Many companies still have manual invoicing processes based on paper. This often means inefficiency and lack of visibility and control. Luckily this is mostly unnecessary in today’s digital world. E-invoicing, business process automation and digitalization of financial administration are growing global trends as companies increasingly realize their enormous potential. Inefficiency in financial processes is a common issue faced by companies worldwide, compounded by varying regulations that differ from country to country. The consequences of non-compliance can be dire, resulting in hefty penalties and tax-related complications that no business can afford. Compliance, on the other
hand, is no small feat, posing a significant burden on companies, regardless of whether they operate on paper or electronically. And for multinational corporations, compliance with different regulations across multiple countries can be a nightmare.