India is moving quickly to a form of e-Invoicing and tax clearance starting on October 1. Expect more countries to follow fast as tax authorities seek to tap directly into transactions for more visibility and accuracy in tax collection. And each country brings its own new set of requirements. The acceleration and complexity of continuous transaction controls (CTCs) will add even more work to already maxed-out accounts payable teams trying to eliminate operational risk.
That’s why it’s time to go digital. It allows companies to run compliant payables and payment processes quickly and with complete accuracy wherever they do business. Learn from Tradeshift and Sovos about how your AP team can prepare for a more resilient and connected future.