ONESOURCE E-Invoicing

Unlock precision with ONESOURCE e-invoicing solution for smarter reporting Introducing ONESOURCE e-invoicing – a compliant, electronic invoicing solution, purpose-built for VAT in the Kingdom of Saudi Arabia.

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Streamline invoice compliance effortlessly and accurately with ONESOURCE e-invoicing

E-Invoicing & real-time reporting will help in enhancing accuracy of VAT filings of Taxpayers, but not directly influence calculations, improving accuracy to help prevent fraud and tax evasion. Unfortunately, global standardization of e-invoicing is yet to be established which forces global companies to adapt to different filing requirements and technical protocol for each country, which creates complexity and increase compliance costs

Furthermore, CTC rules demand tax reporting in real-time, or close to it, so MNCs must have systems in place that can meet all E-invoicing/CTC requirements in multiple countries simultaneously. Recognizing this complexity, Thomson Reuters brings to you a centralized platform designed to streamline electronic invoicing management for multinational businesses who are being mandated to comply with e-invoicing regulations around the world.

The Kingdom of Saudi Arabia (KSA) is the first country in the GCC to introduce e-invoicing, in an effort to enhance transparency, efficiency, and promote fair competition for its businesses. With Phase 2 well underway and comprising of multiple waves, companies are required to plan and prepare their e-invoicing implementation.

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What you get with ONESOURCE e-invoicing

Centralized control

E-invoicing compliance supported across networks and borders, managed within a single platform.

Reduced cost

Lower implementation costs, effort, and ongoing maintenance with pre-built integrations for common ERP systems, in addition to other direct API integrations.

Simplified data management

Economies of scale across countries with universal data mapping.

Time savings

Maximized invoice flow supporting a faster time to payment, with automated e-invoice validation and data enrichment.

We have been able to fulfil our invoicing-related tax and legal requirements in all 29 countries … we have eliminated the risk of invoice errors. Overall, the invoice turnaround time has been reduced tremendously – within a few hours or even minutes.

One of the world’s leading technology companies that implemented e-invoicing solutions with Pagero

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75% of Fortune 500

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19,000+ global tax authority

coverage, 8,000 product categories

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