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 

Brazil - Accounts Payable eInvoicing Mandates in 2013

There have been a number of requests coming in to cover the basics for Brazil Nota Fiscal Inbound. Remember, that the validation of all inbound supplier Nota Fiscals is mandatory. Many companies are still accomplishing this manually. One company had over 15 individuals manually entering supplier invoices into the government portal. Another compa...

29 April 2013 /regulation

Retired Member 

Brazil Nota Fiscal - Manage In House or Managed Service

There is a definite trend for multi-nationals to move away from managing in house software solutions because of the maintenance difficulties imposed by the changing legislation in Brazil. Many companies looked at Brazil Nota Fiscal over the past few years as just another invoice process and compliance solution that could be managed by internal st...

26 April 2013 /regulation

Retired Member 

SAP Mexico eInvoicing - AP and VAT Remittance Issues Ahead

In my last post, we discussed the key issues facing global organizations as the Mexico government continues to implement and push the usage of CFDI. I wanted to expand upon the potential issues facing Procurement and Accounts Payable users and managers as I feel it is an underestimated issue. As discussed, 90% of invoices in Mexico today fall un...

03 April 2013 /regulation

Retired Member 

Mexico eInvoicing - Top 5 Issues when migrating to CFDI

Last week while at a Financials conference I wrote about the “calm before the storm” – basically what will happen when the Mexico tax authority mandates the use of CFDI. As I stated in that blog, more than 90% of all invoices in Mexico are still on a legacy version called CFD, not the version of CFDI which requires real time government validation...

28 March 2013 /regulation

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Mexico eInvoicing - The calm before the CFDI storm

As I was preparing to leave for a Financials conference on Monday of this week, I was welcomed by the transition into Spring. And in Atlanta, this means thunderstorms and flight delays. There is always a strange moment in the south that precedes most any thunderstorm -- a quiet calm. And then all of a sudden, the wind picks up and the rain pours....

21 March 2013 /regulation

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eInvoicing - contracting considerations in Latin America

I had an interesting conversation, concerning Latin America eInvoicing, with a CFO for a Fortune 500 multi-national yesterday. And this time, the conversation was not about the legislation that I typically write about or discuss. This time it was about the risks associated with using non-integrated, local vendors to manage eInvoice compliance. H...

18 March 2013 /retail

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New Oil and Gas - Brazil eInvoice Mandate

In previous articles, we discussed the concept of Eventos that the Brazil tax authority was evaluating. And as always, the first wave of inbound receiving mandates are already hitting specific industries. Currently, the concept of Eventos is mandated to be implemented for Oil and Gas companies. The mandates fall into two basic industry categorie...

06 March 2013 /regulation

Retired Member 

Brazil eInvoicing - Production Support is the Real Cost

Over the last year, many companies have been re-evaluating their strategy for managing Brazil Nota Fiscal and Latin America eInvoicing in general. These changes are due to Production Support issues and costs of in-house solutions. Many companies don't fully understand the issues with purely in-house software, so in this blog we are covering some ...

28 February 2013

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AP eInvoicing: Top 5 Differences Latam vs Europe

As discussed in previous blogs, there are many differences between eInvoicing in Latin America and the rest of the world. This includes Europe specifically. In this article, I specifically point out the key differences from the Accounts Payable perspective. With the new legislation in 2012 mandating inbound einvoice validation in both Mexico and...

13 February 2013 /regulation

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Mexico Inbound eInvoicing Requirements 2013

Even with the newly announced December 28th mandates by the Mexico SAT, there is still quite a bit of confusion in the marketplace. If you run a Shared Services environment or if you are in charge tax compliance or account payables, here are four issues you or your service provider should be able to answer. How will you deal with the inbound XML...

05 February 2013 /regulation