e-Invoicing Compliance
Your Seamless One-Stop-Shop Solution
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Are you ready for global e-invoicing mandates?
The Regulatory Landscape is Changing
New global regulations are requiring businesses in all geographies to adopt processes that will enable greater oversight and control of taxation by local authorities.
Governments worldwide are gradually introducing e-Invoicing Compliance Mandates, transitioning to that demand real-time reporting and comprehensive controls on all e-invoicing activities.
What does this mean?
🌐 This ongoing trend is expected to persist as more than 100 countries plan to introduce regulations in the next decade. Systems and processes will have to change to achieve compliance
✓ All Invoices will need to be sent and received via a central government accredited system for clearance before reaching the intended recipient
𓍝 Companies with global operations will need to adhere to differing legal frameworks per country. There are severe fines and penalties for non-compliance, varied by region
With Change Comes Possibility
Accenture is uniquely positioned to understand the complexity of the challenges the new regulations pose for business. This understanding has been informed by our compliance solution, eComply & Verify.
The Catalyst for Change
CTC mechanisms and measures are put into place to ensure the accuracy, security, and adherence to regulatory requirements of electronic invoicing processes.
These controls are designed to support Tax agencies in their efforts to monitor, track, and enforce compliance throughout the entire e-invoicing lifecycle and range in terms of complexity and oversight.
✓ Invoice Clearance
✓ Invoice Processing & Routing
✓ E-Reporting (B2B, B2G & B2C Trade)
✓ Invoice Lifecycle Mgmt.
✓ Archiving
Business Challenges
System Complexity
Organisations face significant complexity and time investment in integrating various procurement and billing systems with the Tax Authority to achieve interoperability.
Lack of a Global Standard
There is no global standard for Continuous Transaction Controls (CTC) or e-invoicing, leading each country to enforce its own legislative and data requirements.
Impact & Penalties
Noncompliance is not an option. Governments worldwide enforce strict penalties for noncompliance, including fines, audits, suspension of invoicing, reputational damage, and public shaming policies.
No Global Solution
Using local third-party vendors for data validation and tax authority connections leads to security risks, system reliability issues, loss of invoice visibility, and an exponentially growing supplier network as more countries adopt CTC.
Technology V Tax Issue
CTC is a technology-driven mandate requiring businesses to efficiently collect, validate, and transmit transaction data, featuring real-time reporting, data validation, e-invoicing, invoice clearance, and audit trails.
VAT Reconciliation & Reporting
Businesses must align financial records with transmitted VAT data, adjusting reconciliation processes to meet the increased accuracy and scrutiny required by CTC mandates.
Accenture's solution
eComply & Verify provides compliance-as-a-service to help businesses transition to the new regulations.
Accenture provide a comprehensive offering to cover the end-to-end needs of businesses. We can support with strategy, systems configuration, compliance software and aftercare services to ensure your business adapts smoothly.
Our Differentiators
✓ AI-Enhanced Validation - Generative AI and advanced analytics approaches across the value chain, to ensure compliance first time, reducing any delay to critical business operations
✓ End to End Service - Ability to provide software plus professional services for system integration and ongoing support – customised to individual organisational needs
✓ Full Network Ownership - Eliminating 4th party risk by removing the need for local providers , ensuring a more reliable, secure and timely service
Benefits
✓ A global solution, with full network ownership, ensuring the highest data security safeguards, invoice visibility at all times and a seamless experience.
✓ Improved accuracy, lower OPEX costs, and powerful insights to empower decision making and growth.
✓ The confidence and ease of knowing your Compliance / E-invoicing needs will be met by a trusted partner with associated consultancy and advisory services.
Your next step
Start a conversation with our experts today to begin your compliance journey with Accenture.
Helen Daly
Accenture Managing Director
Jason Barry
Commercial Lead
How Accenture can help
Recognizing the scale of the impact on our client base, Accenture is doubling down on CTC-related services to reduce the headache for businesses. We are actively working with our global clients to support them through the transition and meet the upcoming compliance deadlines.
End-to-End Offering Approach
Strategy & Advisory Services
Supporting business to evaluate readiness, identify challenges and shape their strategy and roadmap.
E-Invoice Compliance SaaS Solution
Accenture’s own solution – the eComply& Verify product - has been developed to handle compliance-related invoice processing and validation, in line with global tax authorities.
Value-Add Services
We have identified common services that businesses require to transition to the new model. Accenture has created suite of related products, accelerators and services to meet customized and extensive business needs.
A global solution through a single API
Introducing Accenture’s compliance-as-a-service platform, eComply & Verify, a one-stop-shop for e-invoice regulation compliance. Providing an agnostic, secure and accredited e-invoicing compliance platform designed to satisfy changing regulations mandated by tax authorities across the globe.
Solution overview
Accenture’s solution, eComply & Verify, can provide compliance-as-a-service to help our clients enable and expedite their compliance journey from blueprinting, integration, compliance SaaS technology, to enablement and much more.
Start a conversation
Our experts are ready to speak to you today about starting your compliance journey.
As the regulation impacts all clients and industries, we are advising our clients to act now and get ready - connect to learn how we can help.
Contact us at ecomplyandverify@accenture.com
Learn more
Access additional resources by downloading our materials below. Gain a further understanding of the challenge facing businesses around the globe and how Accenture's invoice taxation compliance services can support your compliance deadlines.
One-Page Landscape Overview
SaaS Platform Overview
