Electronic invoicing

A discussion and guidance on the path to full scale adoption of electronic invoicing by corporates, goverments, SME's and consumers, creating savings up to € 60 billion in 2020. With a focus on: trends, business models, processes, technology, and legal issues.

Retired Member 

7 Ways to Optimise your Corporate Clients Liquidity

Access to liquidity and working capital management are top of the agenda for corporates in these testing times. Even though interest rates are at an all time low, Corporates are finding it difficult to readily access capital to assist them in their day-to-day operations. There are many ways a corporate can improve their cash liquidity and optimise...

12 July 2012 /payments

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Mexico eInvoicing - Inbound Validation is Required

One of the top questions that comes up in virtually every Mexico e-Invoicing meeting is: Do I really need to do the inbound validation of invoices? Many companies think that they don't have to do the inbound validations; however, this oversight can lead to jail time and heavy fines. There reality is that if you must validate inbound supplier inv...

11 July 2012 /regulation

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Argentina AFIP - eInvoicing Basics

Legal requirements for invoicing are constantly changing in Argentina. While they are mandatory for some industries, others are still receiving future timelines from the Argentinean tax authority Administración Federal de Ingresos Públicos (AFIP). Today organizations need to consider solutions for Type E export invoices, as well as the new regulat...

27 June 2012

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2012 Mexico CFDI - eInvoicing Basics of the Mexico SAT

As discussed in the past, we highly recommend your organization look at packaged solutions to solve compliance for Mexico CFDI. However, if you are looking to understand the process flow for an outbound Invoice in Mexico and the complexities -- below is what you will have to build. Remember, sending/receiving from the government is just part of th...

18 June 2012

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Brazil Nota Fiscal 'NFe' - eInvoicing Process August 2012

The SEFAZ (Brazilian Tax Agency) is expanding the NF-e scope using an Event Orchestration Model for processing of inbound invoices. Earlier in 2012, the announcement was made that both transportation invoices as well as inbound NFe information would have to be stored in your back-end system of record. Additionally, the signing attributes associat...

13 June 2012

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Mexico CFDI - eInvoicing 2012 Legislation

On January 1, 2011, Mexico began requiring companies to integrate with the Mexico Tax Authority (SAT) for real-time issuance and approval of electronic invoices. Non-compliance with Mexico’s Servicio de Administración Tributaria (SAT), is the same as tax fraud and means not only heavy fines, but potential criminal charges and jail time for the res...

05 June 2012

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Brazil Nota Fiscal - The Basics

The Brazil tax authority, also known as SEFAZ, imposes a defined electronic standard format that all companies must adhere to closely. This “Nota Fiscal Eletronica” (NF-e) format is officially recognized as the sole and only invoice document of record for tax compliance purposes. Basic Requirements Real time integration with Brazilian Tax Author...

29 May 2012

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Brazil Transportation Invoice Mandates

Brazil continues to add and update their Nota Fiscal legislation. Today, I wanted to discuss the importance of Transportation Invoices, as these will be mandated starting in September 2012. The Transporation Invoice, also known as the Conhecimento de Transporte (CT-e for short) was added to the legislation as a mandatory electronic document base...

15 May 2012

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Latin America eInvoicing vs. European Union eInvoicing

Top 5 Differences You Need to Understand - Using SAP ERP as a Baseline One of the most common mistakes made in approaching electronic invoicing in Latin America is thinking that the process is similar to the European Union. Simply, EU eInvoicing is not the same as Latin American electronic invoicing. In this commentary, we focus on the top 5 diffe...

07 March 2012

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Mexico SAT - New 2012 Changes for E-Invoicing

When organizations first hear the term electronic invoicing, they often immediately think of accounts payable solutions. However, the real issue at hand for global companies is compliance - which encompasses not only supplier invoices, but also outbound invoices to customers (accounts receivables). This one word, compliance, will be the dominatin...

07 March 2012