cbs E-Invoice World Cloud reaches the eight million transaction milestone

11. November 2022

Outsource your E-Invoicing with cbs all-in-one carefree package and strengthens compliance requirements for the global landscape. 

 

Heidelberg, November 2nd, 2022 – Global legal and tax requirements in the business-to-government sector are increasing significantly. In addition, official regulations are constantly changing, with sometimes far-reaching system and process changes. This is why cbs has developed the E-Invoice World Cloud, which handles the complex data exchange with the tax authorities for industrial companies.

Our solution has already processed more than 8 million transaction milestones. Almost 300,000 messages are now processed by cbs each month. More and more well-known customers are using the all-in-one carefree package; there are now more than 450 legal entities at more than 100 companies worldwide. And this number continues to grow.

The cbs cloud solution has a unique selling point in the SAP market. “Industrial customers highly value the holistic concept. They can handle every country-specific future requirement via the cbs cloud solution. This frees up resources, while customers can focus on other issues,” explains Oliver Villwock, Consulting Director at cbs. In addition, the cbs package is also S/4HANA-ready – giving planning security to many customers who are now about to switch to the new SAP world. The solution is hosted in an ISO 27001-certified data centre in Germany.

Industrial customers highly value the holistic concept. They can handle every country-specific future requirement via the cbs cloud solution. This frees up resources, while customers can focus on other issues. 

Oliver Villwock

Consulting Director

The E-Invoice World Cloud covers more than 25 countries. Companies from a wide range of industries in Central and South America (Mexico, Argentina, Brazil, Chile and Colombia). This solution is now used in Asia (India and Vietnam) and in Europe (Denmark, Germany, Finland, Italy, Norway, Portugal, Poland, Romania, Sweden, Serbia, Spain, Great Britain, Hungary, Romania, and Turkey). 

Soon there will also be an offer for Australia, Bulgaria, China, Japan and Slovenia, among others. In Europe, in particular, the legal requirements within the framework of EU regulations are increasing – the cbs Cloud provides suitable solutions for this. The legal requirements deeply impact the process world of customers and have long since ceased to be a pure EDI/ middleware issue.  

In addition, other challenges and external factors currently need to be resolved: Ongoing pandemics, the climate crisis, political upheavals and their impact on the economy, global migration, increasing bottlenecks in the supply chain, cyberattacks and the demand for sustainability. Because these factors are changing the business, the supply chains, the collaboration and thus also the process world. The challenge is to embrace these changes in business and in terms of new technologies and innovations. 

The international legal and tax requirements of the B2G (Business to Government) scenarios have long since encompassed the topics of e-delivery, e-payment and e-reporting, and classic e-invoicing. In addition, the official regulations are subject to constant change, with sometimes complex adaptations to the companies’ respective systems and process landscape. Here, cbs invests a great deal of time and effort in constantly adapting local solutions. 

The E-invoice World Cloud covers all four key areas of electronic compliance requirements for global enterprises: Complexity reduction, automation, cost reduction and external monitoring. No matter what happens tomorrow, whether in Spain, Turkey, the Czech Republic, Chile or Mexico, no matter what external influences come and affect daily business, with E-Invoice World Cloud, industrial companies are properly positioned, can adequately meet short-term challenges and can fulfil all necessary compliance requirements. This strengthens their resilience and thus also increases their competitiveness,” explains e-invoicing expert Villwock.