Pagero and Thomson Reuters partner to bring a new and comprehensive indirect tax compliance suite to customers
22 February 2023
It is estimated that, by 2025, 80% of companies around the world will be forced to evolve to e-invoicing, either by legislation or by customer-led requests from buyers and suppliers. Pagero’s global business network for e-document communication simplifies e-invoicing and promotes digital transformation in finance by enabling multinationals to standardize and centralize invoice handling processes.
“We are very excited to see this partnership evolve, and I look forward to bringing this joint offering to market. The investments and commitments Thomson Reuters is making demonstrates the significance and potential of the e-invoicing and CTC developments in the market. We see this partnership as an enabler for our business which will accelerate our expansion journey and bring us closer, serving more customers.” says Alexander Jansson, VP Partnerships & Alliances at Pagero.
Pagero’s Smart Business Network will be fully integrated with Thomson Reuters ONESOURCE for easy deployment to existing & future Thomson Reuters customers – thereby enabling global e-invoicing and financial reporting through a single interface.
“E-Invoicing and CTC regulations and mandates are expected to be the future of indirect tax controls, allowing regulators to control transactional compliance in real-time while enabling companies to accelerate digitalization and automation”, says Chris Carlstead, head of partnerships and alliances at Thomson Reuters. “As our customers face an ever-evolving regulatory and technology landscape, Thomson Reuters priority is to provide them with the content-enabled technology to help them succeed. By combining Thomson Reuters ONESOURCE Indirect Tax and Pagero’s Smart Business Network, we are bringing a new and unparalleled offering to market that will enable our customers to be at the forefront of digitizing their processes and creating efficiencies for their indirect tax compliance systems”.
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Pagero provides a Smart Business Network that connects buyers and sellers for automated, compliant, and secure exchange of orders, invoices, payment instructions and other business documents. With an open network and a wide range of value-added apps, Pagero helps businesses streamline their order-to-cash and purchase-to-pay processes while unlocking the full potential of accurate and reliable business data. All of this, regardless of location, industry, size or systems. Find out more at www.pagero.com.
About Thomson Reuters
Thomson Reuters is a leading provider of business information services. Our products include highly specialized information-enabled software and tools for legal, tax, accounting and compliance professionals combined with the world’s most global news services – Reuters. For more information on Thomson Reuters, visit tr.com and for the latest world news, reuters.com.