{"id":847181,"date":"2025-05-06T08:06:42","date_gmt":"2025-05-06T12:06:42","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/vertex-study-global-tax-and-finance-leaders-significantly-shift-in-support-of-e-invoicing\/"},"modified":"2025-05-06T08:06:42","modified_gmt":"2025-05-06T12:06:42","slug":"vertex-study-global-tax-and-finance-leaders-significantly-shift-in-support-of-e-invoicing","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/vertex-study-global-tax-and-finance-leaders-significantly-shift-in-support-of-e-invoicing\/","title":{"rendered":"Vertex Study: Global Tax and Finance Leaders Significantly Shift in Support of e-Invoicing"},"content":{"rendered":"

\nTax technology leader unveils new research showing overwhelming support of global mandates and the benefits of e-invoicing for financial health
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KING OF PRUSSIA, Pa., May 06, 2025 (GLOBE NEWSWIRE) — Vertex Inc.<\/a> (NASDAQ:VERX) (\u201cVertex\u201d or the \u201cCompany\u201d), a leading global provider of indirect tax solutions, today announced new e-invoicing research revealing that a majority (79%) of global business leaders believe e-invoicing mandates are beneficial to business. Furthermore, 80% agree these mandates will improve data accuracy and financial reporting in a time where precision is needed most.<\/p>\n

The survey, which polled 1,150 global tax and finance professionals, shows e-invoicing implementation is on the rise as 80% of businesses plan to improve the integration of e-invoicing systems over the next two years \u2013 pointing to a positive attitude shift toward the evolving landscape. This sentiment carries over to their financial health, with tax and finance leaders citing e-invoicing for improving efficiency as well as cost savings (both approximately 60%) and enhanced economic growth and global competitiveness (approximately 80%), regardless of whether they are selling into or based in e-invoicing mandated countries.<\/p>\n

\u201cToday\u2019s tax and finance leaders are operating under increased pressure to drive growth while maintaining tax compliance. This challenge is compounded by rising complexities driven by increased variances around tax rate determination or scope of transactions for real\/near-real time reporting,\u201d said Chris Hall, Senior Tax Officer, Vertex. \u201cPreparing for e-invoicing, or aligning with current local mandates, should not add to these uncertainties. Research shows that e-invoicing offers the accuracy, efficiency, and cost optimization needed for future-ready organizations.\u201d<\/p>\n

While the global behavioral shift is positive, e-invoicing implementation is not without its challenges. Approximately half (51%) of respondents in markets selling in mandated countries report maintaining data security and privacy while adhering to diverse international standards as their biggest challenge. Current and soon-to-be mandated countries identify integrating with existing software (55% current, 63% soon-to-be) is their largest roadblock.<\/p>\n

As the e-invoicing landscape and scale of global mandates continue to evolve, other key highlights of the report include:<\/p>\n