Simplifying the complex: Sterling Commerce delivers first global e-invoicing solution
By Manufacturing Business Technology Staff -- Manufacturing Business Technology, 7/10/2008 10:56:00 AM
Sterling Commerce says it has the first solution that enables multinational organisations to automate electronic-invoicing processes worldwide while maintaining conformity with individual tax regulations mandated by multiple countries.
“The e-invoicing landscape is complex in both regulation and technology requirements. Managing these correctly is key to increasing the comfort levels of CFOs taking on e-invoicing projects,” says Trevor LaFleche, a senior research analyst with Framingham, Mass.-based IDC Financial Insights.
Sterling e-Invoice Gateway eliminates the need to support separate solutions for isolated geographies, and reduces risk and exposure by complying with ever-changing electronic invoicing tax regulations. Operational efficiencies are improved by automating both buyer and seller electronic invoice processes in compliance with country-specific tax regulations.
“Compliance with e-invoicing legislation is a complex challenge that is beginning to cost global organisations significant time and money,” says Chris Johnson, a Sterling Commerce VP. “A holistic, global corporate supply chain resolution such as the Sterling e-Invoice Gateway keeps up with frequently changing business and technical regulations, and can save companies millions in significant losses in the form of fines, costly audits, and the inability to reclaim value-added tax."
