Government solution
eFaktura World
eFaktura World, next generation government electronic invoicing solution, is Banqup Group’s national electronic invoicing and continuous transaction control (CTC) platform, developed to support governments all around the globe.
eFaktura World project and implementation
eFaktura World has been designed to support governments worldwide and any electronic invoicing model. The solution was crafted in 2023, following EU standards and best practices from already implemented Serbian and Estonian projects.
The platform is distinguished by its modern architecture focused on modularity, integrability, scalability and adaptability. eFaktura World utilises a microservice architecture based on the EN-16931-1 invoicing semantic model, complemented by mapping to the UBL structural model.
eFaktura World is a ready to deploy solution, thoroughly tested and proven in practice.
eFaktura World supports different government models
Governments can capitalise on eFaktura World's versatility and its endorsement of various electronic invoicing models for governmental operations, including...
Real-time reporting
Clearance
Centralised and decentralised CTC exchange
Incorporating the Peppol infrastructure
Key attributes and characteristics
How eFaktura World stands out
Tailored to meet the diverse needs of governments, eFaktura World is engineered to provide governments with enhanced availability, robust security, scalability, adaptability and modularity.
Take a look at the solution’s key features:
Multi-component software system with independent and reusable components.
Configurable solution: System components can be turned on and off around the core system, which allows adaptation to any model for automated tax reporting and invoicing.
Implementation and customization of elements that are country-specific or applicable to local best practices.
Ability to attain fiscal objectives for capturing invoice data in the tax platform, with the support of certified service providers operating on a decentralized basis.
Possibility to deploy in multiple jurisdictions and support indirect tax controls for domestic, cross-border and multi-country operations.
Benefits of eFaktura World for governments and tax authorities
Take a look at the governmental benefits arising from the implementation of eFaktura World’s electronic invoicing and reporting system.
Increase tax compliance
Reduce the VAT gap
Improve fiscal transparency
Save time and costs
Leverage data analytics and policy insights
Facilitate efficient trade with key integrations
Environmental gains
Facilitate international trade
USP
Why Banqup Group’s government solution?
Ready to deploy solution - available, secure, scalable, adaptable, modular
Thoroughly tested and proven in practice solution
Experience in the production of government e-invoicing systems and architecture models
Customization, improvement and upgrade
Strong project management
Consultancy on legal and tax regulations
Experts in developing commercial electronic invoicing solutions and ecosystems
Maintenance and support 24/7 availability
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Discover eFaktura World in the latest Billentis report
Gain a further understanding of eFaktura World and the initial project with the Serbian Ministry of Finance in the latest Billentis report.
The Billentis report consists of an expert analysis of electronic invoicing market trends and valuable insights for any government or business looking to learn more about regulation developments.