Most countries apply a value-added-tax (VAT) or goods and service tax (GST) to the value that is added to goods and services at each step of the economic chain, and use the invoice as the key document for calculating and auditing this tax. However, each country applies its own regulatory requirements for electronic invoices which significantly increases the complexity of compliance for multi-national companies, and introduces costs and risks to your business.
The IBM Sterling e-Invoicing Savings Calculator provides estimates of savings you could achieve through the automation of manual invoice processing, archiving and auditing. The calculations are based on data derived from a study commissioned by Sterling Commerce and completed in 2010 by Forrester Consulting on its behalf with companies across multiple industries and geographies.
