“e-Invoicing” is a hot topic for many entrepreneurs, as governments in each country are setting the framework and deadlines to meet the European Union's new regulations on the matter. As you probably know, owning and managing a company takes a lot of focus and energy. Therefore, we revamped Odoo’s Invoicing application to ensure it is ready to fulfill the requirements while making it easy for you to deal with your accounting and invoicing in just a few clicks.
How digitizing and controlling the invoicing processes impacts your business?
You may have heard the buzz in the European business world: e-Invoicing is becoming mandatory by 2030. It gives the countries a few years to set the framework and give companies some time to adjust and become compliant. As an entrepreneur, you’ll be required to make the necessary changes to the way you deal with your invoicing. The good news is that all you need to do is ensure you have the right tools, allowing you to adapt quickly.
Odoo simplifies e-Invoicing processes and streamlines your entire business
In the upcoming years, all the European countries will have settled the legal and technical framework around e-Invoicing, leaving you, as an entrepreneur, the duty to adapt your processes and software accordingly.
With this in mind, it is key to work with a software provider that will do what is necessary to keep things simple for you, while ensuring your regulatory compliance.
That’s exactly what Odoo offers your business! Through a very user-friendly interface, you can generate, send and receive all your e-Invoices at a glance. Moreover, Odoo’s team has made the necessary developments and integrations to ensure compliance with the new European standard. Within a few clicks and seconds, your invoices are sent away to the right parties. Additionally, all of your operations and workflows are centralized within one platform, which makes them streamlined, up-to-date, and easily manageable.
Focus on your core business, let Odoo handle the rest
It is no secret that owning, managing, and growing a business requires all your attention and energy. On the other hand, to be able to put your entire focus on this, you need to implement, configure and use the proper tools.
Odoo is the ideal partner to provide you with an e-Invoicing application that allows you to issue, send and receive structured electronic invoices via the Peppol network or another compliant and safe method, as required by the European Union. If you wonder why else should you choose Odoo to manage your invoices, here are a few reasons why we are your ideal partner.
1 - A full invoicing application at no cost
If you decide to install and use only the Odoo invoicing application, you can do so entirely free of charge. You will then make proper use of all the invoicing features, such as customizable professional templates and payment management functionalities, at no cost at all.
Of course, if you need more apps to manage your business, Odoo has a comprehensive range of professional modules to run your operations smoothly, quickly and efficiently. You can access them all for a single fee starting from 19,90 € per user and per month for the standard version, and from 29,90 € per user and per month for the custom plan.
2 - Integrated all-in-one management system
More than just an Invoicing application, Odoo is a complete company management system. This means that you can gather all the applications you need to handle your business within a single platform, with modules all connected to each other.
For instance, you can integrate seamlessly with the Sales application, which means that you can handle quotes and sales orders and generate an invoice as soon as a sale is made. You can also link the Accounting module, to keep track of your cashflow knowing what are the issued, paid and pending invoices.
3 - Free training to master the invoicing tool
Starting using a new tool, whether it is from scratch or from a software transition, can be tough. Therefore, we organize Odoo academy events throughout Europe to show you how to invoice with Odoo like a pro.
This one-day training offers a deep dive into the Odoo invoicing application to guide you through several steps:
Configure a database, manage documents and optimize workflows
Create, send and receive invoices in just a few clicks, with full regulatory compliance
Manage purchasing and expenses at a glance
Generate reports with accurate and up-to-date data to make smarter and informed decisions
Thanks to an interactive training including best practices, real case studies and exercises, this day will give you everything you need to start using Odoo’s Invoicing module, and to a certain extent, its world of apps.
Additionally, Odoo provides unlimited access to a large range of online tutorials as well as a documentation center to help you master your invoicing system in no time.
4 - Multiple integrations with payment portals and banks
Not only Odoo provides you with an easy system to send your invoices, but you also benefit from multiple integrations with payment portals. That means that your invoice can redirect to a portal that allows the customers to pay using their preferred payment method.
Integration with your bank is also made possible, which helps you keep track of your due payments. A clear overview of each invoice gives you the data at glance, including customer name, invoice number and date, due date, planned activities, amount and status.
5 - Easy payment management
The comprehensive invoicing module gives you the possibility to issue your invoices, receive your money due, and to define payment terms. But the interface also offers you the ability to do much more:
Create credit notes for customer refunds
Handle recurring payments
Make the most of automation by creating fiscal position, tax rules and local requirements and having a currency converter at hand
Do batch payments by selecting multiple vendor bills and paying them all at once
Follow-up to track and never miss a payment that is due and unpaid
All of these features can be used and mastered super easily thanks to the user-friendly interface designed to make things simple for you.
6 - Invoicing everywhere in the world
Odoo is in compliance with the international invoicing requirements. That means one tool allows you to invoice almost anywhere in the world, making it easy to meet local fiscal regulations. You can simply configure all the specific requirements for each country, such as the fiscal positions, the taxes rules, or any other relevant detail.
7 - Advanced reporting and on the go access that enables smarter decision making
On one hand, Odoo’s software includes several dashboards offering a clear and informative view on your data and statistics. Get comprehensive sales and invoice analysis reports, that you can adapt and customize according to your needs. This instant and up-to-date access to key-information is essential to make faster and smarter decisions for your business.
On the other hand, you can gain some peace of mind thanks to Odoo, as the software is also available on a mobile app. The super user-friendly, easy-to-use, intuitive interface makes it a piece of cake to monitor your finances, issue invoices, update payment status and generate batch payments. Your invoicing software is in your pocket, which means you can check or use it anytime, anywhere.
8 - Easy access for your accountant
As an entrepreneur, you might have requested the services of an accounting firm to manage your finances. Well, Odoo can be accessible for your accountant to check the numbers, cash flow, invoices, payments and any other relevant data to deal with your bookkeeping. As the platform is super easy to use, this professional doesn’t need any particular technical skills to navigate through the data.
If you are looking for an accountant, we have compiled a list of trustworthy experts in our Accounting Firm Program that have the capabilities to guide you.
Interested in knowing all about Odoo’s Invoicing application for your business?
Contact us to have all the necessary information on Odoo’s Invoicing module, and all the other business applications that can help you manage your company smoothly. You can easily book an appointment with an Odoo expert to ask all your questions and get to see a demo of our software.
More information on e-Invoicing in Belgium
More information on e-Invoicing in Germany
More information on e-Invoicing in Spain
