This paper sets out a strategic roadmap for leveraging the UK’s Making Tax Digital (MTD) infrastructure to accelerate eInvoicing and eReporting adoption. Based on MTD’s proven success, the UK can deliver immediate productivity gains, strengthen tax compliance, and position itself as a leader in digital trade.
This paper was created subsequent to a meeting of the UK eInvoicing Advocacy Group held in September 2024. During that meeting it was proposed that a number of key challenges in the implementation of eInvoicing should be investigated as a follow-up to the publication of the White Paper: ‘Why electronic Invoicing adoption should be a public policy priority in the UK’.
Our position remains that accelerating the adoption of electronic invoicing across business and government will support economic growth and the efficiency of government, business, and tax revenue raising. Further, that the UK through; a well-established service and solutions industry, lessons already learned from early adopters, and a proven value-in-use, is well placed to make significant progress within a short timeframe. eInvoicing replaces paper and other unstructured data formats with a structured invoice file capable of being delivered and processed automatically. The growth, on-time payment, business efficiency, global competitiveness and sustainability agendas will all benefit from this one change.
Everything you need to create a conclusive P2P business case.
Spend control is a journey, and for many organisations, one of the most important stages is the deployment of a P2P solution.
This free guide provides a step-by-step process to build your organisation’s business case for deployment of P2P. It will help you:
• Identify key information and metrics from your current
environment.
• Identify target improvements to key metrics when
using P2P.
• Calculate the ‘hard’ and ‘soft’ savings you can expect.
The direct operational benefits of a modern P2P system will be to:
• Make it easy for your organisation to get the goods and services
it needs in a structured, organised way.
• Prevent unauthorised, unnecessary, or fraudulent purchases.
• Help department managers effectively manage budgets.
• Guide purchasers to fulfil their need from approved suppliers
with a negotiated contract pricing.
• Dramatically streamline the processing of invoices while
ensuring only valid invoices are paid.
A short guide on increasing payment security
“Fraud risks are omnipresent for organisations today. To stay a step ahead of fraudsters, organisations must be always on guard. Implementing strategies that encompass the entire business process is imperative for effective fraud prevention. Full stop”, says Nancy Zhang, Director Solution Success at Serrala.
Over 74% of organisations experienced fraud attempts according to the 2021 AFP Fraud and Risk Survey. Organisations need to ensure they have the right strategies in place to defend themselves against cybercrime and other fraud attempts.
Investing in people, processes and systems is vital. Learn in this eBook what you need to know about fraudsters, how they try to get access to your corporate cash, and how you can build lasting fraud prevention strategies.
Avalara helps businesses of all sizes get tax compliance right. In partnership with leading ERP, accounting, eCommerce and other financial management system providers, Avalara delivers cloudbased compliance solutions for various transactional taxes, including sales and use, VAT, GST, excise, communications, lodging, and other indirect tax types. Headquartered in Seattle, Avalara has offices across the U.S. and around the world in Canada, the U.K., Belgium, Brazil, and India.