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Not only legal: 100 countries makes close to 100 different ways of taxing stuff, e.g. different VAT rules. Different rules for what must be specified on an in
by silvestrov 4y ago
Not only legal: 100 countries makes close to 100 different ways of taxing stuff, e.g. different VAT rules. Different rules for what must be specified on an invoice and how often you must invoice customers.
So finance part also gets really complicated.
- red-iron-pine 4y agoI was on a 1.5 year project related to SAP / ERP systems, entirely related to automated invoicing to LATAM and Eastern Europe countries. We spent a lot of time -- like A LOT of time -- on tiny things like how some countries use single or double quotations (e.g. guillemets « », or bottom quotes like „hello"), or how some countries use . and , differently for writing numbers ($1,999.99 vs 1.999,99). Seems dead-simple, but multiply that out across many different countries, regulations, taxes, and systems and we ended up with a core team of roughly 15 hammering away at this; factor in different stakeholders, managers, contractors, vendors, etc. and maybe 150 people worked to fix these otherwise simplistic issues.
- twblalock 4y agoDon't forget the legal team that has to deal with your company getting sued if you make a simple, honest mistake somewhere in this complex process!