Archive for Compliance

InvoiceSharing Makes Electronic Invoicing 100% Free and Premium. Guaranteed!

As of today electronic invoicing is fully free from anywhere in the world. InvoiceSharing is the first company to make the total process free, that is: from sending electronic invoices to importing them into financial accounting.
A revolutionary innovation that is available to any company as of today. A business model considered ‘impossible’ by the industry is now the new reality. A revolution for providers of paid electronic invoices. Integration to any financial system is free. Sending and receiving of invoices is also free. The entire process is accredited by the accounting firm Ernst & Young.

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Preventing fraud using e-Invoicing and strict internal controls

November 27, 2013  |  Compliance, Invoice Automation

Last year Danny Thompson wrote a blog post on how e-Invoicing is uniquely equipped to help companies prevent invoice fraud. A recent news story is a reminder of the need for robust internal processes to mitigate abuse. Two AP employees at a telecommunications company manipulated the system to issue duplicate payments, defrauding the business of more than $900,000. That’s enough money to make a CFO need CPR, especially given the US-based Association of Certified Fraud Examiners’ estimate that organizations around the world lose 5% of their annual revenue to fraud. The good news is that much of this can be prevented using e-invoicing and strict internal controls.

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Invoiceware International Releases SAP E-Invoicing Inbound Receiving and Accounts Payable Solution for Mexico Electronic Invoicing

Invoiceware International extends their native SAP ERP electronic invoicing applications for Mexico to support inbound invoice processing and commercial compliance, also known as three way matching. With some 500,000 companies transitioning to electronic invoicing by January 1, 2014, multinationals need to adapt their inbound receiving and invoice approval processes to handle XML. Companies should expect upwards of 80 to 90 percent of supplier invoices to transition to electronic formats due to this legislation.

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Barry Callebaut selects Anachron for a global hybrid e-Invoicing solution connected to SAP

Within a short timeframe, Barry Callebaut will serve 100% of its customers online, with over 150K e-invoices per annum. To ensure a smooth transition, paper and electronic invoicing are combined in one solution. Initially, the e-Invoicing portal will be available in eight languages, with more languages and orderto-cash functionalities planned for phase two.

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10 E-invoicing and invoice automation news bites you might have missed

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, invoice automation, order to cash, purchase to pay, payments, compliance or e-procurement. And because we do want to give you the opportunity to get informed about what is going on, we provide you with this news flash.

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Combatting fraud and increasing security with the Brazilian ‘Receiver Respons’

Brazilian NF-e legislation prescribes that electronic invoice NF-e receivers have to perform process updates towards the tax authorities on the e-invoices received. The Receiver Response has already been made mandatory for fuel distributors, service stations, carriers and retail fuel resellers. And it is expected to be extended the next few years.
The first aim of the mandatory use of "receiver responses' is to provide greater security in combatting company fiscal transactions. It also provides the receiver with legal security. For example, an Invoice for which the confirmation event is issued can no longer be cancelled by the issuer.

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Finally, the first ebilling consumer protection regulation is a fact!

Finally, the first ebilling consumer protection regulation is a fact!

Until recently, there was some divergence in Ireland between service providers who provide consumers with paper bills and those who have migrated their customers onto electronic bills (e-bills or online bills). This led to different levels of consumer protection.
However, new conditions were introduced by ComReg on 6 June 2013 (ComReg Document 13/52). All providers offering pre-paid and/or post-paid services will need to familiarise themselves with the new requirements and ensure they can comply by the end of the transitional period. The conditions came into effect at the beginning of August 2013.

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EDICOM Expert Analysis: Electronic Invoicing in Brazil. NF-e, CT-e, NFS-e

Billing processes in Brazil are subject to compliance with certain tax obligations involving the declaration of trading transactions to the Brazilian tax authorities. The Brazilian tax system is largely based on the application of charges that vary in line with the movement of goods by companies throughout the Brazilian territories.
To give an overview of what is required in Brazil, EDICOM has delivered an Expert Analysis of Electronic Invoicing and transport documents in Brazil (mandatory as from December): DOWNLOAD THE ANALYSIS (ENGLISH), DOWNLOAD THE ANALYSIS (PORTUGUESE), DOWNLOAD THE ANALYSIS (SPANISH)

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How to achieve International Compliance for your e-Invoicing? [Free White Paper]

AuthentiDate (a leading IT security specialist for international e-Invoicing processing) has released a free downloadable comprehensive e-Invoicing white paper covering legal frameworks for electronic exchange of invoices.
The 35-page E-invoicing White Paper: explains the legal situation in a simple and easy to understand way, and it clearly lists national requirements for sending and receiving electronic invoices throughout all EU countries and selected countries in Europe, Asia and Americas, i.e. Switzerland, Hong Kong, Mexico and United States of America.

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Boost your SAP: Integrated Freeware for Compliant E-invoicing [Webcast 18.10]

October 12, 2013  |  Compliance, Electronic Invoicing, Events

Logistics, manufacturing, integrating new business partners - regardless of industry, companies today are constantly experiencing change. As new business processes and workflows are being developed, they need to be modelled in your SAP system.
If an existing, standard SAP solution is not available, creating new, custom solutions can be extremely costly and time-consuming. So why not take a look at their award winning SAP Solutions that allow you to manage and monitor your SAP system quickly, easily and transparently?

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