Archive for Compliance

SAP Hybrid Cloud Part 2 of 4: Proves Successful for Latin America E-Invoicing Compliance

We welcome a series of blogpost from Steve Sprague, VP Product Strategy InvoiceWare:
"In follow up to his first article: SAP Hybrid Cloud Proves Successful for Latin America E-Invoicing Compliance Part 1, He goes into further detail on why the Hybrid Cloud model is taking over as the leading solution choice for compliance across Latin America.

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Hackers uses e-billing system connection to steal credit card data from 110 mln customers

Late 2013 Target (a massive US retailer) revealed it had been targeted by a team of unknown hackers, who managed to gain access to the personal info (and credit card numbers) of a whopping 110 million customers. It was, as onlookers noted at the time, a "disaster," and the impetus for at least one lawsuit.
Today comes news that the breach may have originated with Fazio Mechanical Services, a small heating and refrigeration contractor based in Pittsburgh.

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Christian Methe Named New CEO of AuthentiDate International AG

February 4, 2014  |  Compliance, Electronic Invoicing

The Supervisory Board of AuthentiDate International AG, a member of exceet Group, has appointed Mr Christian Methe as new Chief Executive Officer. In addition to business development responsibilities, he will assume management of the enterprise’s sales and consulting segments. As CEO of AuthentiDate International AG, Christian Methe now assumes responsibility for our global growth and yield-generating programs as well as the continued technological development of the enterprise portfolio.

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Question regarding Portuguese billing software certification updates

January 29, 2014  |  Compliance, Electronic Invoicing, Europe

Marta Padilla Miguel started this discussion in our LinkedIN group: "According to the Portuguese normative and decree of 2010 (363/2010) one of our billing solutions was certified. Recently we have been warned that there have been changes or updates to the normative, so we were looking for them on the AT webpage but couldn’t find them. We found only circular letter 50000 from 2012. But then, looking at some other webpage, we found there is a new decree (340/2013), we tried to go through it and doesn’t seem to affect us. I have some questions on this." Can you help here out?

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How to protect yourselves from counterfeit electronic invoices?

How to protect yourselves from counterfeit electronic invoices?

January 17, 2014  |  Compliance, Electronic Invoicing

The famous daily newspaper "Die Welt" reported that Vodafone customers currently receive fake mobile phone bills by E-Mail.
Currently many companies suffer from this problem. Such E-Mails are created by foreign, criminal hackers to spy out confidential data, transfer payments or install malware/hijackware. For these customers, it is hardly impossible to recognize the fact that wrong sender on first glance.

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Top 5 Reasons Why Brazil Nota Fiscal 3.1 prefers Managed Service Solutions over On-premise Solutions

Top 5 Reasons Why Brazil Nota Fiscal 3.1 prefers Managed Service Solutions over On-premise Solutions

The third part of this series on using the Brazil Nota Fiscal version 3.1 deals with the strengths of cloud and managed services over on-premise solutions. Especially issues concerning SAP customization and maintenance. This is mission critical especially if your organisation has a strategy of deploying a single instance of SAP ERP around the globe.
With so many complicated SAP issues, why do companies want to keep up with the legislation and constantly implement the changes? Especially, when the requirements are predominately the same for all companies? Managed Service providers provide two huge benefits over on-premise solutions..

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Argentina extends mandatory electronic invoicing to six new production sectors

On December 16, 2013, AFIP published General Resolution 3571/13, listing the new production sectors which in the coming months must join the special regime for issuance and electronic safekeeping of original invoices. The sectors to be mandatorily incorporated into the electronic billing system have been segmented into 6 different groups according to the type of activity they engage in. Gradually, all of them must migrate to the electronic billing system regulated by AFIP.

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Vietnamese Tax Office shifts to nationwide barcode einvoicing within 3 to 5 years

The Vietnamese is considering to roll-out nationwide e-invoicing within 3 to 5 years. Just like other countries, the Vietnamese government is considering a system that requires companies to register their (e)invoicing data in their own system as well in the Vietnamese tax system. After registering, companies can use a barcode in their brick-and -mortar logistics as a printed evidence that an invoice has been registered.
The tax office expects to expand e-invoicing to 50 per cent of all enterprises after 3-5 years, and to all of the country's enterprises in the following 3-5 years.

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Spanish Facturae to cut Public Administration debts to suppliers

On 23 October, Congress approved the law promoting electronic billing and the creation of a single Accounts Register for payments in the Public Sector, which comes into force as of next year, 2014. This drive towards a paperless Public Administration. But in addition to this, Facturae is also an excellent way to cut down on Public Sector late payments to suppliers. As of January this year, all Administrations will have an accounting record for invoices, whose managers will forward the information on invoices received to the Tax Authority. This will also allow for better knowledge of payments pending, and therefore greater control of any possible delays that might occur.

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OB10 and Digital Planet team up to provide mandatory compliant e-invoicing in Turkey

December 30, 2013  |  Asia, Compliance, Electronic Invoicing

From January 2014, new Turkish regulations will require certain companies to adopt e-Invoicing. To help organisations remain compliant, OB10 and Digital Planet (a major Turkish e-Invoicing solution provider) announced a partnership to bring compliant electronic invoicing and process automation to Turkey.
In addition to adhering to regulatory requirements, the alliance offers organisations the benefits of streamlined processes, improved payment performance and the ability to capture early payment discounts.

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