Deloitte and Thomson Reuters Launch Strategic Alliance

Deloitte and Thomson Reuters have announced an expansion of their existing relationship into the e-invoicing and e-reporting marketplace, specifically providing a managed service through a global strategic alliance whereby Deloitte operates e-invoicing and e-reporting for their clients, leveraging Thomson Reuters ONESOURCE Pagero. 

Managing global e-invoicing and e-reporting in today’s complex regulatory environment is a growing challenge for businesses. Organizations must contend with rapidly-evolving e-invoicing and Continuous Transaction Control (CTC) mandates, fragmented systems, and growing demands for compliance, efficiency, and data accuracy.

Deloitte’s e-invoicing and e-reporting Operate offering delivers a scalable and consistent approach to digital reporting compliance for a business’s global operations. The combination of Deloitte’s experience and a market-leading platform such as ONESOURCE Pagero delivers an end-to-end solution that helps organizations overcome operational challenges and flexible enough to respond to future developments in e-invoicing. Integrating compliance, operational efficiency, and strategic insight, Deloitte helps businesses proactively address regulatory changes, streamline operations, and focus on priority matters.

"Our approach to global e-invoicing and e-reporting, integrated with traditional indirect tax compliance, offers a truly transformative solution for clients," stated Olivier Hody, Deloitte Global E-invoicing and E-reporting Leader. "Leveraging Deloitte's extensive regulatory and tax knowledge, in combination with Thomson Reuters global software, we enable businesses to achieve process efficiencies, strengthen data management, and support ERP enhancements within their finance transformation initiatives."

“This important alliance with Deloitte combines cutting-edge technology with the operational experience needed to deliver value across organizations’ global footprints," says Camillo Speroni, Head of Partnerships and Alliances at Thomson Reuters. "Together, we are delivering a best-in-class e-invoicing and e-reporting solution that helps clients truly transform and modernize critical elements of their invoicing operations.”

This alliance offers organizations key advantages including:

• Reduced compliance risks: Manage the risk of non-compliance penalties and reputational damage; global coverage to manage mandates in more than 80 jurisdictions.
• Cost savings: Automated processes, reducing manual effort and associated costs, and ability to scale as the business grows.
• Improved efficiency: Streamlined operations through the use of a single outsourced system, freeing up resources for strategic initiatives.
• Enhanced data-driven insights: Potential for greater visibility into global tax obligations and financial performance, and to identify opportunities for greater strategic value (e.g., through management reporting and dashboarding, reconciliations between indirect tax traditional returns and e-invoicing/e-reporting filings, etc.).
• Compliance—now and in the future: A solution that keeps up to date with evolving regulations for long-term compliance, safeguarded by robust security standards for data integrity.

Ronnie Dassen, Deloitte Global Indirect Tax Leader, added “This is a game-changer for Deloitte’s clients, who will now have the ability to integrate the critical indirect tax data flows for end-to-end indirect tax and tie in e-reporting, e-invoicing and regular indirect tax compliance under a single global process.”

For more information about Deloitte’s global e-invoicing and e-reporting Operate solution, visit deloitte.com/pagero. 

Disclaimer: 

This feature was adapted from a press announcement jointly issued by Thomson Reuters and Deloitte. and related website content. Source materials were adapted by Insightful Accountant solely for educational purposes. Insightful Accountant is not responsible for any of the original content furnished by Thomson Reuters or Deloitte, or published on their respective websites.

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