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.
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.
Learn more about global e-invoicing compliance
What you get with ONESOURCE e-invoicing
E-invoicing compliance supported across networks and borders, managed within a single platform.
Lower implementation costs, effort, and ongoing maintenance with pre-built integrations for common ERP systems, in addition to other direct API integrations.
Economies of scale across countries with universal data mapping.
Maximized invoice flow supporting a faster time to payment, with automated e-invoice validation and data enrichment.
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Trusted for 100 yearsby leading companies with 500+k global customers
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75% of Fortune 500use Thomson Reuters
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19,000+ global tax authoritycoverage, 8,000 product categories
Experience ONESOURCE e-invoicing
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