Even with 195 countries across the globe, today, our world can feel like a small place. We live in a time when you can instantaneously communicate with people who are on the other side of the planet. The digitalization of commerce means that we can quickly buy goods from all over the world. And with teleconferencing, we can even purchase services globally without the additional cost of travel. As consumers, the web has drastically changed our expectations of how and where we can transact business. Whereas global expansion used to be for big multinational brands who had the resources to address the complexities of serving local markets, the internet has made globalization a must for companies of all sizes.

While global expansion has many strategic advantages, such as a broader reach, new suppliers, and more revenue streams, it also introduces significant complexity. Trying to compete online in foreign markets or open offices in new countries can make you quickly realize the vastness of our world. With different languages, currencies, date formats, time zones, regulations, laws, taxes, banking requirements, and cultural differences—you need the right adaptation strategies to seize the opportunities provided by effective global operations. Learn what’s new in Microsoft Dynamics 365 Finance and Globalization in our product updates.

Simplify global operations

At Microsoft, we are helping companies by making it easier for businesses to manage complex global operations, expand more efficiently, and operate more effectively around the world. The Microsoft operations apps include built-in localization and regulatory support for 43 countries and regions and are translated into 48 languages, with partners worldwide providing additional localization solutions (over 50 plus localization extensions have been published on Microsoft AppSource). And with the 2021 release wave 1, we are doing even more to help organizations manage their global operations with global expansion support, new electronic invoicing, and tax calculation services.

Expand globally with more out-of-the-box localizations

We extended support to five new countries and regions in October 2020, and we will be adding support for Egypt in May. We will continue to expand our support for country localizations, targeting regulatory requirements and languages based on demand and market opportunities.

Go paperless with electronic invoicing

Many governments now require electronic invoicing as it reduces tax fraud and accelerates the invoicing process. Businesses are also moving to electronic invoicing as it lowers costs and reduces manual data entry while also improving traceability and reducing end-to-end processing time.

Electronic invoicing also allows companies to quickly adapt systems and processes to what can often be an ever-changing regulatory environment. As a means of digitizing tax and minimizing tax evasion and fraud, governments are increasingly implementing mandatory e-invoicing, forcing buyers and sellers to register invoices with tax authorities electronically when a transaction occurs. Whether you are entering new markets or evolving software to meet new government regulations, e-invoicing provides substantial benefits to your business.

The updated electronic invoicing will roll out for Dynamics 365 Finance, Dynamics 365 Supply Chain Management, and Dynamics 365 Project Operations with other applications to follow in subsequent releases. The new hyper-scalable multitenant service enables configurable formats, processing of electronic invoice documents, and configurable document exchange. The new service allows companies to:

  • Provide a consistent experience in electronic invoice processing and exchange across different geographies.
  • Quickly and cost-effectively configure and exchange electronic invoices in the required local formats for business-to-business and business-to-government transactions.
  • Accelerate invoice delivery by going paperless, speeding up processes, and improving traceability with configurable electronic invoice documents and exchanges.
  • Simplify adherence to the latest electronic invoicing standards in different countries and regions.

Learn more about how electronic invoicing expands capabilities for Dynamics 365 business applications, or visit our electronic invoicing overview.