Origen Tech has extended the SAP Document and Reporting Compliance framework solution to support electronic exchange of outgoing electronic invoices for Vietnam to meet legal Vietnam General Department of Taxation (GDT) requirements.
SAP Document and Reporting Compliance is SAP’s offering that helps customers comply with mandates ranging from e-invoicing/e-documents to e-reporting and statutory reporting worldwide with standardized and centralized processes.
SAP Document and Reporting Compliance is the best suited solution for the exchange of electronic documents from SAP ERP & S/4 HANA due to its holistic, secure, and integrated approach that helps companies stay compliant safely, globally, and at affordable costs.
SAP Document and Reporting Compliance for Vietnam is a partner solution for electronic invoice delivered by Origen, following the same architecture as other standard country Document and Reporting Compliance solution offerings.
The communication on the solution happens between SAP ERP or S/4HANA and Vietnam third party integrator (for example Vietnam Posts and Telecommunications Group VNPT). Via SAP Integration Suite the third party will receive, validate, and approve electronic invoices on behalf of the General Department of Taxation (GDT) of Vietnam. Once the electronic invoice is approved, the approval CQT code (Authorization Electronic Code) returns to SAP and updates the electronic invoice cockpit / monitor within SAP Document and Reporting Compliance.
Benefits:
- Built-in standard functionality and extensibility resources to support e-Invoicing requirements as used in other countries like Chile, Mexico, Peru, Brazil, Spain, Italy, Argentina, and now Vietnam.
- Guaranteed update to legal changes in Vietnam by Origen Tech.
- Global coverage: SAP as a single platform to manage electronic invoice mandates in effort to reduce the maintenance of interfaces with third-party software, simplify business operations for documents monitoring and corrections.
- Adoption of best practices based on expertise and focus by Origen tech on delivering SAP e-Invoicing solutions for multinational companies with operations in Latin America, Europe, and Asia.
For Companies running SAP ECC or S/4HANA, SAP’s Document and Reporting Compliance offering provides a single SAP Platform for e-invoicing and other electronic documents and Reports.
Click on the link below to know more or contact Origen Tech for more details, demo, and next steps to use SAP as a single platform to manage electronic invoice mandates:
