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Home IRS & Taxes

How to save on the growing costs and complexity of compliance

by TheAdviserMagazine
8 months ago
in IRS & Taxes
Reading Time: 5 mins read
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How to save on the growing costs and complexity of compliance
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As e-invoicing becomes the global standard, multinational corporations are discovering a significant opportunity: unifying their tax technology stack to dramatically reduce costs while improving efficiency.

80+ countries now operate e-invoice systems, and most major markets having implemented continuous transaction controls (CTCs), companies that have consolidated their compliance infrastructure are seeing substantial returns. The question is no longer whether you need e-invoicing capabilities. It’s whether you’re paying too much for them.

The hidden costs of fragmented compliance systems

Many organizations manage e-invoicing through a patchwork of vendors, each serving different regions or functions. This fragmented approach creates unnecessary expenses.

A real-world example: JLL’s compliance challenge

Global commercial real estate leader JLL experienced this firsthand. Operating in over 50 countries with more than 200 legal entities and compiling around 3,000 tax returns annually, the company was managing tax reporting on an in-country basis with minimal oversight and control—a recipe for compliance risk and operational inefficiency.

Breaking down the hidden costs

Multiple vendor fees add up quickly

Each vendor relationship comes with licensing costs, implementation fees, and ongoing maintenance expenses. Companies often discover they’re paying for overlapping capabilities across different solutions.

Integration complexity drives IT costs higher

Connecting disparate systems requires custom development, ongoing maintenance, and dedicated IT resources. Every new jurisdiction or regulation change can trigger another round of expensive integration work.

Manual intervention increases labor costs

When systems don’t communicate seamlessly, tax teams spend valuable time on data reconciliation, manual uploads, and troubleshooting. This diverts skilled professionals from strategic, value-adding activities to routine data management.

Inconsistent data creates audit risks

Multiple systems often mean multiple versions of the truth. Data discrepancies between platforms can trigger audits, penalties, and the extensive labor costs of remediation. For organizations like JLL, the lack of consistency across regions meant trying to interpret local regulations on a piecemeal basis, risking costly compliance errors with minimal visibility.

The unified platform advantage

Proactive organizations are consolidating their e-invoicing and indirect tax operations onto single, integrated platforms. The financial benefits are compelling.

Immediate cost reductions

Vendor consolidation

By replacing multiple vendor arrangements with a unified solution, companies eliminate redundant licensing fees and reduce vendor management overhead.

Reduced integration and maintenance expenses

A single platform means fewer connections to build and maintain. IT teams spend less time managing integrations and more time on innovation. Automatic regulatory updates across all jurisdictions eliminate the need for costly manual configuration with each regulatory change.

Streamlined operations

When all e-invoicing data flows through one system, tax teams work more efficiently. Less time reconciling data between platforms means more capacity for analysis, planning, and strategic tax initiatives. JLL’s Senior Director of Program Management Kevin Escott describes the transformation: “For me personally, it’s shifted a process that used to be reactive to being proactive. The process just works in the background.”

Long-term value creation

Faster expansion into new markets

With a global platform already in place, adding new countries becomes a configuration exercise rather than a new implementation project. This agility enables faster market entry and reduces the cost of geographic expansion.

Better ROI on tax technology investment

Unified platforms provide comprehensive analytics and reporting capabilities that help identify optimization opportunities, from tax recovery to process improvements, that fragmented systems simply can’t surface.

Resilient infrastructure

As e-invoicing requirements evolve, unified platforms adapt through centralized updates rather than requiring coordination across multiple vendors.

ONESOURCE: A complete solution that delivers measurable savings

ONESOURCE Pagero E-Invoicing represents the next generation of e-invoicing efficiency. It’s a fully integrated platform that eliminates the complexity and excess costs of multi-vendor approaches.

One platform. Global coverage.

Comprehensive geographic reach

Manage e-invoicing across 70+ countries with established CTC programs, all from a single interface. Whether you’re operating in Europe, Latin America, Asia-Pacific, or emerging markets, ONESOURCE Pagero E-Invoicing provides consistent, reliable connectivity.

JLL leveraged ONESOURCE’s out-of-the-box tools to support in-country deployments, driving efficiencies and minimizing implementation costs while continuously onboarding more countries across EMEA and APAC.

Seamless network integration

Connect to PEPPOL and over 70 other accredited networks without managing multiple relationships or technical protocols. ONESOURCE handles the complexity so you don’t have to.

Built for efficiency and scale

Universal ERP integration

Pre-built connectors for SAP, Oracle, and other major ERP systems mean faster implementation and reduced IT burden. Open APIs enable integration with any business application, ensuring your existing technology investments continue to deliver value.

Enterprise-grade infrastructure

Cloud-based architecture handles high invoice volumes effortlessly, even during peak periods. Robust security protocols, including GDPR compliance and active threat prevention, protect your data without requiring additional security investments.

Automatic compliance updates

When regulations change, ONESOURCE Pagero E-Invoicing updates automatically. No manual configuration, no consulting fees, no compliance gaps.

Beyond E-invoicing: Complete indirect tax management

ONESOURCE Pagero E-Invoicing is part of the comprehensive ONESOURCE suite, enabling true end-to-end indirect tax management through a single vendor:

This unified approach eliminates data handoffs between systems, reduces reconciliation work, and provides complete visibility into your global indirect tax position.

With ONESOURCE, JLL gained visibility into returns compiled, tax spend, and how tax expenditure is incurred—insights that were previously impossible to track across their fragmented systems.

The accounts payable/receivable bonus

ONESOURCE Pagero E-Invoicing has an open global network that connects over 100 business networks, streamlining your entire invoice-to-cash and procure-to-pay cycles. Companies are automating AP/AR processes as a natural extension of their compliance infrastructure, turning a cost center into a source of operational efficiency.

Quantifiable business impact

When tax departments operate on unified platforms, transformation happens.

Cost reduction: Lower technology costs, reduced IT overhead, and increased team productivity deliver measurable savings to the bottom line.

Risk mitigation: Consistent data, automated compliance, and comprehensive audit trails reduce penalty exposure and audit costs.

Strategic capacity: With routine compliance automated, tax teams focus on high-value activities like tax planning, optimization, and supporting business growth initiatives.

Competitive advantage: Faster market entry, improved cash flow management, and better financial visibility strengthen your market position.

Making the transition

Organizations that have consolidated onto ONESOURCE Pagero E-Invoicing consistently report smoother-than-expected implementations and faster-than-anticipated returns. The combination of proven technology, comprehensive coverage, and deep tax expertise makes Thomson Reuters a trusted partner for global tax operations.

Ready to discover your savings potential?

Contact us today to speak with a Thomson Reuters consultant about optimizing your e-invoicing infrastructure. Request a free, personalized demonstration of the ONESOURCE Pagero E-Invoicing platform to see how much your organization could save.

 



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