Country government entities are increasingly setting up mandated invoice flows so they get to see and book an invoice before the payer does in an effort to close an estimated $500 billion global VAT Gap.
Success stories in Mexico, Brazil, and currently France have meant e-invoicing mandates are being adopted by more countries and pushed out further in already-live countries.
For organizations with a global footprint, the big question is: “What does this mean for you....?”
Potentially a lot of work, and a lot of worry.
But it doesn’t have to be that way. Viewed strategically, and with the right technology partner, the rising tide of e-invoicing compliance mandates across the world is your opportunity to turn compliance into an efficiency driver and competitive advantage for your business.
Tradeshift’s resident compliance expert, Marcus Gray, and Susie West, CEO of Shared Services Link, tell you everything you need to know to navigate current and future current changes to the compliance landscape, including: