![]() ![]() ![]() ![]() All rights reserved.ĭeutsche Bank Will Chen – VP, Global Transformation Lead © 2011 Ariba, Inc. Strong mandate Fully optional Prescriptive requirements Non-prescriptive requirements EU Compliance has many facets that must be managed Change management is key Countries have different approaches Challenges can be overcome by focusing on common denominators and mature good practice definitions Risk-free global e-invoicing is not an abstract thing of the future Extremely cost-effective future-proof solutions exist Used successfully by thousands of companies already Tax administrations love it No company can afford to ignore the extraordinary benefits of e-invoicing © 2011 Ariba, Inc. No Simple Regulatory Formula New Zealand 50% © 2011 Ariba, Inc. Legally permitted? All OECD member states except Japan 16 out of G20 members Very few other countries explicitly regulate conditions Huge difference in approaches © 2011 Ariba, Inc. FREEDOM to change processes, people, systems, legal structures and operators without risk or audit costs © 2011 Ariba, Inc. Objectives of Most Businesses Cost-effective LEGAL CERTAINTY : know 100 percent for sure in advance that you are compliant MINIMUM AUDIT SURFACE : ensure quick, painless audits A UNIFIED APPROACH : use a single approach across all jurisdictions involved in your data flows INTEROPERABILITY with major market players, supply chains, etc. Approximately 30% of all taxes, which represent over 30% of GDP in OECD countries All rights reserved.Ĭontribution to Public Revenue © 2011 Ariba, Inc. Speakers Ariba Host: Chris Rauen Speakers Christiaan van der Valk, President, TrustWeaver Will Chen, Vice President, Global Transformation, Deutsche Bank © 2011 Ariba, Inc. Global e-Invoicing Compliant Cross-Border Trade © 2011 Ariba, Inc. ![]()
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