Pagero at a glance
Pagero develops a cloud-based, automated global communications network that enables business to send, receive and handle documents in the purchase-to-pay, order-to-cash, and logistics-to-pay processes, ensuring compliance with local regulatory and reporting requirements. The company is a global leader operating in a growing market supported by digitalization, ESG, and regulatory tailwinds. Pagero has customers in 140+ countries, low churn, more than 5m transactions per month, and a network that reaches 12m+ companies.
The challenges we face
The product improves business regulatory compliance and helps reduce the VAT gap and increases tax recovery and thus benefits governments worldwide. Moreover, it improves efficiency by automating global format and standards translations and by eliminating errors and busywork in important sectors, e.g., the healthcare and the public sector, where Pagero has a large customer base. This also helps reduce the environmental footprint by reducing paper use.
of expected VAT revenue lost due to noncompliance across the EU 271 amounting to EUR 134 bn in 2019
of companies in 2025 expected to be forced to only use e-invoices
How does Pagero help?
Corporates struggle to meet compliance regulations due to a lack of a standardized process for business communications, leading to a widened VAT gap.
Pagero automates business transactions between stakeholders to ensure compliance regulations are met across markets.
Non-compliance and VAT loss is mitigated and efficiencies in transactions are realized, benefitting the government and the environment.
Who is impacted?
Civilians benefit as the VAT gap is diminished, generating more resources for governments. Emerging economies benefit disproportionately from expanded financial infrastructure. The planet benefits from minimizing the carbon footprint of financial transactions.
What are the impact considerations?
Pagero enables corporate stakeholders to comply with regulations across markets and minimize the VAT gap.
Impact is less clear if Pagero primarily works in markets where the VAT gap is meaningfully more present.