Compliance readiness infographic
Each year, finance leaders face more e-invoicing mandates and real-time reporting requirements than the year before. In fact, by 2030 an estimated 50 new mandates are expected to come into force. Companies who do not have a strategic approach to this challenge are forced to implement expensive and complex workarounds to remain compliant.
Tungsten Network and sharedserviceslink recently partnered to survey more than 100 global companies to assess compliance perceptions and practices.
This infographic provides insight into what we learned about the biggest concerns and obstacles to compliance readiness across the enterprise. Based on the answers, we share 8 guiding principles business leaders can follow to increase compliance readiness while using the explosion of mandates as a way to drive best practice across the organization.