Invoq is more than an invoice scanner
Invoq does more than read invoices. It runs approvals, checks suppliers in VIES and Ariregister, files the KMD, and exports to your ERP.
Most people assume an invoice AI just reads a PDF and pulls out the numbers. Invoq does read the invoice, but that is the easy part. Most of an accountant's month goes into what comes next: reviewing the invoice, checking the supplier, deciding the VAT treatment, filing the return, and getting everything into the accounting system. Invoq handles that whole process.
Approvals
An invoice has to be reviewed and approved before it is booked. In Invoq, every invoice moves through set steps, from extraction to review to approval to booking, and the right person signs off at each stage. You can see where any document stands, and nothing is booked without an approval.
Supplier and VAT checks
Before you trust an invoice, you want to know the supplier is real and its VAT number is valid. Invoq checks both. It validates the EU VAT number against VIES and confirms the company in the Estonian Business Register (Ariregister). There is no copying numbers into a government website by hand, and when something does not match, Invoq flags it.
KMD filing
Most tools give you the data and leave the tax return to you. Invoq prepares the KMD too. It classifies the VAT, fills the return and the KMD INF annex, and lets you file it to the EMTA. The return becomes the last step of the same process, not a separate job at month end.
ERP export
Even when everything else is automated, one manual step usually remains: re-typing the approved data into your ERP. That handoff is slow and easy to get wrong. Invoq connects to the ERP systems most used in Estonia, including Merit and SimplBooks, and sends the approved data across. Nothing gets re-typed.