In the ever-evolving African business landscape, staying compliant with tax regulations is crucial for maintaining smooth operations and avoiding penalties. Recently, the Rwanda Revenue Authority (RRA) and Zambia Revenue Authority (ZRA) have mandated the use of electronic invoicing, impacting businesses across Rwanda and Zambia. As Best Partner Africa 2023 and 2024, and Odoo Gold Partner, we offer tailored solutions to meet these new requirements seamlessly. We believe Odoo is the perfect ERP for SMEs in the African market, and we specialise in developing and customising applications to fit this unique business landscape.
Impact of New Tax Regulations
In May 2024, the RRA mandated all companies comply with new methods for generating electronic invoices. This presents a significant challenge for businesses that need to digitalise their financial processes quickly. Similarly, the ZRA is enforcing the use of electronic invoicing through its Smart Invoice system per January 2025. These regulations aim to ensure accurate tax reporting and compliance but require businesses to adopt advanced accounting software.
Our solution: the Odoo Connector
At Advance Insight, we provide an ideal solution with our custom Odoo Connector, designed to simplify compliance with electronic invoicing regulations in Rwanda and Zambia. Experience proves that our integration is more efficient and reliable than alternative solutions available in the market.
These are the benefits of our Odoo Connector:
- Automatic Reporting: Our Odoo connector automates the reporting process, eliminating the need for manual reporting, which is crucial for large companies issuing thousands of invoices daily.
- Compliance: Ensures businesses comply with the legal requirements set by RRA and ZRA, avoiding potential penalties or lawsuits applied by the respective governments.
- Efficiency: Streamlines financial operations, reducing the burden on accounting teams and improving overall efficiency.
- Robustness: Our connectors were designed to handle any special operation that your business model might have without ceasing to be compliant with EBM (RRA) or Smart Invoice (ZRA), ensuring stability and reliability.
Key Features of our Odoo Connector:
- Modular Design: Our connectors have built-in modules following Odoo's best practices. Install only what you need, avoiding unnecessary clutter.
- Always Up-to-Date: Our connectors are available on Odoo's latest version 17 (soon also v18) and certified on the latest versions (RRA EBM v2.1.2.0.1 - VSDC v1.0.5, ZRA Smart Invoice VSDC v1.0.4.1), keeping you ahead of the game. We will moreover continue to certify new versions over time.
- Fully Automated: Once set up, it handles all reporting to RRA/ZRA automatically, with no extra steps required.
- Self-Correcting System: Handles disruptions such as power outages or internet breaks by automatically correcting sales counters and retrying until successful, without manual interaction.
For businesses in Rwanda and Zambia, partnering with Advance Insight offers unparalleled advantages:
- Expertise: As a Best Partner Africa 2023 en 2024, and Odoo Gold Partner, we bring extensive experience and knowledge in implementing Odoo solutions tailored to the African market.
- Customisation: Our solutions are tailored to meet the specific needs of your business, ensuring seamless integration and compliance with among others local regulations, but also with Mobile Money (M-PESA, MTN, Airtel), USSD, offline data collections tools (such as Kobo Toolbox) and bulk SMS providers (such as AfricasTalking). Support: We provide ongoing support to ensure your systems remain compliant and efficient, adapting to any regulation changes.
In an increasingly digital world, staying compliant with tax regulations through efficient and reliable accounting software is crucial. Advance Insight's custom Odoo Connector for electronic invoicing is the perfect solution for businesses in Rwanda and Zambia.
Contact our team today to learn more about Odoo solutions and how we can help your business thrive in the evolving African market.