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.

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Selecting the Right eInvoicing Solution for Latin America

Over the last few months, there have been a number of announcements by vendors stating that they are now supporting the einvoicing process in Latin America - specifically Brazil Nota Fiscal and Mexico CFDI. Many of these vendors are either traditional European signature providers, Supplier Networks, eInvoicing Networks, and B2B Managed Service pr...

11 January 2013 /regulation

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Nota Fiscal for Services for Inbound AP Invoices

In this article, I focus more on the issues faced with Nota Fiscal for Services when looking at the compliance tasks from an Account Payables point of view. Remember that Service invoices are handled much differently than invoices for goods. Here is a quick overview for background: NF-e for Goods vs NFS-e for Services Goods Oriented NFE Taxes as...

13 November 2012 /regulation

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Invoice fraud in Australian Local Govt.

In October 2012 the (Australian) NSW ICAC published its report INVESTIGATION INTO ALLEGATIONS THAT STAFF FROM A NUMBER OF LOCAL COUNCILS AND OTHER PUBLIC AUTHORITIES ACCEPTED SECRET BENEFITS FROM SUPPLIERS AND THAT STAFF FROM TWO LOCAL COUNCILS FACILITATED PAYMENT OF FALSE INVOICES FROM SUPPLIERS (www.icac.nsw.gov.au). This report made 15 corrupti...

08 November 2012 /regulation

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New Brazil Nota Fiscal Inbound Process Changes 2013

There have been a lot of changes in 2012 concerning Brazil's Nota Fiscal legislation. First, we saw the mandate for the CT-e (transportation invoices), then we saw the CCe (correction notice), and now we see adjustments with the release of the Manifestação do Destinatário, which focuses on Inbound Events. There are two main reasons why the recepti...

22 October 2012

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Mexico eInvoicing - September 2012 Updates to CFDI

As always, there are constant changes and alterations to the laws for Latin America electronic invoicing. And, well we expect to see more out of Mexico towards the end of the year -- Here are some of the key amendments to the 2012 legislation that came out in September of 2012. Regimen fiscal to be mentioned in the “comprobantes” is repealed. T...

08 October 2012

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AP e-Invoicing: Go Beyond the Operational Issues

Over the past 10 years, I have seen the terminology of e-Invoicing mean many things. In most cases, many managers will still view this as eliminating paper via OCR and Workflow -- well others now view the term synonymous with government compliance. However, the one concept I have yet to hear in my meetings around e-Invoicing is "Strategic"...

25 September 2012

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Mexico eInvoicing CFDI 2013 - No Time to Waste

There is a small storm of activity coming in the next 18 months. And even though it is hurricane season, I am not speaking about rain and wind. I am speaking about the transition from CFD to CFDI for Mexico eInvoicing compliance. Many companies are coming up on their deadlines for CFDI in December of 2012 and early Q1 of 2013. However, many compa...

13 September 2012

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Latin America Proves that eInvoicing can be Successful

The goals of eliminating tax evasion and black market goods has definitely been achieved through the mandatory enforcement of electronic invoicing by Latin American governments. For example, Brazil has processed more than 4.5 Billion electronic invoices from more than 800,000 plus registered tax payers. The general benefits include: Companies no...

04 September 2012

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Accounts Payable Benefits of Brazil Nota Fiscal

Over the past few months, I have written a lot about the dreaded compliance mandates in Latin America. Unlike the US and Europe, Latin American countries including Brazil and Mexico have forced the adoption of electronic invoicing. And yes, most people when they first realize the complexity are more then taken aback by the workload ahead. However...

20 August 2012

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eInvoicing Latin America - Guatemala Legislation

Guatemala’s Tax Authority, in August of 2011, passed a bill that introduces amendments to the board resolution number 024-2007 which establishes an optional electronic invoice system ‘FACE’ for the authorization, issuance and transmission, conservation, storage and control of invoices, credit notes and debit cards via e-mail and the receipt of cop...

17 July 2012