Intro
The Income and Sales Tax Department (ISTD) has been encouraging companies to skip the wait and start taking the appropriate measures to be compliant with the requirements that have been shared. The calls for joining the National E-invoicing System in Jordan are not only essential to ensure better compliance with tax authorities and to place better financial plans for the country – by getting accurate numbers – but also play an essential role in helping companies have things managed and tracked with ease.
So, is There An Issue Here?
Well, yes and no, and here is why. While it’s true that you can use the National E-invoicing system if your company doesn’t have one indeed, the truth is that many companies need advanced features tailored to specific needs. On the other hand, others may actually have a system in use and all they’re looking for is trusted providers to ensure seamless integration no matter the system they have or the updates that may be issued over time.
This is Where Professional Middleware Bridges The Gap
Professional middleware providers serve a pivotal role in such scenarios as they fill in the blanks and overcome limitations through solutions that prioritize the clients’ concerns and pain points in the first place all the time. In other words, clients who don’t own an E-invoicing system can simply go for this option as it ensures them the following privileges:
1. 24/7 Compliance
Middleware service providers work with experts in technology, finance, and regulations to ensure all the latest tax updates and regulations are reflected within the system’s portal and modules without any extra measures from the client’s side.
2. Avoiding Penalties
Having a trusted middleware provider to manage your E-invoices ensures your business never falls under any penalties or fines because you’re working with a middleware service provider who adheres to the law.
3. Maintenance
Laws are subject to change all the time and this results in technical updates that have to be considered for the company. In situations where the company hires a middleware provider, worrying about these technical aspects is no biggie as it’s the providers’ responsibility. Which frees the company from bearing additional responsibilities.
4. Scalable Solutions
Businesses differ in needs and goals, they’re also prone to expansions and growth over time to include a wider range of markets or maybe a new niche. Working with a limited E-invoicing system that does not support these diverse needs to translate them in the best manner possible places a huge risk on companies. Thus, working with middleware providers who offer scalable systems and integration solutions like InvoiceQ saves you loads of work and time as it eliminates the need for constant integration infrastructure redevelopment.
5. Versatile Integration
For companies with pre-existing systems, and who are only seeking to handle the integration part with The Income and Sales Tax Department (ISTD), utilizing service providers like InvoiceQ cuts the hundred into fifty as we offer not only one or two options but three options for integration to help companies maintain their accounting, ERP, or any other internal system that is implemented. Compared to developing and maintaining custom integrations in-house, middleware providers offer built-in integrations with tax authorities systems saving time and cost.
6. Increased Efficiency
Middleware service providers automate data exchange processes, thereby eliminating manual data entry processes and reducing human error risks. The result is faster tax filing, fewer delays, and improved efficiency.
In A Nutshell,
Leveraging a middleware service provider like InvoiceQ to handle your company’s integration with The Income and Sales Tax Department or better, utilizing it as your company’s system saves you time, money, and never-ending queues waiting for support or technical assistance elsewhere. As long as the choice you make for the middleware service provider is correct, the rest should be easy. At InvoiceQ, we make sure you get a one-stop solution for all invoice management requirements!
