TrustWeaver releases 9th edition of acclaimed white paper on global e-invoicing and e-archiving compliance
Stockholm, 23rd November 2017
TrustWeaver, a leading provider of cloud-based trust and compliance services for invoices and other legally critical electronic documents, today announces the publication of the 9th edition of its acclaimed white paper on international trends in tax-compliant e-invoicing and e-archiving. The white paper features a summary of the regulatory status in some 90 countries, as well as an in-depth analysis of the ways tax authorities around the world use e-invoices to increase collection rates.
The white paper outlines in detail the global trend towards real-time tax ‘clearance’ of invoices and how this impacts businesses in their day-to-day operations and business-to-business transaction automation strategies. Such ‘clearance’ methods are particularly popular in emerging economies, but their vast contribution to closing the so-called ‘value-added-tax gap’ (or ‘VAT gap’ – a percentage that expresses which portion of VAT that should be collected ends up not being collected in a country) is motivating a growing number of countries in Europe and other regions to adopt similar approaches.
Since the last edition of the white paper, this mega-trend towards compulsory transaction-oriented integration of e-business systems with public authorities has accelerated significantly. TrustWeaver’s experts predict that this structural change to the way businesses exchange data about sales and purchases with each other will have a measurable impact on trade and commerce globally.
Against this backdrop of an ongoing revolution towards real-time tax controls, TrustWeaver’s team provide helpful practical advice that international enterprises can use to develop a strategy that can convert this challenge into a competitive opportunity. TrustWeaver also notes that these trends in e-government are compounded by the rapid introduction of cloud-based e-business networks, whose standardised procurement and sales processes cannot easily be customised to meet the individual compliance needs of their millions of connected enterprises. TrustWeaver says that such e-business vendors will increasingly be expected to make compliance an integral part of their service offerings.
The White Paper can be downloaded directly from TrustWeaver’s website here: https://www.trustweaver.com/white-paper/
A downloadable version of the press release can be found here.
TrustWeaver provides a comprehensive cloud-based compliance service for electronic invoicing and other legally critical documents for more than 55 countries. From a single technical interface and through our unique Compliance Map ™ concept, more than 60 world-leading B2B integration brokerage vendors in our partner network automatically provide interoperable legal certainty to trading partners that use their solutions, regardless of changes in legislation. TrustWeaver’s unique blend of legal and technical components allows modern organisations to execute their ERP, workflow, archiving and B2B consolidation strategies with guaranteed adherence to the multiple national and sectoral laws governing such transactions, as well as their long-term retention and auditability. In business since 2001, TrustWeaver is headquartered in Stockholm, Sweden.
For more information visit www.trustweaver.com
Media Contact: Charlotte.Kerridge@trustweaver.com