E-invoicing trend likely to benefit small businesses in the UAE

The UAE’s e-invoicing mandate presents a host of benefits for SMEs, extending well beyond mere VAT compliance, an expert said.

- Somshankar Bandyopadhyay

Adhering to Federal Tax Authority regulations is important, but the true advantages lie in enhanced operational efficiency and financial transparency. By automating the invoicing process, businesses can significantly reduce manual errors, save valuable time, and allocate resources more effectively.

“E-invoicing expedites invoice generation, streamlines payment tracking, and shortens payment cycles, which are crucial for maintaining a healthy cash flow. Moreover, digital invoices are easier to store, access, and analyse, providing SMEs with valuable insights into their financial performance. This shift not only promotes organisation but also fosters professionalism and trust by ensuring accurate, timely, and transparent communication with customers and suppliers. For SMEs, embracing e-invoicing is not just an upgrade; it’s a transformative strategy for optimising processes and strengthening commercial relationships,” Ayman Kaouri, co-founder & regional director - Middle East,

Scope Solutions, told Khaleej Times in an interview.

E-invoicing is the electronic exchange of invoices between businesses in a standardised format, replacing traditional paper processes. It ensures accuracy, streamlines compliance, and makes VAT reporting far more efficient.

Scope Solutions, founded in 2012, is a leading tech partner and cloud specialist.