ONESOURCE E-invoicing compliance software

E-invoicing, or electronic invoicing, is the structured exchange of the invoice data digitally between a supplier and buyer with electronic reporting to the tax authority. This method eliminates the need for paper invoices, reducing environmental impact and streamlining the invoicing process through digital invoice software. Benefits include faster processing times, reduced errors, improved compliance with tax regulations, and enhanced data security. Businesses can also benefit from cost savings due to reduced manual handling and storage needs, utilising e-invoice software and online invoicing platforms for efficiency.

Automation in tax compliance streamlines the entire process by using technology to handle routine tasks that were previously done manually. This includes real-time tax determination, automatic updates to reflect changes in tax laws, and generation of compliance reports through e-invoicing solutions. By automating these tasks with online invoice systems, businesses can reduce human error, ensure timely compliance, and free up resources to focus on more strategic initiatives. Additionally, automation provides scalability and flexibility to adapt to evolving regulatory environments, supported by electronic invoicing software.

The best e-invoicing software should offer a comprehensive set of features to support efficient, compliant, and user-friendly invoice management. Essential features include digital invoice creation, electronic invoicing and payment processing, and integration with existing accounting systems. Look for software that offers a user-friendly online invoice system, supports tax invoice online generation, and provides a digital invoicing system with secure payment options. The software should also be adaptable to regional and international compliance requirements, support multi-jurisdictions, and offer customisation options for invoice templates. Additionally, the ability to generate detailed analytical and tax reconciliation reports and maintain a digital audit trail.

The Pagero and Thomson Reuters solution stands out due to its comprehensive approach to compliance. It combines ONESOURCE Indirect Tax Compliance for automated VAT/GST reporting with Pagero’s e-invoicing capabilities, offering a robust end-to-end solution. This integration enables seamless exchange and validation of electronic business documents through an e-invoice system, ensuring compliance across multiple jurisdictions. The solution is designed to be scalable, adaptable, and provides real-time insights, making it ideal for businesses looking to streamline their compliance processes globally.

The solution offers seamless integration with existing Enterprise Resource Planning (ERP) systems, which means businesses can incorporate it without significant disruptions to their current operations. This integration allows for real-time monitoring and data exchange between systems, that improves the accuracy and efficiency in financial reporting and tax compliance. The solution is designed to work with various ERP platforms, providing flexibility and ensuring compatibility with existing IT infrastructure, supported by electronic invoicing systems and online invoice payment processing.

Absolutely, the solution is designed to scale with your business needs. It offers global capabilities and supports expansion into new jurisdictions through prebuilt integrations and shared user interfaces. This scalability ensures that as your business grows, you can maintain compliance efficiently across multiple regions. The solution’s cloud-native architecture allows for easy updates and adaptability to changing regulatory requirements, making it ideal for businesses looking to expand internationally using online invoicing and payment systems.

Our platform is designed to meet e-invoicing and continuous transaction control (CTC) requirements in 70+ countries, supporting international standards like Peppol ensuring businesses stay compliant no matter where they operate.

Through AR automation, which enables faster invoice delivery and automatic tracking of payment status, which shortens payment cycles and speeds up cash inflows. Automated validation and compliance checks reduce invoice errors and rejections, ensuring that invoices meet customer and regulatory requirements the first time. This minimises delays and helps maintain a healthy cash position.

Through AP automation, which applies real-time compliance checks to each incoming invoice, ensuring all tax and regulatory requirements are met before processing. Automated validation reduces the risk of human error, supports accurate VAT/GST recovery, and maintains a complete digital audit trail for tax authorities. This is especially critical in regions with strict e-invoicing mandates.

Peppol (Pan-European Public Procurement Online) is an international network and set of standards that enables businesses and government entities to exchange electronic documents including e-invoices securely and efficiently. 
Peppol is increasingly adopted in regions like the the EU, GCC and Asia-Pacific. Leveraging a Peppol-certified solution like ONESOURCE Pagero helps businesses streamline invoice exchange, reduce manual intervention, and ensure real-time tax reporting, while staying compliant with both local and international regulations.