- Governments and tax authorities are embracing e-invoicing for accuracy of transactional data
- E-invoicing market expected to reach $35.9 billion by 2028
- Data in systems of record may not stand up to government scrutiny
- E-invoicing offers objective, unfiltered information for business decisions
- Tax authorities have replaced subjectivity with objectivity through e-invoicing
- Almost 40% of CFOs worldwide do not completely trust the accuracy of their organization’s financial data
- Compliance can uncover insights into organizations and lead to efficiencies
- E-invoicing can provide data that represents the unvarnished truth for better business decisions.
Source: sovos.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
