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SunTec rolls out e-invoicing package in Saudi Arabia 5 hours ago
Source: SunTec SunTec Business Solutions, the world’s #1 relationship-based pricing and billing company, has announced the launch of its fully pre-configured E-invoicing solution to help banks in the Kingdom of Saudi Arabia (KSA) meet their compliance requirements. The announcement is timely as KSA has mandated businesses to embrace a digital journey with the implementation of e-invoicing. From December 4, 2021, all business entities, including banks and financial institutions in the KSA will have to issue, receive and store invoices electronically to ensure output and input invoices are perfectly matched and reconciled to avoid any fraud.