THE IMPACT OF INTEGRATING E-INVOICES WITH ERP SYSTEM ON THE ECONOMY OF THE REPUBLIC OF SERBIA
DOI:
https://doi.org/10.24867/31OI01DelcevKeywords:
E-invoice, ERP, Digitization, Automation, Standardization, Transparency, SMEs, Competitiveness, European standards, Economy of SerbiaAbstract
Digitization of business drives economic development, especially in the context of global competitiveness. By introducing e-invoices, Serbia is laying the foundations for more transparent business operations and harmonization with European standards. Integration of e-invoices with ERP systems contributes to optimization through automation, standardization and control of financial transactions. Through the analysis of the best practices from the countries of the European Union, the work indicates the potential benefits for small and medium-sized enterprises in Serbia, for which the einvoice system can provide savings and improve business transparency. The research results emphasize the role of the ERP system as a foundation for digital transformation, which increases the competitiveness of the economy of the Republic of Serbia on the international market.
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