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E-Fatoorah Generator
In Tax compliance
E-Fatoorah Generator is an end-to-end solution to support your e-invoicing compliance needs in the Kingdom of Saudi Arabia.
The tool can extract, convert, test, transmit and store e-invoicing data in the Kingdom. It can also seamlessly integrate with EY’s VAT return preparation process, to deliver a comprehensive approach to VAT compliance.
What EY can do for you
The introduction of e-invoicing represents a significant development in the transformation of the digital and tax landscape in the Kingdom of Saudi Arabia.
Businesses need to address various challenges associated with e-invoicing compliance:
- ERP and billing systems configuration
- Integration with the tax authority platform
- Impact on existing data, processes and people
- Interaction with overall VAT and tax compliance
Solution benefits
Key benefits of E-Fatoorah Generator:
- Mature and tested
Similar EY e-invoicing solutions have been deployed globally and are widely tested in mature jurisdictions - Customized solution
E-FG can be customized based on your needs, including integration with your ERP and billing environments - Non-disruptive
E-FG is a non-disruptive tool, which is easy to deploy and keeps costs in check - Local data hosting and processing
E-FG is hosted on servers located in the Kingdom of Saudi Arabia, and data does not leave Kingdom when being processed
Solution features and functionality
Key features of E-Fatoorah Generator:
- Tax authority integration
E-FG provides a seamless integration with the tax authority’s platform, with a number of options for data transmission - Data validation and analytics
E-FG will perform real-time validation of invoice data, applying advanced analytics and tax logic - Insightful reports
E-FG provides insightful and intuitive reports and dashboards, which are essential in proactively managing e-invoicing compliance and tax risks - Security credentials
E-FG will be compliant with specific ISO and SOC certificates and hosted on a CITC approved Class C cloud in the Kingdom of Saudi Arabia – the highest security rating available in the Kingdom to date - Comprehensive approach to VAT compliance
EY can provide a comprehensive approach to VAT compliance, by integrating e-invoicing and the VAT return preparation process
E-Fatoorah Generator is expected to follow the process outlined below to transmit and validate e-invoicing data:
Why EY
E-FG is a local deployment of a global solution, which has been adopted by businesses in jurisdictions with existing e-invoicing regimes.
Our solution can be customized to the needs of your business to provide a seamless compliance experience.
Connect with us for more information and to request a demo
FAQs
The team
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