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22.11.2023 | Platform ZUGFeRD: A gamechanger for invoicing - Streamlining the invoice process

Have you heard of ZUGFeRD?  It's an invoice data format for electronic invoice exchange. This format combines a user-friendly PDF with an XML file. Originally designed for medium to large companies and the German public administration, ZUGFeRD significantly reduces the time-consuming process of invoice processing and accurate booking. PDF: Familiar format meets XML.

 

PDF: Familiar format meets XML

The traditional PDF invoice has received an upgrade. With ZUGFeRD, it now includes an XML file working in the background. This means that as a system house, you can receive invoices from your suppliers in a familiar format, while your accounting system now understands the language of the underlying data. This simplifies the process from verification to archiving – without any additional effort.

Not just for German authorities: ZUGFeRD for modern accounting

Machine-readable invoice receipts have been demanded in Germany since 2020, especially in collaboration with public authorities. And the new electronic format is being used more and more. It's no wonder, as this approach saves time for all parties involved and makes their processes more efficient. Whether it's simply retrieving invoice data or handling the entire accounting process, ZUGFeRD proves to be a valuable addition to the field of accounting.

Invoice management with ITscope: Start using ZUGFeRD now

With ITscope, suppliers can now provide invoices in the ZUGFeRD format in the future. If the system is connected to ITscope, the invoice can be downloaded directly through the ERP, API, or ITscope platform. This is already possible for the supplier KOMSA. This allows you to benefit from an advanced format that serves as a practical addition to accounting, without any additional effort on your part.

Are you a supplier and want to start providing invoices in the ZUGFeRD format? Feel free to contact our support team.

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