pilot projects like ViDA.
Participation in the 5-Corner Model of ViDA
Although ViDA is still in a pilot stage, PeppolSoft is already modeling solutions within its technological suite to integrate effectively into the proposed framework, ensuring a smooth and adaptive transition when the model becomes formally operational.
Advanced Support for UBL Standards by Region
UBL 2.3 in the United States: PeppolSoft, in collaboration with DBNAlliance, ensures technical support for UBL 2.3, enabling compliance with fiscal requirements and document exchange in the U.S. market.
UBL 2.1 in Europe and Asia: PeppolSoft’s solutions are designed to comply with the UBL 2.1 standard in these regions, ensuring compatibility with local regulations and interoperable networks.
Integration with Global Networks
PeppolSoft develops tools that allow businesses to operate seamlessly within networks like PEPPOL, facilitating the issuance and receipt of electronic documents in international markets.
Technical Consulting and Scalability
In addition to technological solutions, PeppolSoft provides consulting services to help businesses adopt eInvoice, adapting their operations to the regulatory framework of ViDA and the specific UBL standards of each region.
