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 

Mexico CFDI - What do you mean I have to manage printers?

Who would have thought that one of the key components of an electronic document would be a printer? Aren’t printers for paper and isn’t this a contradiction to an electronic invoice? In the case of Mexico, printing the invoice doesn’t refer to the one you send your customer. In this case, it is required to be on the truck in order for you to ship...

07 August 2013 /regulation

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Brazil Nota Fiscal: NFe v3.1 2014 mandated change

The Brazilian SEFAZ, tax authority, in combination with the ENCAT, the technical arm of the SEFAZ, has just published the latest version of Nota Fiscal as of July. In future blogs, we will be discussing the impact to the current processes; however, these are the key items your teams should be aware of concerning the timing and breadth of the ch

06 August 2013 /regulation

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Mexico CFDI - Remember the ERP Configuration

In my previous article concerning Mexico CFDI electronic invoicing, we focused on the logistics and shipping aspects of the CFDI legislation. The lesson learned from that article was: the new laws affect your ability to ship, so make sure you don’t just contract with a single point of failure. Instead, ensure you have built-in contingency and a m...

01 August 2013 /regulation

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Mexico eInvoice - The single point of failure

In my previous article, we discussed the common issues that are starting to make their way to the operational and finance teams. Many companies are setting themselves up for customer service issues, delayed payments, and most importantly delayed or lost revenue recognition as they implement their Mexico CFDI electronic invoicing strategy. In thi...

31 July 2013 /regulation

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Mexico einvoicing: 5 Questions to Ask a PAC

There is a lot of confusion in the marketplace for solutions for Mexico CFDI. To make matters worse, the timeline for implementing CFDI is looming just around the corner on December 31, 2013. In conversations with many companies, we are seeing a wide variety of solutions. Here are the five mission critical questions you need to ask your potential...

25 July 2013 /regulation

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Latin America Accounts Payable - Key Issues in the Region

To successfully implement Account Payable E-invoicing or Shared Services in Latin America, you will need a regional solution approach that is addressing the issues, culture and technical requirements. There are a lot of companies that will claim electronic invoicing compliance through some signing partners, but it is important to understand the r...

25 June 2013 /regulation

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Mexico CFDI eInvoicing - Red Flags to Avoid

So, you have received the news by now. And, most likely the Mexico change is starting to make waves through the organization. Well, hopefully it is making waves because if it’s not, it surely will come crashing down January 1, 2014. We estimate that 20% of multinationals or more will struggle to meet the deadline because they will fail to evalua...

19 June 2013 /regulation

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Mexico eInvoicing - NO CFD Grandfather clause, You Must Move

With the announcment on May 31, 2013 of the updates to einvoicing in Mexico, there is a huge amount of interest - yet one potential failing of many companies. CFD is sunset, there are no "grandfather" clauses in the updates. Many organizations have been lulled into a peaceful sleep with the older knowledge that the government would still ...

04 June 2013 /regulation

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Mexico Changes eInvoicing Law - Deadline Set for Dec 2013

Today, May 31, 2013, the Mexico SAT, their governmental tax agency, announced the mandatory transition of all invoices, for companies generating more than 250,000 pesos in revenue annually, to an electronic process known as CFDI. With nearly 500,000 organizations potentially having to switch by the end of 2013, there will be a mad rush to identify...

31 May 2013 /regulation

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Mexico eInvoicing - Are you prepared for CFDI

The chatter has begun in Mexico around the upcoming changes to CFDI. With more than 500,000 companies potentially affected, there is a lot of posturing by solutions in the market place. But what is important and can derail your transition is not the obvious, but what is in the details. If you overlook these following requirements, you may find you...

21 May 2013 /regulation