Dublin, Ohio – February 13, 2008 – Sterling Commerce, a subsidiary of AT&T Inc. (NYSE:T), today unveiled a new electronic invoicing strategy that will reform the way enterprises meet the growing need to comply with international electronic invoice tax laws. As part of the new strategy, Sterling Commerce has signed a partnership agreement with TrustWeaver, a leading expert in meeting multiple Value Added Tax (VAT) and Goods and Services Tax (GST) mandates. The partnership strengthens Sterling Commerce’s advanced business-to-business (B2B) integration solution set and will enable the company to deliver electronic invoicing solutions that will eliminate the need to support multiple solutions across different geographies.
“In order for electronic invoicing to reach critical mass, enterprises operating in Europe and beyond must implement solutions that address increasing complexity in the area of compliance,” said Susan Feinberg, research director at TowerGroup. “Such organizations must partner with solution providers that can bring the appropriate mix of local expertise, global support and superior integration technology to the table in order to provide a comprehensive electronic invoicing solution.”
The Sterling Commerce electronic invoicing strategy will deliver that mix of local expertise and B2B integration technology to reduce the costs, risks and complexity in meeting government tax regulations across country and regional boundaries. The company’s solutions will address multiple legislative mandates for multiple countries in one single solution that will be available on premise, on demand or through a hybrid solution that uses both models.
Under the partnership, TrustWeaver’s compliance technology will be incorporated into Sterling Commerce’s leading-edge on-demand and on-premise integration products to allow companies to support global e-invoice compliance via a single solution. TrustWeaver assures legal compliance and cost-effective audits through its unique and highly scalable software as a service (SaaS) model built on its thorough understanding of local tax laws and integration of the electronic signatures recommended by local tax authorities. Its software enables customers to mitigate the significant financial risks associated with electronic invoice regulatory compliance, including loss of the buyer’s right to reclaim VAT and mandated fines, while also enabling customers to support tax audits by government agencies on a country-by-country basis. TrustWeaver’s proven compliance methodology includes a thorough understanding and documentation of local tax regulations, which enable audit interfaces based on the specific needs of local tax auditors.
About Sterling Commerce
Sterling Commerce, a subsidiary of AT&T Inc. (NYSE:T), has more than 30 years of leadership and expertise in helping FORTUNE 500® customers thrive in a global economy by optimizing the performance of their business communities. With nearly 30,000 customers worldwide, the company is one of the world’s largest providers of multi-enterprise collaboration solutions. Sterling Commerce has unparalleled experience in the retail, consumer packaged goods, manufacturing, financial services, healthcare and telecommunications industries. For detailed, up-to-date information about Sterling Commerce and its solutions, visit www.sterlingcommerce.com.
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