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Cover Your Bases: Why Tax Compliance Must be Embedded In AP Automation

Sponsored by Sovos

Date: Wednesday, March 13, 2019

Time: 11:00 AM Eastern Daylight Time

Duration: 1 hour


Christiaan van der Valk
VP, Strategy,

The business case for accounts payable automation is easy to make. Through simple automation strategies, companies stand to make great strides in efficiencies and reduced costs. An inadvertent side effect, however, can be exposure to audit risk. That’s because the digitization of corporate procurement processes is now intersecting with the digital transformation of tax, making it easier for global governments to obtain documents, scan transactions, and enforce penalties. By 2025, companies in industrialized and emerging economies will exchange more than 75 percent of all invoices electronically with tax administrations in real time or very shortly after the invoice-exchange process.

Attend this session to learn how to:
  • Leverage cloud-native purchasing systems to access a multitude of APIs and facilitate invoice clearance, perform tax checks, and adapt to evolving country-specific rules
  • Ensure compliance across your solution mix, as well as across changing tax regimes
  • Avoid panic-fix, short-term responses to digital tax mandates
  • Rethink the importance of the cloud in procurement, as tax administrations increasingly drive innovation

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