Peru aims for full mandatory e-invoicing by 2017

September 30th, 2014 by in Compliance, Electronic Invoicing, Latin America

Some 250 of the largest Peruvian companies were obligated to implement an e-invoicing system as of 1 October 2014. Peru’s aim is that 100% of its taxpayers should be using e-billing by 2017. It is estimated that there are currently more than 7400 Peruvian businesses are already using electronic invoicing.

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Basware Pay: Creating Payment Energy (with e-invoicing) [Free report]

September 30th, 2014 by in Electronic Invoicing, Payment, Publications, Research

Over half (57%) of international businesses surveyed by Basware and MasterCard admit to having actively delayed paying their suppliers in the past 12 months. The findings underscore a late payment culture, which three out of four businesses now consider normal practice, and that is hampering in particular small and medium-sized enterprises (SMEs).

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Macedonia allows for e-invoicing in 2015. Not compliant with EU Directive

September 30th, 2014 by in Adoption, Compliance, Electronic Invoicing, Europe

Macedonian VAT laws have undergone a number of revisions in 2014. Published in the Official Gazette no. 130/2014 and effective as of 11 September 2014, the new Law on VAT makes VAT registration mandatory for companies with a turnover starting from USD 20,000. Also the new laws allows for e-invoicing as from March 2015. Albeit not in compliance with EU provisions on electronic invoicing.

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First Spanish Provincial Authority to be fully adapted to Facturae

It is estimated that with Facturae they would have saved roughly 40,000 Euro. For this reason, the provincial agency is promoting several information sessions for businesses and local authorities, to help promote electronic invoicing, even before the compulsory start-up scheduled for January 15, 2015.

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Short: Siemens selects Tungsten to process over 7 million invoices

Tungsten stated to have been selected by German engineering conglomerate Siemens AG to bring e-Invoicing to its business and suppliers around the world. According to Tungsten, Siemens receives and processes more than 7 million invoices annually from its supplier base. To put things in perspective: Tungsten Network processed 13.4 million transactions last year.

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SEEBURGER B2B Cloud Services receives highly regarded seal of approval

This seal confirms SEEBURGER Cloud Services use ISO27001 certified Germany-based data centers that adhere to Germany’s well-known data security laws covered by the Federal Data Protection Act (BDSG), which are observed and documented in customer contracts.

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Medius biggest and fastest growing provider in Sweden, according to report

Ever since 2004 Inspectum has performed measurements of electronic invoicing adoption in the Swedish market.The 2013 report shows that Medius is both the largest e-invoicing provider in Sweden, with a market share of 15.2%, and is also the fastest growing operator in Sweden.

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Leading pharmaceutical and healthcare companies choose Tungsten for e-invoicing

September 25th, 2014 by in Adoption, Electronic Invoicing

The latest organisations to have selected Tungsten Network include Fresenius Medical Care and Dana-Farber Cancer Institute. Seven of the twelve largest pharmaceutical companies in the world, ranked by revenue, now transact with their suppliers through Tungsten Network.

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Invoiceware launches necessary eContabilidad reporting tool

By mandating the use of electronic invoices in 2013, Mexico’s audit capability continues to evolve as the tax authority in the world that has insight into each invoice exchanged within the country. Additionally, the SAT now has the ability to audit tax payment accuracy and evasion in real-time with electronic accounting reports. And Invoiceware International has the tools to support all of this!

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eFinans acquires e-archive license, first step in Turkish B2C e-invoices

September 24th, 2014 by in Asia, Compliance, Electronic Invoicing, Legal

eFinans has recently acquired its license to become one of the few Turkish e-Archive solution providers. The e-Archive system facilitates the forming, safekeeping, legal presentation and reporting of all B2C and B2B invoices in electronic format.

The system is mandatory as of 1 January 2016 for firms making online sales in Turkey which have a gross sales of-over- 5 million Turkish Lire (1,745 million Euro / 2,234 million US Dollar) in 2014.

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