Interview with Dave Parks, BillingPlatform Director of Product Marketing – originally posted on the FinTec Buzz
The New Financial Frontier: Five Practical Steps to a Future-Proof E-Invoicing Strategy
E-invoicing is rapidly shifting from a compliance task to a strategic growth driver. Here’s how organizations can future-proof finance in a changing global landscape:
In the past, electronic invoicing (e-invoicing) was seen as a back-office efficiency project. Today, e-invoicing has become a necessity and a strategic lever for digital transformation in finance. As governments around the globe adopt real-time tax controls and standardize structured invoice data, e-invoicing is shifting from merely a compliance requirement to a competitive differentiator.
However, in a recent survey of finance leaders, 62% report they are currently compliant, preparing to comply, or expect to comply with country-specific e-invoicing mandates, yet only 24% say they are fully compliant today. These findings point to the complexity of global compliance as well as the growing need for standardized and scalable e-invoicing solutions.
Global E-invoicing Landscape
While global policy momentum is accelerating, e-invoicing is not a single global standard and currently represents…