Why are so many Business Central companies choosing Holded or B2BRouter for e-invoicing?

Because most are multi-ERP SaaS tools that were either already installed or recommended by an advisor before dvfactura-e (a native AL extension for BC) was on their radar. They work, but they require maintaining a sync with BC: every issued invoice runs through two systems, the accounting entry is duplicated, and any regulatory change (Verifactu, Crea y Crece) means waiting for the SaaS vendor to implement it. For companies that already run BC as their ERP, dvfactura-e removes that double layer.

What's the key difference between Holded, B2BRouter, Cegid and dvfactura-e?

Holded is an all-in-one SaaS (ERP + invoicing + CRM) aimed at freelancers and small businesses without an ERP. B2BRouter is a platform specialised in delivering invoices to Spanish public administrations (FACe) via API. Cegid is a Spanish ERP + integrated invoicing aimed at accounting firms. EDICOM is the classic EDI platform for large enterprises with massive B2B flows. dvfactura-e is the only native AL extension for Business Central — it lives inside the ERP, with no connector or sync required.

If I already use Holded for e-invoicing, is it worth migrating to dvfactura-e?

It depends. If Holded is your ERP, no — stay with Holded. If Business Central is your ERP and you only use Holded to issue invoices, you have a redundant architecture: BC already manages customers, items, prices and accounting entries. Invoices should be issued from where the data lives. Migrating to dvfactura-e removes the sync, simplifies month-end close and reduces recurring cost. Migrations typically close in 3-5 weeks with redirects and historical data preserved.

Is B2BRouter a good option for B2G invoicing to FACe?

Yes, B2BRouter is very strong on B2G (e-invoicing to Spanish public administration via FACe). It's their niche — they've focused on it since 2014. But if you issue B2G invoices occasionally (a few orders per month to the administration) AND you already have BC, dvfactura-e covers FACe without needing an external platform. If you issue 100+ B2G invoices per month and need a sophisticated tracking portal, B2BRouter remains a valid option.

How much does each option cost for a mid-sized Spanish company?

Holded: B2B plan (includes e-invoicing) ~€30-50/user/month depending on plan. For 10 users that's €3,600-6,000/year. B2BRouter: from ~€150/month per user for B2G modules. Cegid: consultative pricing, typically €5,000-15,000/year including several modules. EDICOM: already in the €15,000-40,000/year range due to platform complexity. dvfactura-e: annual licence + implementation on quote, no per-user fee — 3-year TCO is usually 40-60% lower for companies running BC.

When does it make sense to stay with Holded/B2BRouter/Cegid and not move to dvfactura-e?

Three scenarios. One: your ERP is NOT Business Central (it's Holded or Cegid itself, or you have no ERP). Two: your business model is exclusively large-scale B2G (hundreds of invoices per month to public administrations) and B2BRouter's specialised portal adds real value. Three: you're in the process of migrating from BC to another ERP and you don't want to be tied to a native extension you'd lose on migration. If none of those apply, dvfactura-e is usually the efficient choice.

Volver a dvfactura-e

Finance

Holded, B2BRouter & Cegid vs dvfactura-e in Business Central

E-invoicing platforms compared: Holded, B2BRouter, Cegid, EDICOM vs dvfactura-e, the native Business Central option for Spain compliance.

8 min

Comparison of Holded, B2BRouter, Cegid and EDICOM against dvfactura-e for Business Central

If your company runs Microsoft Dynamics 365 Business Central and you’re evaluating an e-invoicing platform to comply with Verifactu, the Anti-Fraud Law, Crea y Crece and FACe B2G (Spain’s e-invoicing regulatory framework), you’ve walked into a market full of options — and every vendor claims to be “the best”.

This article compares, with no spin, the most popular e-invoicing platforms in Spain — Holded, B2BRouter, Cegid, EDICOM — against dvfactura-e, Davisa’s native Business Central extension. The comparison covers architecture, regulatory compliance, BC integration, TCO and when each one is the right fit.

Context disclosure: dvfactura-e is a Davisa Informática product. We’ve tried to keep this comparison as objective as possible — we call out what each competitor does well and where dvfactura-e delivers differential value. If your situation fits any of the others, we say so.

The 5 options at a glance

Dimension	Holded	B2BRouter	Cegid	EDICOM	dvfactura-e
Origin / positioning	Spain, all-in-one SaaS	Spain, B2G specialist	France, ERP + invoicing	Spain, classic EDI	Spain, native BC extension
Target companies	Freelancers, micro-SMB	Companies with heavy B2G	Accounting firms + SMBs	Large enterprises, massive B2B	SMBs/mid-market on BC
BC integration	External connector or manual	REST API + middleware	Generally no integration	Connector via consulting	Native AL, no connector
Verifactu 2026	Yes (once AEAT publishes)	Yes (compliance specialists)	Yes	Yes	Yes, AppSource certified
Crea y Crece B2B	Yes	Yes	Yes	Yes	Yes, with BC up to date
FACe B2G	Yes	Yes, specialists	Yes	Yes	Yes
FacturaE XSIG signed	Yes	Yes	Yes	Yes	Yes, integrated in BC
Approx. pricing (10 users)	€3,600-6,000/yr	€1,500-3,000/yr (B2G)	€5,000-15,000/yr	€15,000-40,000/yr	On quote, TCO 40-60% lower
ERP + platform double truth	Yes	Yes	No (if Cegid is your ERP)	Yes	No, single database
Month-end close effort	Manual reconciliation	Manual reconciliation	Integrated in Cegid	EDI reconciliation	Zero (already in BC)

Holded — the all-in-one SaaS

Holded is well known in Spain. It has a B2B plan that includes e-invoicing with QR code, FacturaE, and Verifactu/Crea y Crece compliance. For freelancers and micro-SMBs without an ERP, it’s excellent — everything in one place, friendly UI, quick start.

Where Holded fits well:

You don’t have an ERP and need a single system: sales + invoicing + accounting + CRM.
You’re a freelancer or you issue fewer than 10 invoices/day.
You want a single platform without thinking about integrations.

Where Holded falls short if you already have BC:

You duplicate the customer master: BC has the customers, Holded has its copy. Whenever one changes, you have to sync.
You duplicate the accounting entry: Holded posts in its own ledger, BC posts its own. Every month-end means reconciling two systems.
Customer-specific pricing/discount rules that live in BC don’t replicate easily into Holded.
Verifactu and future regulations depend on when Holded implements them. If your BC is already compliant via dvfactura-e, you don’t wait.

If your ERP is BC, keeping Holded “just for invoicing” is usually redundant architecture.

B2BRouter — the B2G specialist

B2BRouter is the reference option for companies that invoice heavily to public administrations (Spain’s public-sector e-invoicing platform FACe). They’ve been B2G e-invoicing specialists since 2014 and know the quirks of each regional gateway (Catalan, Aragonese, Basque, etc.).

Where B2BRouter fits well:

Your business model is primarily B2G (construction, engineering, healthcare supplies).
You need an advanced tracking portal for the status of every invoice delivered to the administration.
You issue 100+ B2G invoices/month and need the pro features of their platform.

Where B2BRouter falls short if you already have BC:

B2BRouter works via API — you send the invoice from your ERP, they sign it, deliver it to FACe, and return the acknowledgement. That means middleware or custom development to connect BC ↔ B2BRouter, with a recurring annual cost.
If you issue few B2G invoices/month, B2BRouter’s cost doesn’t pay back — dvfactura-e covers FACe natively from BC at no extra cost.

Cegid — French ERP + integrated invoicing

Cegid is a full ecosystem (ERP + payroll + accounting + invoicing) widely deployed in Spanish accounting firms and SMBs. If your ERP is Cegid, its integrated e-invoicing module is the natural choice.

Where Cegid fits well:

Your ERP is Cegid (not Business Central). Their integrated e-invoicing is solid, no surprises.
You work with an accounting firm that already uses Cegid Despachos for your books.

Where Cegid doesn’t apply if your ERP is BC:

Cegid isn’t a BC product. Going with Cegid means switching ecosystems.

EDICOM — classic EDI for large enterprises

EDICOM is the traditional EDI platform for large enterprises with thousands of monthly B2B invoices (retail chains, automotive, large retail). Its value is connecting via EDI with the big customers that mandate this format.

Where EDICOM fits well:

You supply large chains (Mercadona, El Corte Inglés, automotive) that mandate pure EDI.
You have a dedicated IT team focused on B2B integrations.
Volume justifies the cost (€15,000-40,000/year minimum).

Where EDICOM falls short for mid-market SMBs:

TCO is high for companies issuing < 500 invoices/month.
The EDICOM ↔ BC integration requires consulting and ongoing maintenance.

dvfactura-e — the native BC option

dvfactura-e is an AL extension inside Business Central, developed by Davisa (Microsoft Solutions Partner for BC since 2003). It’s not a standalone product — it lives inside the ERP.

What it covers:

✓ Verifactu (Spain’s e-invoicing certification regulation issued by AEAT) certified.
✓ Anti-Fraud Law (record chaining, sealing).
✓ Crea y Crece (mandatory B2B e-invoicing with a phased rollout calendar).
✓ FacturaE / XSIG digitally signed.
✓ FACe B2G integrated (no external platform needed for normal volumes).
✓ QR code on invoices (mandatory under Verifactu).
✓ TicketBAI for the three Basque provinces.

What it does NOT need:

✗ Connector with your ERP — it lives inside the ERP.
✗ Scheduled sync — it reads data from BC’s native model.
✗ Duplicate customer / item / pricing masters.
✗ Monthly accounting reconciliation between BC and an “external platform”.
✗ Waiting for a SaaS vendor to implement the next tax reform — Davisa updates dvfactura-e in line with AEAT publication.

Real 3-year TCO — the math that matters

A mid-sized Spanish company (50 employees, 1 BC, ~3,000 invoices/year, B2B + occasional B2G). Typical 3-year TCO:

Option	Approximate 3-year cost
Holded (invoicing only) + keeping BC	€15,000-22,000 (Holded licences) + internal reconciliation hours
B2BRouter API + middleware with BC	€10,000-18,000 (licences) + €8,000-15,000 (middleware + maintenance)
Cegid invoicing + replacing BC	€60,000-120,000 (full ERP replacement)
EDICOM + BC connector	€50,000-120,000 (licence + integration)
dvfactura-e	On quote, typically 40-60% lower than the cheapest option above

The main savings drivers for dvfactura-e: zero recurring middleware cost, zero hours spent reconciling two systems, direct support from your BC partner.

When to pick each one — no spin

Holded → if you have NO ERP, or your ERP is Holded itself. B2BRouter → if your model is high-volume B2G and you need a specialised portal. Cegid → if your ERP is Cegid (doesn’t apply if it’s BC). EDICOM → if you’re a large supplier to chains that mandate EDI. dvfactura-e → if your ERP is Business Central and you want a single database.

Real case: Holded → dvfactura-e migration

Davisa customer (2025): industrial services company, 35 employees, BC since 2020, Holded for e-invoicing since 2023. Before:

€4,200/year on the Holded B2B plan.
~3h/month of accounting reconciliation (someone cross-checks Holded invoices against BC for close).
Every new regulation (Crea y Crece, Verifactu) meant waiting to see “when Holded would implement it” before being able to comply.

Migration to dvfactura-e in 4 weeks. 12-month result:

Zero reconciliation: the invoice is born in BC, lives in BC, and is delivered from BC.
Month-end close: −2 days/month (no need to balance two sets of books).
Annual TCO: −58% vs Holded.
Verifactu: compliant on day one of the regulation taking effect, with no third-party wait.

Closing — decide based on your company

Holded, B2BRouter, Cegid and EDICOM are solid platforms for the profiles they fit. For companies running Business Central as their ERP, dvfactura-e removes the double layer and is usually the more efficient choice, both in TCO and operational simplicity.

Want a firm comparison built around your specific case (invoice volume, B2B/B2G mix, current systems)? Talk to a Davisa advisor — you’ll have a firm proposal in under a week.