Global cloud platform Esker, which works in artificial intelligence (AI)-driven process automation, will be undergoing a strategic partnership with KPMG Finance, which works in auditing and consulting, a press release said on Tuesday (May 18).
With the alliance, both companies intend to combine their experience to help companies’ finance departments with digital transformations.
“Mandatory e-invoicing and upcoming deadlines have made companies realize that they require a solid plan to successfully transition to e-invoicing, as it will generate significant changes not only to their IT system, but also in terms of processes and tax compliance,” said Julie Tarbé de Saint Hardouin, partner, specializing in financial management consulting at KPMG France. “KPMG France and Esker are working together to define the best processes to ensure that companies receive excellent support to meet deadlines.”
The release said France is currently looking into making B2B eInvoicing mandatory by 2023. Private companies will be mandated to accept eInvoices, having until 2025 to send eInvoices.
eInvoicing measures have become a way to fight tax fraud, cut down on payment times and make sure VAT declarations go through via online pre-filing.
Esker’s technology helps companies get the tools they need in order to deal with the rise in eInvoicing technology.
“Any project involving technology and digital transformation profoundly changes a company’s business model and organization,” said Claire Valencony, senior director, Global Strategic Alliances at Esker. “By partnering with KPMG France we can offer our customers and prospects multidisciplinary expertise in the fields of tax, finance and regulatory constraints. Beyond just proximity, this collaboration enriches and completes our automation solutions for finance and administrative processes.”
eInvoicing software has been cropping up, with Avalara putting out a new product, Avalara India GST. This new product helps companies make digital invoices, in large batches and in real time, for transactions as well as for the automation of e-way bills and GST returns, allowing for a reduction in complexity for digital invoice management.