MyDATA is not just a DXA system.

It is the way the business “looks” tax-wise — in real time.

In practice, myDATA is the platform of e-books, where the revenues and expenses of each business are recorded. Each document issued or received is transmitted digitally and reflects the overall financial picture of the company

And that's where the logic changes.

Until now, the image of the company was formed in retrospect. With concentrations, audits and corrections.

With myDATA, the image is formed at the moment when the transaction occurs.

This means that there is no room for inconsistency.

If a document is not transmitted correctly, if there is an error in the characterization, or if there is a difference in the data, the problem will not be seen at the end.

He'll show up right away.

That'swhy myDATA is not just an obligation.

It is a system that requires accuracy and consistency in operation.

Each transaction must be correctly recorded. To be linked to the rest of the business data. And transmitted in the right way, either through ERP or through an e-invoicing provider

And therein lies the real challenge.

Because myDATA does not create errors.

He reveals them.

If the business operates with piecemeal information, with manual procedures or without a single image, the system will simply show it.

And that's what makes it difficult for most businesses.

They try to "comply" technically, without having organized their operation.

In practice, however, compliance is not a matter of sending data.

It's a matter of proper flow of information.

If you want to see how this flow is organized in the overall operation of the business, you can see an integrated approach in the ERP for Business.

When the function is properly organized, myDATA ceases to be a problem. The data is transmitted automatically, the image is consistent and the business has full control.

There are no discrepancies.

There are no “last-minute fixes.”

There is consistency.

At the same time, because all the data is gathered, an important opportunity is created. They should not only be used for compliance, but also for better decisions.

There comes to connect the utilization of information through Business Intelligence & Reporting, so that the data is transformed into an image and not just an obligation.

And because myDATA starts from the transaction itself, proper recording from the beginning is critical. In this logic, the process is directly linked to the E-invoicing, so that the data is correct before they even reach the transfer.

So if you want to understand what myDATA is, it's not just “e-books”.

It is the way in which the business operates with transparency, consistency and control.

And this is not a matter of tool.

It's a matter of organization.