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The mandatory nature of digital invoicing will affect nearly 3 million SMEs

As we have already announced, the approval of the Create and Grow Law has meant, among other things, that electronic invoicing is mandatory for SMEs and the self-employed. According to data from Yotramito, the measure will affect about 3 million Spanish SMEs.

Many of these SMEs and freelancers are unaware that electronic invoicing is already a legal imperative, and many others, despite knowing it, they don’t have the necessary tools or knowledge to establish the solutions that allow them to automate this process. The Digital Kit, an aid package of 3,000 million euros from the European Union, can be a life jacket for many of these companies.

Yotramito, a company specialized in accompanying SMEs and the self-employed in the identification and processing of grants and subsidies through the Internet, speeds up and simplifies the process until they get the money.

In total, there are already commitments to SMEs a total of 1,388 million euros from the Digital Kit, that have not yet been distributed. The scant digitization of public administration and the limited training of civil servants – the training of 800 public employees in the Digital Kit was announced but it has only been trained to 200– are behind these figures.

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Yotramito has claimed greater fluidity in communication with public administrations to improve all those aspects that make it difficult for companies to access aid.

Open the second call for the Digital Kit

The organizations 3 to 9 employees now have a total of 500 million euros at their disposal, at a rate of 6,000 euros for each micro-SME, as established in the bases of the second phase of the Digital Kit. In total, these grants can be requested by 425,000 Spanish companies.

They will be able to order them for the next 12 months. To date, less than 20% of the grants from the first phase of the Digital Kit have been delivered, largely due to the complexity of the processes involved in requesting grants. Only 53% of SMEs with between 10 and 49 employees requested aid in the first phase, which has been extended for six more months.

We are facing a historic occasion after an unprecedented pandemic in the modern world and at the gates of a crisis. The Digital Kit not only aims to accelerate the Spanish business fabric economically, but also to modernize a country completely and make it more competitive in a global world, in which SMEs no longer only compete in their own country, but on a global scale. Yotramito plays a fundamental role in this regard. Our role is to help SMEs, micro-enterprises and the self-employed to process public subsidies of any kind”Explain Alfred Colombano, COO of Yotramito.

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