In today's digital age, e-invoicing has become a cornerstone for businesses aiming to streamline their operations, reduce costs, and improve efficiency. However, as companies expand globally, they face the dilemma of whether to adopt a global strategy for e-invoicing or to tailor their approach to each local market. While local strategies may seem appealing due to their adaptability to specific regulations, they often fall short in several key areas.

Here's why a global strategy is the better choice:

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Conclusion



While a local e-invoicing strategies may offer the allure of customization to specific market needs, it often comes at the expense of efficiency, scalability, and robustness.

A global strategy, on the other hand, offers advantages in terms of implementation time, cost-effectiveness, scalability, enhanced security, streamlined data cleansing across ERP systems and more powerful data analytics.

Therefore, for businesses aiming for a seamless and efficient e-invoicing system, a global strategy is the clear winner.

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How can Deloitte help you on your journey?

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To assist businesses with keeping track of these dynamic developments in e-invoicing and digital reporting, we have created a global tracker, which is updated regularly.

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Deloitte and EDICOM alliance

Deloitte have created an alliance partnership with EDICOM which allows us to offer our clients end-to-end e-invoicing solutions.

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Get in touch

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Richard Mackender

Partner, Deloitte Singapore

Scott Newton

Manager, Deloitte Singapore

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