Volvo Cars Netherlands Uses Anachron Corporate E-Invoicing Platform to Digitize Workflows and Improve Financial Reporting

December 21st, 2014 by in Electronic Invoicing

Volvo Cars Netherlands has moved 100% of its invoices online, using Anachron’s corporate e-invoicing solution, closing the books 1.5 days faster each month, increasing financial transparency and strengthening decision making. And saving approximately 45,000 man hours every year.

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Latin America is at the forefront of mandatory electronic invoicing

December 21st, 2014 by in Adoption, Electronic Invoicing, Latin America

E-invoicing is expanding rapidly worldwide. According to Billentis, this year roughly 40 billion invoices will be exchanged in this format. Of these, more than half, about 25 billion, correspond to Latin America. Time to take a look at the situation in Mexico, Brazil, Chile, Guatemala, Uruguay, Ecuador, Argentina, Peru and Costa Rica….

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Chile DTE & Libros Reporting. Invoiceware has the solution

With the announcement of mandatory electronic invoicing in 2014, Chile moves into a unique group of countries focused on driving automation through the economy. With one of the most comprehensive compliance environments in Latin America, it almost always affects your entire operation – including finance, accounts receivable, accounts payable, inbound receiving, and shipping.

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Expert Analysis: FACTURAE 3.2, Technical Requirements for General Entry Points for E-Invoices (PGEFe)

December 15th, 2014 by in Electronic Invoicing, Latin America, Legal

A resolution published in the Official Gazette last October sets out the technical requirements for general entry points for electronic invoicing. In this Expert Analysis, EDICOM Pre-sales Manager Miguel Soler analyses the implications of these requirements for Public Administrations and their providers.

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12 E-invoicing and AP Automation bites you may have missed last month

We continuously collect news items that for some reason don’t make it to a full post here at the E-invoicing Platform. News from the world of on e-invoicing, payments, invoice automation, order to cash, purchase to pay, compliance or e-procurement. And because we do want to give you the opportunity to get informed about what is going on all over the world, we provide you with this news flash.

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LATAM E-invoicing mandates drives supply chain adoption

Supply chain finance encourages collaboration between a buyer and seller rather than each party working solely for self-interested purposes. Though supply chain finance has been around for a number of years, there’s an argument to be made that the government mandated e-invoicing system that’s in place throughout much of Latin America may help to further drive financing in the supply chain.

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When will the trade finance world see the future? [Opinion]

Companies are moving into open account trade relations. Banks’ role is limited to money transfer and fees made, in letter of credit methods are now gone. Apparently with the Bank Payments Obligation, SWIFT has once again thought to have found a cure (after its failed TSU product) to recapture the dying trade income.

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Mexico eContabilidad SAT updates focus on Corporations in 2015

The Mexico SAT has doubled down on their eAccounting requirements with a focus on corporations. While the go-live date has transitioned from January 25 to March 3rd, this doesn’t mean you should delay your implementation. Watch this 20-minute overview to understand the key changes and how they will affect your company going forward.

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Beijng expands electronic invoicing pilot

December 8th, 2014 by in Adoption, Asia, Electronic Invoicing, Government

The Beijing IRS revealed that the Beijing Council and the Municipal Commission of Commerce, Local Taxation Bureau, City of Industry jointly issued notice on “further promotion of electronic invoicing and some public matters” In this notice the current e-invoicing pilot areas will be expanded to a large-scale retail, telecommunications and finance, insurance and other fields.

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Only 7% of of 24% Slovenian e-invoices were in structured format

December 8th, 2014 by in Adoption, Electronic Invoicing, Europe

E-invoicing is most widely used in large companies (24%) followed by medium-sized companies (8%) and small companies (6%). Some 35% of large companies issued invoices in electronic form that are not suitable for automatic processing. On the other hand, 77% of companies issued only printed invoices to other companies or public institutions last year. E-invoices were received by 16% of companies.

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