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Managing the intersection of business automation and CTC compliance: A guide for indirect tax professionals

ThomsonReuters

CTC mandates represent a significant shift in regulatory compliance, requiring businesses to provide real-time transactional data to government entities. As governments worldwide implement these controls, businesses must adapt to meet these evolving requirements.

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Master global indirect tax and e-invoicing compliance: The power of integrations and partnerships

ThomsonReuters

The government aims to boost tax revenues to lessen reliance on income tax. The invoices must be sent to the corresponding government before products or services reach consumers. ONESOURCE Pagero with its pre-built connector for Oracle ensures global e-invoice compliance, and automated AR/AP processes.

Tax
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Is your finance department firing on all cylinders?

Accounting Insight

Whats more, moving the AP process to a cloud-based platform allows for faster invoice approval and improved visibility, with intelligent workflows routing documents to the right approvers, at the right time and an audit trail tracking any changes made along the way.

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Brexit Raises The Stakes For B2B Payments Fraud

PYMNTS

Further, Nacha said, the survey revealed AP professionals are facing increasing fraud attempts that target AP processes specifically. While current fraud tools are helpful, there is no systemic or automated option for accomplishing this," Nacha warned.

B2B
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Heightened geopolitical tension in 2024 will result in rising invoice fraud

Accounting Insight

To help this collaboration, businesses should take steps such as implementing AI and automation tools to detect any suspicious activities or anomalies within the Accounts Payable (AP) process. But in 2024, we will see much stronger industry and government action to enforce a permanent shift to on-time payments.

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Today In B2B: ERPs Broaden B2B Payments Capabilities; Bloomberg Broadens Credit Risk Data Pool

PYMNTS

Commercial banking platforms, small businesses, corporations and government entities alike can access the service, the release stated. The connection will let firms that have invested in Aptean digitize their AP processes with Palette's offering.

B2B
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Healthcare Payments AI, Subscription Churn, Turbo Tax Tool For Stimulus Payments Top This Week’s News

PYMNTS

Americans could have started getting coronavirus stimulus funds from the federal government as early as Thursday (April 9) or Friday per a past report. How Firms Can Speed Past The $150B Toll Of Legacy AP And AR Processes. More than 85,000 people sought $22.2 billion in loans at BoA per news at the time.