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As you may know already, the European Commission issued the EU Directive 2014/55/EU, which mandates using a standardised electronic invoicing format for all public procurement processes across EU member states.

It is safe to say that over the last few years, electronic invoicing has become essential for companies of all sizes. The process of sending, receiving, and storing invoices in a digital format is increasingly popular.

Understanding VAT invoice requirements is essential for businesses operating within the European Union and beyond because VAT invoices serve as critical documents for both sellers and buyers.

Amid rising AP fraud, automation emerges as a key defense. Discover how AI-driven tools can transform your accounts payable processes, minimizing risks and fortifying your financial security against evolving threats.

While OCR digitizes invoices, it falls short in accuracy and context. Discover how AI’s deep understanding and continuous learning revolutionize invoice processing, driving efficiency and precision beyond what traditional OCR can achieve.

Unlock unparalleled efficiency and accuracy with digital invoicing. Transition from cumbersome paper processes to seamless e-invoicing and transform your accounts payable with AI-driven automation.

Discover how Yokoy’s AI-powered spend management is revolutionizing finance: automate tedious tasks, eliminate fraud, and enhance accuracy—all while scaling effortlessly with your business.