Embracing the digital wave, ZATCA  E-Invoicing Phase 2 mandates electronic invoicing (e-invoicing) for businesses in Saudi Arabia. 

At Olivo Technology, we’re excited to introduce you to the seamless integration of ZATCA Phase 2 features with OlivoERP, revolutionizing the way you handle e-invoicing.

 In this post, we’ll explore the core features of ZATCA Phase 2 and how OlivoERP simplifies compliance and boosts efficiency for your business.

ZATCA Phase 2: Unveiling the Core Features

At the heart of ZATCA Phase 2 lie several key features designed to simplify and secure your e-invoicing journey:

• Real-Time Invoice Generation and Submission: Ditch the delays and embrace instant! Generate and submit invoices directly to the ZATCA platform in real-time, eliminating manual entry and ensuring timely processing.
• Automated Tax Calculation and Compliance Checks: Breath easy knowing automated calculations and built-in compliance checks ensure accurate invoice data and adherence to ZATCA regulations. Say goodbye to errors and potential penalties.
• Secure Digital Signatures and Authentication: Trust and transparency are paramount. Secure digital signatures and authentication mechanisms guarantee the integrity and authenticity of invoices, fostering confidence in your transactions.
• Data Storage and Retrieval for Audits: No more scrambling for records! The system offers secure storage of your invoice data for audit purposes, enabling easy access and retrieval whenever needed.

Seamless Integration with OlivoERP: Unlocking a World of Benefits

Now, let’s explore how OlivoERP seamlessly integrates with ZATCA Phase 2, enhancing your e-invoicing experience:

• Effortless Data Synchronization: Bid farewell to tedious manual data entry! Automated data exchange between the ERP and ZATCA platform eliminates errors and saves valuable time.
• Streamlined Data Entry into Accounting Systems: No more duplication of effort! E-invoices automatically populate relevant fields in your accounting software, streamlining record-keeping and financial reporting.
• Enhanced Visibility and Control: Gain real-time insights into your invoice status and financial transactions. Make informed decisions and maintain control over your finances with greater ease.
• Improved Efficiency and Productivity: Streamlined workflows and automated processes translate to significant gains in efficiency and productivity across your organization.

Beyond the Essentials: Expanding Your Horizons

In addition to the core features of ZATCA Phase 2, OlivoERP offers additional functionalities to further enhance your e-invoicing experience:

• Contract Advance Payment Management: Streamline your cash flow and manage advance payments for contracts efficiently.
• Contract Retention Settlement Management: Ensure accurate and timely settlements for contract retention amounts.
• Multiple Companies and Consolidated Reports: Manage multiple businesses under one roof and generate consolidated reports for a holistic financial view.
• Multiple Branches and Divisions: Gain granular control and visibility into the performance of each branch or division, optimizing resource allocation and decision-making.

Your Trusted Partner in ZATCA Phase 2 Compliance

OlivoERP is proud to announce the seamless integration of ZATCA Phase 2 features, ensuring you can issue compliant invoices and navigate this digital transformation with ease. Here’s how OlivoERP empowers you:

• Full ZATCA Phase 2 Compliance: Generate and store e-invoices in the required format (XML or PDF/A3 with embedded XML) with all mandatory fields.
• Effortless Integration with Fatoora Portal: Connect directly to ZATCA’s Fatoora portal for easy submission and tracking of invoices.
• Ideal Solution for Contracting Companies: Manage contract advance payments and retention settlements with dedicated features, optimizing cash flow and project management.

• Simplify Onboarding with OlivoERP: Leverage our streamlined onboarding process, including:

• Submit CSR and obtain Compliance CSID
• Submit Compliance CSID and request ID for Production CSID
• Renew Production CSID with ease
• Free support until successful onboarding

Embrace the Future with OlivoERP and ZATCA Phase 2

At Olivo Technology, we’re committed to helping you navigate the digital transformation with confidence. By seamlessly integrating ZATCA Phase 2 e-invoicing with OlivoERP, you can stay compliant, save time, and unlock new opportunities for business growth.

Remember, the journey to a seamless e-invoicing experience starts with understanding the core features and embracing the power of integration. With OlivoERP by your side, you can embrace the future of e-invoicing with confidence.

Stay tuned for more updates and insights from OlivoERP!