Integration of ONESOURCE Pagero with Oracle for e-invoices
A pre-built, embedded integration for e-invoicing that eliminates the need to use traditional, time-consuming, ERP connections. As global regulatory requirements for electronic billing (e-invoicing), become more stringent, companies around the world are feeling pressure to keep pace. Europe is leading the way with initiatives such as the Value-added Tax (VAT) for the Digital Age (ViDA), a project that aims to modernize the VAT system to align it These mandates are complex, and they change rapidly. Each country adapts one of five mandate types to suit its unique geopolitical agenda and legislative agenda. Non-compliance is not an option, as it can lead to non-payment of invoices and significant penalties.
According to a recent report, e-invoicing is growing by 28% annually worldwide, and over 110 countries have existing or pending e-document regulations. Thus, staying informed about developments like ViDA is crucial for businesses to navigate these changes successfully.
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A unique solution for today’s most pressing compliance challenges
Thomson Reuters ONESOURCE Pagero and Oracle have teamed up to deliver a unique solution for today’s most pressing compliance challenges. They have created an embedded, pre-built e-invoicing solution that eliminates the need to use traditional enterprise resource planning (ERP), which is time-consuming. This solution is designed for organizations that already use Oracle Fusion Cloud Enterprise Resource Planning, especially those in countries where e-invoicing is mandated. Oracle Cloud ERP customers can activate the industry-leading platform of ONEOURCE Pagero and send and receive compliant electronic invoices in just a few simple configuration steps. ONESOURCE Pagero and Oracle’s product teams work together to deliver best-in-class billing compliance natively in Oracle Cloud ERP. This delivers customers a seamless experience with minimal to no implementation effort for the integration and instant access to a fully compliant solution.
A simpler, smarter architecture
Oracle customers now can simplify their integration processes with the introduction of the new B2B integration by ONESOURCE Pagero. This pre-built system is designed to handle complex invoicing scenarios such as self billing and corrective invoices without extensive customization. It ensures compliant eInvoicing by accommodating country specific formats, specialized fields, and different document types. As a result, customers can enjoy a streamlined experience without combining multiple tools or managing additional integrations.
Deep functional coverage and global reach
ONESOURCE Pagero’s functional breadth is one of its most significant differentiators. Some providers claim to cover a large number of countries. However, they rely on partners or loosely-connected systems that do not deliver a cohesive user experience. ONESOURCE Pagero, on the other hand, is built using a cloud native, microservices architecture that is designed for speed, scale, and resilience. The following are some of the major advantages:
1. Unified coverage across countries, document types, and regulatory formats.
ONESOURCE Pagero standardizes global e-invoicing compliance, supporting regulations in more than 80 countries. It formats documents automatically to meet government requirements. This streamlines compliance and reduces risk. This eliminates the requirement for region-specific software or manual workarounds. Whether you’re in Germany, Brazil, or India, ONESOURCE Pagero ensures the correct formats, fields, and workflows are applied automatically.
2. Support for both AP and AR e-invoicing flow. ONESOURCE pagero offers robust support for both outbound AR and inbound AP e-invoices, allowing businesses the ability to send, receive and reconcile eInvoice This dual-flow functionality simplifies the operations, improves visibility and ensures organizations can meet both buyer and supplier compliance obligations on one platform.
3. Automation, including invoice enrichment and validation. ONESOURCE pagero reduces the burden of manual review by using intelligent automation features. These features enrich invoices with missing information, validate content according to country-specific rules and flag discrepancies Built-in audit trails further support transparency and traceability.
4. Direct access to a business network of 14 million entities, providing a smooth exchange of compliant documents.
ONESOURCE Pagero Network provides users with instant connectivity to over 14 million businesses worldwide, including buyers, suppliers, and partners. This extensive network includes direct connections as well as interoperability agreements. It facilitates the exchange of eInvoices and other documents in a secure and compliant manner. Governments often revise formats and data fields as well as expectations for timing. This creates an ongoing burden for corporate tax and IT departments, especially when their systems rely on older, more rigid integration frameworks.
ONESOURCE Pagero integrates with Oracle’s B2B, offering a more flexible and modern solution directly within Oracle Cloud ERP. As mandates evolve, the integrated solution will keep pace, allowing companies to avoid having to reimplement e-invoicing solutions. This results in fewer delays, minimal disruptions, and greater confidence in ongoing compliance.
The ONESOURCE Pagero and Oracle partnership introduces several key benefits that stand out in a crowded market of compliance solutions:
Accelerated time to value:
Oracle Cloud ERP’s pre-built integration eliminates the need to scope, build, and test custom connections. Users can get up and running much faster.
Improved risk management:
A single integration point reduces the chance of failures across touchpoints, lowering operational risk.
Long-term resilience:
As new mandates emerge and existing ones evolve, ONESOURCE Pagero’s close collaboration with Oracle ensures the integration stays current and capable.
IDC recognizes ONESOURCE Pagero’s e-invoicing leadership
ONESOURCE Pagero leads the industry, as noted in the IDC MarketScape: European Compliant E-Invoicing 2024 Vendor Assessment. The report praised the robust e-invoicing capabilities. Key strengths include:
Extensive network reach:
ONESOURCE Pagero’s platform connects over 14 million businesses and integrates with more than 100 networks, hubs, and government platforms, offering substantial compliance connectivity for customers.
- Active industry engagement: ONESOURCE Pagero maintains strong ties with regulatory bodies and industry organizations, including the OECD, PEPPOL, GENA, and the EU’s Taxation and Customs Union, ensuring up-to-date compliance support for clients.
- Trusted advisory role: ONESOURCE Pagero’s team of in-house regulatory experts provides clients with timely insights into evolving e-invoicing regulations and mandates, positioning the company as a reliable advisor in the compliance field.
- IDC’s assessment highlights ONESOURCE Pagero’s leadership in delivering comprehensive, compliant, and innovative e-invoicing solutions across Europe and beyond.Setting a new standard: ONESOURCE Pagero and Oracle Cloud ERP
For corporate tax and IT teams facing increasing global compliance challenges, the upcoming integration of ONESOURCE Pagero with Oracle Cloud ERP, available later this year, sets a new standard of excellence. It provides faster implementation, easier management, and robust adaptability. This is exactly what businesses need today. As mandates grow more complex and compliance becomes essential, this solution ensures you are well-prepared.
Discover how ONESOURCE Pagero and Oracle are simplifying global e-invoicing at scale.
- Thomson Reuters and Oracle
- Cloud solutions for global tax and e-invoicing compliance
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