Source: Sterling Commerce
Sterling Commerce, an AT&T Inc. (NYSE:T) subsidiary, today released the first solution that enables multi-national organisations to automate electronic invoicing processes worldwide, while maintaining conformity with individual tax regulations mandated by multiple countries.
Sterling e-Invoice Gateway eliminates the need to support separate solutions for isolated geographies; reduces risk and exposure by complying with ever-changing electronic invoicing tax regulations; and improves operational efficiencies and contains costs by automating both buyer and seller electronic invoice processes in compliance with country-specific tax regulations.
"The e-invoicing landscape is currently complex in both regulation and technology requirements. Managing these correctly is key to increasing the comfort levels of CFO's in taking on e-invoicing projects," said Trevor LaFleche, senior research analyst, Financial Insights.
"Compliance with e-invoicing legislation has become a complex challenge that is beginning to cost global organisations significant time and money," said Chris Johnson, vice president, Global Product Management, B2B Collaboration Solutions for Sterling Commerce. "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 (VAT)."