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 Automation, formerly Kofax, 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.
