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GST Council's B2C e-invoicing plan to reduce tax evasion, improve compliance, say experts

CFO News

ETCFO explores the purpose and anticipated impact of the GST Council’ recent move for a pilot program, the path to mandatory adoption, and how businesses should prepare for the transition.

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Optimizing Order-to-Cash-to-Compliance for SaaS Offerings

Bramasol

This new post provides a deeper dive into the key issues involved with optimizing end-to-end Order-to-Cash (OTC) and revenue recognition compliance for SaaS offerings. On one hand, the proven nature of SaaS has paved the way for widespread acceptance across both B2B and B2C markets.

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How B2B Payments Balances Compliance With A Better User Experience

PYMNTS

However, B2B payments are not the same as B2C, largely thanks to high transaction sizes and volumes, as well as expanding fraud risks. Mixing Innovation With Compliance. While FinTechs may be able to incorporate security and compliance measures within their solutions, doing so without compromising the user experience is far from easy.

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Taking The Good Of B2C Payments ? And Leaving The Bad ? For B2B eCommerce

PYMNTS

With the B2B eCommerce market towering over B2C’s in terms of transaction value — Forrester Research estimates the U.S. With payments accelerating and globalizing, the B2B eCommerce industry is taking a page out of B2C’s book. market will grow from $889 billion by the end of 2017 to $1.2 trillion valuation in the U.S.

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Payments 2022: Why Payments Is Make-Or-Break For Digital Platforms

PYMNTS

67 percent : the share of platforms that rely on outside vendors to ensure transactional compliance. The goal of the survey was to better understand their strategic roadmaps for the next three years, and the role that payments will play in driving those agendas.

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Data Security and Privacy Are Crucial in the Digital Solutions Economy

Bramasol

Legal and Regulatory Compliance: There are numerous data protection laws and regulations that companies must adhere to, such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) in the United States. Non-compliance can result in hefty fines and legal penalties.

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Virtual Account Numbers Facilitate International Digital Banking

PYMNTS

The network facilitates transactions across regional payment schemes and about 130 currencies, and regulatory and compliance tasks are streamlined and automated. Platforms and single access points help bridge the gap between traditional banks and eCommerce. Adapting To eCommerce . Traditional businesses have also switched online.

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