Typically global, multi-national organisations have tackled these obligations reactively and resolved them country by country by implementing disconnected solutions and processes. Before they know it, organisations have ended up in a spaghetti of software, misaligned data and layered, often overlapping processes.
It hasn’t been until organisations realise the overall cost of sourcing these solutions, managing multiple providers or the IT function gets fed up with building multiple connections that the penny drops, and this becomes a priority at a global level.
Understanding the overall cost of sourcing, implementing and managing multiple compliance service providers across your organisation has never been more critical.
With so many existing and upcoming mandates on the horizon, it no longer makes sense to manage these mandates locally or with a reactionary approach. A global strategy is now the only way forward for large multinationals.
This presents an opportunity for businesses to consider the best way for their teams to operate at maximum output with confidence, complying with international CTC e-invoicing obligations in the most efficient way possible so that there are time and resources to leverage strategically across the organisation.