x4finance VIES Integration

VIES Integration

The VAT Information Exchange System (V.I.E.S.) is a digital platform that allows European Union businesses to quickly verify the VAT registration numbers of their business counterparts. The system offers name and address details (except for Germany) and confirms the validity of VAT numbers through an online service for all EU member states.

The x4finance VIES integration leverages the VIES interface to maximize efficiency and precision for users of Microsoft Dynamics 365 Finance.

Key Features:

• Verify the validity of VAT numbers for vendor and customer master data.
  
• Verify the validity of VAT numbers for all outbound and inbound invoices.
• Automate the creation of customers and vendors using solely the VAT number.
• Source name and address details directly from the VIES system.
• Option to use the VAT number as an identifier for customers or vendor
  
• Text conversion capabilities for various alphabets, such as converting Cyrillic to Latin.

Benefits:

• Faster creation of suppliers and customers
• Save of users' time and effort
• Reduction of user errors
• Compliance with EU regulation and local laws
• Reduction of the risk of incorrect VAT application