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 NFe v3.1 - Part 2 of 6 - Onpremise versus Cloud

Top 5 Reasons Why Companies are Using Brazil version 3.1 to Transition off of on-premise solutions in to Managed Service Solutions In the second part of this series on using the Brazil Nota Fiscal version 3.1 changes to evaluate the strengths of cloud and managed services over on-premise solutions. I wanted to discuss the concept of failure points ...

18 December 2013 /regulation

Retired Member 

Brazil Nota Fiscal version 3.1 - Onpremise software or Cloud

Top 5 Reasons Why Companies are Using Brazil version 3.1 to Transition off of on-premise solutions Brazil came out with their latest changes in July 2013 – version 3.1 of the Nota Fiscal process. And for the local and corporate ERP teams, this is the latest (and largest) challenge for maintaining compliance with the laws and legislation for elect...

10 December 2013 /regulation

Retired Member 

Brazil einvoicing checklist for 2014 mandates

In our continued conversations with multinationals around the new version of the Nota Fiscal process and schema, we continue to find that many companies don't fully understand the breadth of the legislation. While this is not as humorous as the David Letterman show, it should be a checklist that all managers of global SAP applications and support...

05 December 2013 /regulation

Retired Member 

Argentina makes einvoice changes effective Jan 1, 2014

Are you part of the tax regimes that the mandate effects? Argentina announced last October 31, 2013 that effective January 1, 2014, it would no longer support the “factura local” web service and would require companies to instead use the more detailed “factura MTX” web service instead. The local web service (also known as “sin details” or without ...

13 November 2013

Retired Member 

2014 ERP Upgrade Budget Risks in Latin America

In 2014, Latin America has announced new tax and electronic invoicing policies which will divert IT funding and staff away from strategic initiatives while exposing multinationals to potential operational shut downs and severe financial penalties. If you are running a single ERP global instance or you are implementing a consolidated ERP in Brazil,...

06 November 2013 /regulation

Retired Member 

Mexico e-invoicing means Account Payable validation for 2014

I was on the phone with two Fortune 500 companies yesterday to discuss Latin America electronic invoicing. And as I often am, was shocked that they had taken no steps toward implementing Mexico CFDI invoicing either on the outbound side nor on the inbound supplier side. In our conversations with the accounts payable team, the inbound Buyer side ...

31 October 2013 /regulation

Retired Member 

Latin America einvoicing policy and the FCPA legislation

The government has visibility into every single one of your invoices – Do You? As we continue to explore transparency and risks in Latin America, I wanted to continue on the topic of the Foreign Corrupt Practices Act and how it is related to the electronic invoicing issues we discuss all the time in Latin America. The audit exposure is not solely...

23 September 2013 /regulation

Retired Member 

Doing Business In Latin America - FCPA and einvoicing

Does Your Local Supplier Have Best Practices In Place So That Your Company Can Avoid Liability Under The FCPA? I read an interesting article the other day, and wanted to discuss the importance of electronic invoicing in Latin America when considering the Foreign Corrupt Practices Act. I think all too often we get focused on the technology and forg...

11 September 2013 /regulation

Retired Member 

Brazil NFe Upgrades - Considerations as You Evaluate

Should you evaluate an alternative to your NF-e solution with the new legislation in Brazil? Many companies when first faced with the electronic requirements for electronic invoicing in Brazil turned to their ERP providers. But the lesson learned over the past few years is that the real cost of NF-e is not the first implementation, it is the const...

27 August 2013 /regulation

Retired Member 

Mexico CFDI - Customers can create Chaos

Mexico CFDI PAC Strategies (Part 4 of 5) - Customers create Chaos It should not be forgotten in this discussion around government XML standards and compliance mandates that the purpose of an invoice (electronic or paper) is to get PAID. A few things that you need to be aware of concerning the distribution of the invoice, as it is not common for t...

08 August 2013 /regulation