Helping founders incorporate across Europe

The business services company integrates Space Invoices to expand their feature set with a convenient invoicing solution.

In the digital age, businesses are increasingly looking to expand internationally. However, managing operations in a foreign country introduces specific challenges. Enty provides a solution with its comprehensive control panel, enabling businesses to remotely open and manage companies in different countries. In addition to helping with incorporation, Enty offers invoicing and other online administrative tools, essential for managing the complexities of cross-border business activities.

The Challenge

As Enty evolved and expanded its role in facilitating remote business operations, it encountered new challenges. Recognizing a recurring request from their customer base, Enty decided to integrate invoicing capabilities into their suite of services, addressing a critical need for both their own operational framework and their clients' demands. This development was not just about implementing an invoicing system within Enty; it was also about delivering a comprehensive invoicing solution that their clients could rely on for their remote business activities.

They had to face 3 main challenges:

- Build vs. buy dilemma
- Risk of integrating an invoicing system
- International clients

Build vs. buy dilemma

Enty was confronted with the decision to either develop a custom invoicing solution or adopt an existing one. Developing a bespoke solution presented significant time implications, potentially requiring up to a year to create an invoicing app, with additional time needed to accommodate the varying tax and invoicing regulations of different countries. This extended development period also implied substantial financial investment in developer salaries. In contrast, opting for an existing integration solution emerged as a more cost-effective alternative.

Risk of integrating an invoicing system

Developing an in-house invoicing API offers tailored branding, ease of data navigation, and compliance with necessary tax and e-invoicing regulations. However, it's a time-intensive and costly process, requiring months or even years and significant investment in software engineering talent. Conversely, adopting a ready-made market solution carries its own risks. Many lack white-labeling capabilities, offer only local solutions when cross-border invoicing and scalability are needed, and present substantial commitment risks. Selecting the wrong invoicing system can lead to a lengthy and unclear implementation process, consuming valuable time and resources, only to discover it's ill-suited for the company's needs and challenging to decommission.

International clientele

For a client base engaged in international business, compliance with varied tax laws and support for cross-border transactions became essential requirements for the invoicing API. This situation necessitated a dependable invoicing app, maintaining compliance with diverse international tax regulations, and enabling smooth expansion into new markets. A significant challenge encountered was that most available invoicing apps were designed for local, rather than international.

"Our core service of assisting in establishing and remotely managing companies would be incomplete without the ability to issue invoices."

The Solution

After conducting thorough market research, Enty chose to partner with Space Invoices. The decision was mainly influenced by 3 key factors:

- Cost-effective white-labeled invoicing platform
- Risk-free implementation
- Broad country coverage

Cost-effective invoicing platform

Enty swiftly completed the integration of Space Invoices' invoicing API within a matter of weeks, resulting in significant reductions in both time and financial resources, especially when contrasted with the prospect of developing it in-house. This integration not only conserved time, but also efficiently addressed the need to incorporate a range of tax and invoicing regions.

Risk-free implementation

Space Invoices' clear and comprehensive documentation facilitated a smooth setup, simplifying the implementation process. This efficiency enabled the rapid deployment of a full invoicing solution for their clients in just a few weeks. The quick implementation allowed for immediate testing of customer engagement and the ability to outsource maintenance tasks. Furthermore, the risk factor was minimized by offering a free trial, coupled with the option for straightforward disconnection from the service in case it didn't match Enty's specific needs.

Broad country coverage

Enty's international client base necessitated a solution that could accommodate invoicing in different markets and facilitate easy cross-border expansion. Space Invoices' invoicing platform, already supporting a list of 65 countries complete with necessary certifications and undergoing monthly expansion, presented itself as a viable option for Enty to meet these requirements.

The Results

This strategic partnership with Space Invoices has positioned Enty as a leader in the field of global business management. The collaboration enables Enty to concentrate on its fundamental objective: streamlining international business processes and aiding companies in flourishing within the global market. In addition to providing a robust solution for managing companies overseas, Enty now incorporates invoicing features for their clients' incorporated businesses. This addition has enhanced customer retention and introduced a new revenue stream, augmenting their core business.

"We were able to accelerate our time-to-market and make our product more valuable to our customers."