Intro
Taking the step to shift from paper invoicing to electronic invoicing can’t be described as a step so easy to be taken by all required taxpayers. Reasons for that can be attributed to many pivotal factors that we’re about to tackle and even better offer solutions for. But before rushing things, let’s take it one step at a time.
Electronic invoicing is now made mandatory in Jordan, while the full implementation is still in progress, the plan has already started and it’s only a matter of time before it’s widely and fully implemented around the country. But accepting a change just like that isn’t an easy matter for everyone, right? It is even more so if technology is included as part of the change plan, and this is where the whole game changes.
Addressing factors that contribute to joining electronic invoicing easily and overcoming the digital drag that many businesses are afraid of places demands for an all-rounded solution that meets everyone’s needs and is easily understood by all. This means utilizing a user-friendly, affordable, and dynamic E-invoicing solution for your business.
Bridging the digital gap for businesses so they do not fall behind due to technological barriers was the ultimate goal we had in mind while developing the InvoiceQ E-invoicing system along with its bundle of solutions. So, what reasons could be behind the digital drag keeping many from joining the E-invoicing revolution?
Electronic Invoicing: Why Do Some Hesitate?
Several factors contribute to this drag, including:
1. Current Technology in Use
This includes the type of resources used for the software and hardware in the organization as they determine the ease or complexity of the system’s integration process with the Income and Sales Tax Department. Some older versions of certain systems could be incompatible with common integration methods; thereby, requiring advanced and more business-specific alternatives to be compatible with the ISTD.
Additionally, this adds more cost to manage the upgrades independently as they don’t have an E-invoicing solutions provider’s assistance to carry out the process in accordance with the latest updates.
2. Technological Competency
Tech skills aren’t the same for everyone and the gap shows big when it comes to generational differences where younger generations are more familiar with technology than older ones making them more tech-savvy.
Furthermore, technical integration requirements vary according to the ERP or accounting system type/version. Hence, even if age is not the obstacle, it’s more likely going to be the expertise gap for others.
3. Cost
Setting up the E-invoicing system or the integration method that works with the company’s ERP or accounting system can get expensive, especially if we’re talking about small businesses with limited budgets and resources and cannot follow up with the updates on their own.
4. Resisting Change
Not everyone is comfortable with change. Some people resist getting introduced to new solutions powered by technology due to fear of change. Hence, they still prefer to choose the old tiresome ways simply because they’re familiar with and know how to handle very well. Social factors and cultural implications are not easy to erase. They require time and a lot of convincing to be understood and accepted.
Stay Connected with InvoiceQ’s Electronic Invoicing System
Utilizing an electronic invoicing solution like InvoiceQ can significantly reduce the digital gap for businesses looking to simplify their invoice management processes and payment collection. The benefits of adopting an E-invoicing system like InvoiceQ eliminate the need for paper invoices and manual operations to manage financial data.
Electronic invoicing systems tend to be complex in nature but the InvoiceQ invoicing system does magic to change this concept. Our portal has been developed with user-friendly designs and a simple UX to enable technical and non-technical users to utilize the platform to the max.
The system automates tasks such as receiving invoices, sending invoices, managing billing cycles, tracking inventory status, and purchasing orders, along with simplifying the communication channel between vendors and business owners and a bunch of advanced features to manage user roles, access, and security measures.
As part of InvoiceQ’s solutions, accounting systems and ERP systems are integrated so businesses can achieve compliance with Jordan’s Income and Sales Tax Department easily. This includes systems such as Microsoft Dynamics, Oracle, Quickbooks, and more among others.
Conclusion,
Simply put, electronic invoicing systems play a pivotal role in minimizing digital drag if they prioritize simple dashboards and features that can be fully taken advantage of by users of all levels; technical experts or non-technical users alike.
They do so by automating manual processes, reducing organizational resource costs, boosting efficiency, and ensuring compliance of all systems with The Income and Sales Tax Department (ISTD). As a result, businesses can operate with up-to-date technologies that everyone can use.
Interested in learning more about our E-invoicing system and integrating your internal system with the Income and Sales Tax Department? Contact our team of experts & start E-invoicing today!
