Medius Achieves Final Certification as Approved Platform for French E-Invoicing Reform

Medius Achieves Final Certification as an Approved Platform for French E-Invoicing Reform

Medius, a frontrunner in accounts payable automation and expenditure management, is thrilled to announce that it has successfully obtained final certification from the French General Directorate of Public Finances (DGFiP) as an Approved Platform. This certification marks a significant milestone as France moves towards the mandatory electronic invoicing reform, aimed at enhancing fiscal transparency and compliance across various business sectors.

The certification emphasizes Medius' capacity to assist medium-sized and large enterprises in adhering to the new regulations governing electronic invoicing, which mandate not only the issuance and receipt of invoices but also the electronic reporting and secure transmission of fiscal data. While much of the focus remains on the traditional customer and supplier invoices, it's important to note that other financial documents, like expense reports, are equally critical as they are officially recognized accounting documents. Through its innovative solutions, Medius automates both incoming and outgoing invoices while also incorporating the handling of expense reports as defined by the reform. This comprehensive automation aims to streamline significant business processes, aligning them with modern compliance regulations.

Moreover, Medius now stands as a certified player in the innovative Continuous Transaction Controls (CTC) model, often referred to as the '5-corner' model in France. This cutting-edge, interoperability-driven model promotes seamless exchanges via Approved Platforms (PA), coupled with ongoing transmission of vital fiscal data to governmental bodies through the Public Invoicing Portal (PPF). Under this framework, distinct channels separate business flows—including invoices, payments, and orders— from fiscal flows involving aspects such as VAT and transaction amounts, which are transmitted directly to authorities. The dual flow system aims to empower governments to strengthen tax oversight while enabling businesses to embrace enhanced automation and optimization of their financial operations.

Furthermore, this model aligns with the impending European ViDA regulation (VAT in the Digital Age), laying the groundwork for a fiscal ecosystem that is sustainable and anticipates the broader implementation of AI technologies in finance. As businesses increasingly adopt digital transformations, Medius' certification reinforces its pivotal role in supporting this shift, merging tax compliance with streamlining Procure-to-Pay processes and expense management, all while leveraging AI for improved efficiency, transparency, and reliability.

In summary, the recent achievement of certification positions Medius as a crucial partner for businesses aiming to navigate and conform to the evolving landscape of electronic invoicing in France. By prioritizing compliance while concurrently enhancing digital processes, Medius stands ready to assist enterprises in harnessing the benefits of automation in finance.

For additional information, please reach out to Dan Bird at Fight or Flight via email at [email protected] or [email protected]