IMPACT FACTOR : 5.212

INNOVATIVE APPROACHES TO E-INVOICING IN EUROPEAN AND LATAM MARKETS (KEY IJW**********539)

• Phanindra Kumar Kankanampati, Vishwasrao Salunkhe, Pronoy Chopra, Er. Aman Shrivastav, Prof.(dr) Punit Goel, Om Goel

Abstract

The rapid evolution of digital technologies has transformed invoicing practices across global markets, with a particular focus on European and Latin American (LATAM) regions. This study explores innovative approaches to e-invoicing, examining the unique challenges and opportunities present in these diverse markets. In Europe, the regulatory landscape mandates electronic invoicing for public procurement, promoting interoperability and compliance across member states. Conversely, LATAM countries are witnessing a surge in e-invoicing adoption driven by tax compliance and fiscal transparency initiatives.Through comparative analysis, this research identifies key innovations such as automated workflows, real-time data analytics, and blockchain integration, which enhance the efficiency and security of e-invoicing systems. Furthermore, it highlights the role of digital platforms in facilitating cross-border transactions, addressing issues related to currency exchange and varying tax regulations.The findings suggest that while European markets benefit from established frameworks and technologies, LATAM markets are leveraging e-invoicing to foster financial inclusion and reduce operational costs for small and medium enterprises (SMEs). By synthesizing best practices and technological advancements, this study provides actionable insights for policymakers and businesses seeking to optimize their invoicing processes. Ultimately, the research underscores the significance of collaborative efforts among stakeholders to harness the full potential of e-invoicing, paving the way for more streamlined and transparent financial operations in both regions.