Global content and technology giant Thomson Reuters has secured a majority stake in Pagero, a leading provider of e-invoicing and indirect tax solutions. This strategic acquisition, finalized in January 2024, positions Thomson Reuters to capitalize on the growing demand for automated and secure business transactions.
What is E-Invoicing?
E-invoicing refers to the electronic exchange of invoices between businesses. It offers a faster, more secure, and more efficient alternative to traditional paper invoices. With regulations around e-invoicing being implemented in over 80 countries, the global e-invoicing market is expected to witness significant growth in the coming years.
Why Did Thomson Reuters Acquire Pagero?
By acquiring Pagero, Thomson Reuters gains access to:
- Pagero’s Smart Business Network: A leading platform for secure and compliant exchange of digital invoices and other business documents.
- Expertise in E-Invoicing: Strengthens Thomson Reuters’ existing tax and accounting solutions.
- Global Reach: Expands Thomson Reuters’ footprint in the e-invoicing market.
Benefits of the Acquisition
This acquisition is expected to benefit both companies:
- Thomson Reuters: Can offer a more comprehensive suite of tax and financial compliance solutions to its customers.
- Pagero: Gains access to Thomson Reuters’ global resources and client base, accelerating its growth.
The Future of E-Invoicing
The combination creates a powerful force in the e-invoicing landscape. This move is likely to accelerate the adoption of e-invoicing solutions as businesses seek to streamline their financial processes and comply with evolving regulations.
Looking for E-Invoicing Solutions?
Thomson Reuters and Pagero offer a combined portfolio of e-invoicing solutions to meet the needs of businesses of all sizes. With this acquisition, Thomson Reuters is well-positioned to be a leader in the e-invoicing revolution.