E-Invoicing Changes and What It Means for Your AP Function
Is your organization currently expanding its supply chain internationally or planning to do so in the near future? While that can offer significant benefits, it also brings with it significant complexities — especially for Accounts Payable.
It’s not just a matter of paying an invoice that may be in a foreign language or currency. Governments around the world are increasingly inserting themselves in the invoicing process to ensure compliance with tax laws and reporting, while implementing new and often-changing standards.
Tungsten, a Kofax company, teamed up with the Institute of Finance & Management (IOFM) to explore the different types of e-invoicing standards and what that means for AP. Adhering to the requirements of trading partners throughout the world is an enormously complex task, one that’s best managed by a specialized solution provider that onboards suppliers to e-invoicing and ensures compliance before the invoices ever reach you.
Read this white paper to find out how global trade impacts your AP function and how to best manage compliance.