An End-to-End Solution for Global Compliance – cbs’ E-Compliance Solution
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Key Takeaways
⇨ As digitization drives more countries to adopt e-Compliance requirements, relying on regional vendors for country-specific compliance is not a scalable strategy.
⇨ The cbs World Cloud is a fully managed service that accommodates all countries with digital legal reporting obligations and that covers electronic compliance requirements for global companies.
⇨ E-Compliance by cbs tackles the critical challenges posed by the frequency and criticality of legal changes, the complexity and supportability of legal requirements, and the costs and resources required to adapt system and process landscapes.
Global legal and fiscal requirements in business-to-government scenarios such as e-Invoicing, e-Governance, e-Reporting, e-Delivery, and e-Transport are exceptionally stringent. Using the managed cloud solution from cbs, the cbs World Cloud significantly reduces complexity in SAP systems and external interfaces and externalizes unplanned and repetitive tasks, freeing up central IT specialists from local, country-specific tasks and elevating automation levels in business processes. The solution offers a fast return on investment and lowers the total cost of ownership by distributing cloud content across all global customers, thereby reducing costs per customer. Additionally, it includes an automatic legal change monitoring feature where the cbs Legal Change Board tracks, evaluates, and implements legal changes automatically, allowing users to focus on other priorities. Currently, the solution supports over 30 countries, with a dedicated team of experts who continuously monitor regulatory changes to ensure that new regulations and country-specific solutions are implemented within their respective deadlines.
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