Press release
On 23 October 2023, Pagero and Vertex announce a unified solution for electronic invoicing, Continuous Transaction Controls (CTC) and indirect tax compliance to customers around the world.
Pagero, a provider of a Smart Business Network for automated and compliant exchange of invoices and other business documents, and Vertex, a global provider of indirect tax technology solutions, have announced a partnership to enable a seamless solution that allows businesses to ensure continuous indirect tax compliance and bring efficiencies to their invoicing lifecycle, all within a single cloud platform.
E-invoicing has quickly become a necessity for businesses trading in multiple jurisdictions with the rise of real-time and near-real time digital tax reporting requirements. Following Latin America, the rapid emergence of new and proposed e-invoicing mandates across Europe, Asia-Pacific and the Middle East that further push for digitization of indirect tax is driving the expansion of global compliance requirements worldwide.
Vertex and Pagero joint offering simplify compliance and streamlines Continuous Transaction Controls (CTC) requirements. The solution enables tax, finance and IT departments direct access to data for CTC, unlocks e-invoice clearance, real-time reporting and Peppol access for electronic B2B and B2G compliant document and data exchange.
“We are excited to announce this collaboration, a response to pressing market needs and customer demands,” explains Bengt Nilsson, Pagero CEO. “Together, we deliver an integrated, single solution, backed by Pagero’s regulatory expertise. This gives customers the peace of mind of complying with the latest e-invoicing and CTC regulations, regardless of where in the world they do business.”
By merging the power of Pagero Network, which connects buyers, sellers and governmental agencies and provides the technology for a digital, compliant flow business documents, and Vertex’s adaptable and easy to configure tax compliance portfolio, users gain access to a wealth of combined expertise to tackle pressing market challenges.
“The tax technology landscape is continuously evolving, and today’s global enterprises are feeling an even greater sense of urgency to remain up to date with legislative changes and reduce compliance risk. We understand the need for an e-invoicing solution that could both increase efficiency and reduce compliance risk,” states Vertex CEO David DeStefano. “By partnering with Pagero, who deliver the best-of-breed in e-invoicing, together we are introducing the ability to access real-time data in one single portal on a global scale.”
Source Vertex
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