What checks can Finmatics perform on invoices?

Finmatics performs the following checks for all documents:

• Duplicate check

For invoices, Finmatics also performs the following checks and returns an error if not present:

• Name and address of the service provider/supplier
• Payment for the service/delivery (gross incl. VAT)
• Tax rate or reference to exemption or transfer of tax liability
• Date of issue
• Tax amount (and remuneration - net)
• Consecutive invoice number

Extended invoice checks: The following checks can be activated by Finmatics support and will return a warning in the frontend:

• Period of performance or date of delivery
• Name and address of the recipient
• UID number of the service provider/supplier
• UID number of the recipient

The basis for the extended invoice checks is a high quality of the master data.