More than 100 experts from 24 countries gathered in Dubai on February 13 and 14, 2024, for this edition of the E-Invoicing Exchange Summit. Amid the recent and forthcoming introductions of E-Invoicing in the MENA region, the timing of this event was impeccable. This summit offered an exceptional opportunity for attendees to gain deep insights and broaden their knowledge in the realm of E-Invoicing, thanks to the wealth of expertise from speakers and participants alike. A standout moment was the revelation of the UAE's plans to implement a soft clearance, decentralized model for taxation. The introduction phase is set to follow a precise timeline, ensuring businesses have ample time to prepare adequately.
Some important key takeaways of the two days included:
+ Don't delay in planning for E-Invoicing and AP Automation by waiting for E-Invoicing becoming mandatory. Starting early means benefiting sooner from improved business processes.
+ Establish a clear roadmap for AP transformation, engaging all relevant stakeholders and departments such as tax, IT, and accounting from the outset.
+ Recognize that success stems from a blend of technology AND people.
+ Draw lessons from experiences in other regions to avoid reinventing the wheel.
We express our sincere thanks to all participants, speakers, and partners for their contributions to the success of this E-Invoicing Exchange Summit edition.
For access to the presentation slides, click here and stay up-to-date with our E-Invoicing News.
18:00 - 21:00
Your networking experience starts right here. All participants and speakers are invited to attend the Icebreaker Reception and to pick up their badges for the two conference days.
09:20 - 09:30
Johannes researches, organizes and runs knowledge and networking platforms that help the industry to benefit from new technologies and cope with changing legal and regulatory frameworks. His events make sure that all stakeholders learn, discuss and network with like-minded experts, practitioners and thought leaders. His main focus lies on E-Invoicing since 1999, carrying out the E-Invoicing Exchange Summits in Europe, Asia and the US, the E-Rechnungs-Gipfel in Germany, and the Swiss Payment Forum in Zurich.
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Johannes von Mulert Founder and Chairman E-Invoicing Exchange Summit, Switzerland
09:30 - 10:00
Ellen Cortvriend Partner, Global E-Invoicing and E-Reporting CoE Lead and
Hafez Yamin ITX Digital Solutions Partner, PwC Middle East
10:00 - 10:30
Governments and tax authorities are driving the need for businesses to adopt E-Invoicing across the globe. As more countries across the Middle East mandate E-Invoicing, tax becomes an integral part of day-to-day finance and commercial operations, this session will explore the key changes, trends, opportunities and challenges to businesses and their stakeholders. Kamila from Avalara will provide insights in relation to the major changes across people, process and data. Kamila will bring some of these issues to life be looking at recent or upcoming mandates as case studies, including looking at UAE and KSA. The session will include:
+ Increased visibility of taxpayer and tax due to live sharing granular data
+ Real time validation and checks leading to increased importance of correct VAT calculation at time of issue of invoice
+ Alignment of business process with tax reporting processes
+ Shift from ERP Tax Codes to Tax category and VATEx codes
+ Impact to Accounts Payable processes – how to receive from vendors?
+ Impact to Accounts Receivable processes – how to send and share with customers?
+ Impact to business stakeholders – is your E-Invoice human readable for key stakeholders?
+ Tax and compliance process benefits resulting from E-Invoicing and E-Reporting including increased automation of GST returns, incentives and digital archiving
Kamila Ferhat Director E-Invoicing & Live Reporting, Avalara, France
11:15 - 11:45
André Menezes Global Sales Manager, Edicom, Spain
11:45 - 12:15
+ Intelligent Technologies in Tax Management
+ Enhancing VAT Compliance in MEA
+ Real-Time Compliance via Cloud-Based Platforms
+ Data Reconciliation & Automation
+ Benefits for Tax Authorities and Enterprises
Ridvan Yigit Founder & CEO, RTC, Turkey
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13:30 - 14:00
+ Why is there a continuous rise in e-invoicing regulation globally?
+ The positive impacts of e-invoicing beyond compliance
+ E-invoicing in the UAE and Gulf region – how to prepare for what’s to come
+ Use Case – Saudi Arabia
Alex Pavel Managing Director Middle East, Africa, Asia and India, Pagero and
Nazar Paradivskyy VP Regulatory Affairs, Pagero, Sweden
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14:00 - 14:30
+ How businesses can prepare for the future of digital transactions
+ Opportunities and challenges for businesses in Gulf region when adopting E-Invoicing
+ Optimizing E-Invoicing workflows with automation and AI: Gain efficiency and accuracy, realize cost savings
+ Digital Transformation Success Story: Saudi Arabia
Ammar Hamednalla GCC Area Manager, Infinite IT Solutions, UAE and
Ahmed Mostafa Regional Tax Manager, IFFCO, Saudi Arabia
15:15 - 15:45
Marcus Laube Secretary General and Michel Gilis Head of Interoperability Working Group, GENA - Global Exchange Network Association
15:45 - 16:30
+ How AI will change all areas of working life
+ How repetitive tasks will be completely taken over by AI
+ Opportunities & challenges for E-Invoicing and other industries
18:00 - 22:00
All participants and speakers are invited to enjoy dinner and refreshments in a casual atmosphere. Use this perfect opportunity to intensify your business contacts and grow your network.
09:00 - 09:30
This presentation will provide the considerations for global E-Invoicing readiness.
Pierre Arman Partner, Global Indirect Tax SaaS Go-to-Market, EY Consulting LLC, UAE
09:30 - 10:00
Ministry of Finance, UAE (speaker to be announced shortly)
10:45 - 11:15
+ Overview of the Real-Time Economy concept
+ Examples of how standardised business data, like E-Invoices, form a crucial part of real-time and automated data exchange, including data-driven standardised business reporting
+ How public and private sector can provide more personalised services based on high quality business data
+ Example how E-Invoicing enables value added services for SMEs
Sirli Heinsoo Director, Digital Economy Department, Estonia
11:15 - 11:45
In this presentation you will hear about services offered by LATAM tax administrations to taxpayers, other government agencies and for the society in general using information gathered from E-Invoicing. Businesses, citizens, and public administrations receive additional benefits from the sharing of selected E-Invoicing data, and with this for example governments are able to better control their expenditures, reduce toll fares for unloaded trucks, and citizens will find better times - with less consumers - to go to a particular shop.
+ Benefits for citizens of using information extracted from E-Invoicing
+ Benefits for other government agencies of using information extracted from E-Invoicing
+ Comments on the secrecy of the information gathered along the E-Invoicing process, and how to realize the full potential of interchanging information
Vinicius Pimentel de Freitas Auditor Fiscal da Receita Estadual, Rio Grande do Sul, Brazil
11:45 - 12:30
Discuss the most pressing business-relevant topics with your peers and gain valuable information.
The term "4-corner model" is bandied about throughout our community and it represents essential network topology concepts in document interchange interoperability. But not everyone has heard or has understood the term before. This roundtable session visually demonstrates for non-technical audiences the important principles of different network topologies and why the 4-corner model works so very well for the exchange of electronic invoices and other documents.
Ken Holman CTO, Crane Softwrights, Canada
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We will discuss the E-Invoicing solutions supported by SAP Document and Reporting Compliance for the Kingdom of Saudi Arabia and Egypt, and the roadmap for other countries in the MENA region such as UAE and Oman. Moreover, we will highlight the benefits and challenges of implementing E-Invoicing in these markets and share best practices and tips on how to ensure compliance and efficiency. Join this session to learn more about the E-Invoicing landscape in MENA and how SAP can help you navigate it successfully.
Ahmed Khalifa Localization Expert and Product Manager, responsible for the E-Invoicing solutions for the MENA region,
SAP Globalization Services, UAE
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+ Addressing Operational Challenges
+ Assessing the Impact on Business Operations
+ Implementing Best Practices for Practical Execution
Mehrdad Talaifar Digital Tax Technology Strategy and Operational Tax Transformation Executive, UAE
+ The Emirates is a high tech country - is there any value in European Blueprints?
+ Embedding E-Invoice in society context
+ Customs + transport surveillance + E-Invoicing
+ How to make the economy stronger with the E-Invoice
Michael Dill CEO, GEFEG
13:45 - 14:30
Moderated by Marcus Laube Owner and CEO, Billentis, Germany
14:30 - 15:00
For an incredibly long time now, countless attempts to replace physical invoices with electronic ones have taken place. While in the early 2000s, only a bunch of idealists were pushing for this obvious digitization benefit, it seems that through more and more legislative changes, the electronic invoice finally receives the attention it deserves.
+ But is it really prudent to just respond to government mandates?
+ Do governments even consider business process optimization?
+ And what about things like data privacy and risk management?
+ How is this all connected to seemingly irrelevant processes like risk management?
Let's go on the journey of connecting things. Explore the agendas of governments, taxpayers and software/service providers and see what is to be considered to make change a reality.
Markus Hornburg Digitization Pathfinder, Global Product Compliance Expert, Ethical Consulting, Germany
15:45 - 16:45
+ Discussing UAE E-Invoicing Requirements
+ Possible agenda or the local service provider community
+ Networking with the community
Marcus Laube Secretary General, GENA - Global Exchange Network Association
Avalara empowers organizations of all sizes and numerous business sectors to automate work in their finance departments, boost efficiency of their administrative operations, and achieve compliancy (...)
Beyon Connect is dedicated to advancing digital societies in the MENA region and beyond. Our focus lies in developing innovative products and services for (...)
Our mission at ClearTax is to simplify finances, save money and time for millions of businesses. We are a tax & technology company that builds (...)
Comarch is a global provider of advanced, software-defined technologies that help companies from all industries optimize their key business processes. The company’s vast portfolio includes systems (...)
Edicom is a global leader in E-Invoicing, EDI, and VAT compliance solutions. With nearly twenty-five years of experience, over 15,000 clients, and projects in 80 countries Edicom can manage any B2B or B2G communications project. (...)
EY provides Global Tax E-invoicing Tool (GTES) to help solve clients tax and digital reporting challenges. EY global network and teams in over 150 countries provide help for clients to grow, transform and operate. (...)
GEFEG provides professional products for the management of interfaces and metadata. Our solutions offer users significant advantages for the development and maintenance of interfaces.
Infinite IT Solutions - is a global vendor of B2B IT solutions, aiming to help companies go paperless through digital transformation. The company provides specialized services that streamline transactions between enterprises (...)
Pagero is the fastest growing global business network, offering cloud-based e-invoice and e-order services. Pagero brings companies together digitally regardless of size, volume, location and ERP system. (...)
PwC's Global e-Invoicing and e-Archiving Network brings together process, technology, tax, legal and accounting experts making your E-Invoicing business case reality! For over 15 years now, PwC has been at the forefront of e-Invoicing (...)
RTC–Designed for Clearance has been founded with a singular vision: to craft a streamlined platform that allows multinational companies to seamlessly manage their compliance needs. RTC Suite; our cloud-based platform built (...)
As the world’s largest provider of enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device (...)
Founded in 2006, SNI currently has over 100 employees, operating across multiple locations in Europe. We offer SAP and Peppol certified solutions (SAF-T, Invoice Reporting, VAT Reporting and e-Invoicing) (...)
SpendConsole specializes in digital transformation for accounts payable offering a persona-based user experience. With over 50 years of combined expertise in Procure to Pay (...)
Fintech News Middle East provides a source of timely, deep insights and the latest local and global news about Fintech. Launched in 2017, the Fintech News Network team works very hard to deliver fintech-centric content in various forms to an audience looking for updates on fintech events and webinars, stunning opinions from highly-reputable digital finance innovators, analysis on fintech applications from active insiders, breaking news on fintech topics and fintech market alerts.
www.fintechnews.ae
VATupdate.com collects and publishes VAT-related news from all around the world. The website exists since 2018 and is made by and for VAT-enthusiasts. The website continuously provides updates on VAT regulations, VAT rates, case-law, events, job opportunities, tax technology and tools, and trends and developments (such as VAT e-invoicing requirements).
Besides the core members in the Netherlands and Belgium, the VATupdate Team consists of various independent contributors from all over the world. News items are posted on the website, but also on LinkedIn, Twitter and in the weekly newsletter.
www.vatupdate.com
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