Thomson Reuters Helps SAP Customers with Single Access Point to E-invoice Compliance

⇨ Thomson Reuters has launched ONESOURCE E-Invoicing, a centralized platform designed to streamline electronic invoicing management for multinational businesses being mandated to comply with e-invoicing regulations.

⇨ The solution offers pre-built integrations connecting financial systems, including common enterprise resource planning (ERP) systems such as SAP.

⇨ ONESOURCE E-Invoicing joins Thomson Reuters' existing ONESOURCE portfolio – a tax product platform provided by the Tax & Accounting business of Thomson Reuters.

Thomson Reuters has launched ONESOURCE E-Invoicing, a centralized platform designed to streamline electronic invoicing management for multinational businesses being mandated to comply with e-invoicing regulations.

The solution provides customers with a single access point to manage e-invoicing compliance. It offers pre-built integrations connecting financial systems, including common enterprise resource planning (ERP) systems such as SAP.

ONESOURCE E-invoicing brings together the best in global tax compliance and e-invoicing into a single solution, according to Thomson Reuters.

The solution benefits customers by providing centralized control with e-invoicing compliance supported across networks and borders, reducing cost by introducing lower implementation costs, effort and ongoing maintenance with pre-built integrations for ERP systems and simplified data management.

The new solution features a maximized invoice flow, which supports a faster time to payment, with automated e-invoice validation and data enrichment, helping users to cut down on time.

ONESOURCE E-Invoicing joins Thomson Reuters’ existing ONESOURCE portfolio – a tax product platform provided by the Tax & Accounting business of Thomson Reuters. 

Thomson Reuters says the addition of E-Invoicing enhances the ONESOURCE suite, with the company now providing businesses with “an end-to-end solution for indirect tax compliance, from tax determination and e-invoicing to compliance filing”.

ONESOURCE E-Invoicing will be highlighted at Thomson Reuters SYNERGY 2023, taking place Nov. 5-8, in Denver, Colorado.

Ray Grove, head of product, transactional compliance, Thomson Reuters, said: “We’re seeing an abundance of tax reforms and greater sophistication of tax authorities worldwide, and for tax departments in multinational corporations this requires a step change in how they keep pace with new rules and regulations to mitigate risks for their business.”

“Compliance with e-invoicing mandates is accelerating as a key priority, and historically it has not been an easy task, with regulations varying significantly across regions. We’re excited to be able to support businesses in overcoming these challenges with ONESOURCE E-Invoicing. This helps them accurately and efficiently meet compliance obligations – increasing confidence and peace of mind on what can be a daunting and ongoing task.”