Savo Medenica s.p. & DDD Invoices Partnership

Last modified on 2024-05-27 in Case Studies

Background

Savo Medenica s.p. is a specialized accounting software provider serving communal and utility companies in Montenegro that are focusing on water supply, heating, and canalization services. Their client base includes utility companies, such as:

• Komunalne Djelatnosti Gusinje Vodovo i Kanalizacija
• Kolašin Komunalno i Vodovod
• Žabljak Komunalne Djelatnos Plav
• Komunalno-Kolašin Gradac
• Komunalne Usluge Podgorica
• Kop Group DOO
• Evrokop DOO
• In Monte DOO
• Bulatović Trans Kop DOO
• Krismar Ravni Company DOO
• Boter Co DOO
• and others

In response to recent regulatory changes in Montenegro mandating fiscalized invoicing, Savo Medenica s.p. sought a reliable and scalable solution to ensure their clients’ compliance.

Challenge

• Regulatory Change: Montenegro introduced fiscalization requirements that mandated all invoices to be compliant with government standards, requiring real-time reporting to tax authorities.
• Transition to Standardization: Savo Medenica s.p. initially relied on a localized solution but needed to transition to a standardized API for greater efficiency and scalability.

Solution

Savo Medenica s.p. partnered with DDD Invoices to integrate a fiscalization solution directly into their accounting software. The integration process included:

1. Phase 1: Local Solution Implementation

   • Initially, Savo Medenica utilized a localized solution provided by DDD Invoices to fulfill immediate fiscalization needs for their clients.
   • This ensured continuity and compliance during the early stages of regulatory enforcement.

2. Phase 2: Transition to Standardized API

   • DDD Invoices offered a standardized API that enabled seamless compliance for all client invoices.
   • The API integration streamlined real-time communication with Montenegro’s tax authorities, ensuring immediate and accurate reporting.

3. Personalized Monthly Support

   • DDD Invoices provides on-site and remote support in Montenegro, offering direct assistance to Savo Medenica’s team and their clients.
   • This support ensures quick resolution of issues and a smooth transition to the new system.

Results

1. Regulatory Compliance

   • All invoices issued by Savo Medenica’s clients are now compliant with Montenegro’s fiscalization laws.
   • Real-time reporting to tax authorities eliminated risks of non-compliance.

2. Streamlined Operations

   • The switch to a standardized API improved operational efficiency, reducing manual interventions and errors.
   • Clients benefited from a seamless, automated invoicing process integrated into their existing workflows.

3. Client Satisfaction

   • Continuous support and training enhanced client confidence and trust in Savo Medenica s.p.’s solutions.
   • The improved system reduced administrative burdens for utility companies, allowing them to focus on their core operations.

Conclusion

The partnership between Savo Medenica s.p. and DDD Invoices exemplifies how regulatory challenges can be transformed into opportunities for innovation and efficiency. By transitioning from a localized solution to a standardized API, Savo Medenica ensured their clients’ compliance while streamlining their operational processes.

Reach out to DDD Invoices for a similar solution tailored to your business.