Basware launches e-invoice receiving and validation solution

Thursday 25 March 2021 13:28 CET | News

Basware has announced it is now offering a fapiao-compliant e-invoice receiving and validation solution. 

Via its Chinese partner, Shanghai Yodoo Information & Technology, Basware connects its network to the Golden Tax System (GTS), enabling the validation of all local VAT invoices, known as fapiaos, against the GTS interface.

The Basware solution adds China-specific functionality for the GTS validation step allowing customers to detect invalid invoices. It is also able to process the VAT e-invoice, which the State Taxation Administration of China piloted in 2020 and rolled out to the whole country as an option at the beginning of 2021.

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Keywords: e-invoicing, product upgrade
Categories: Banking & Fintech
Countries: China
This article is part of category

Banking & Fintech