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"3 Ways Automation Simplifies the Complexity of VAT Compliance"

This playbook explores the advantages of an e-invoice over a digital one, and why a cloud-based e-invoicing system is essential.

Every CFO of a multinational organization knows this: Adhering to value-added tax (VAT) regulations in countries across the globe is a complex challenge. Each country that charges VAT does it differently—and the regulations vary widely. As a result, VAT compliance is a labor-intensive process prone to errors.

But that’s not the only challenge. To grow revenues through better compliance, European Union member states are establishing standards that require companies to use e-invoices in transactions with other businesses and the government. And like VAT itself, it can look different from one country to the next. In this playbook, learn how to simplify VAT compliance with a cloud-based e-invoicing system that provides:

• real-time and periodic reports of the latest standards and regulations
• electronic archives of approved invoices and supporting materials
• continuous transaction controls at every stage of the process.

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