Archive for Latin America
As of August 1st, 2013 the Brazilian State Department of Finance (SEFAZ) makes it mandatory for all businesses and self-employed workers providing transport services in Brazil to generate an electronic file with the service provision details, which must be sent to the tax administration by electronic means.
The CT-e or electronic bill of lading for transport is the new electronic communication model imposed by the SEFAZ, whereby companies involved in the transport of goods subject to Brazilian taxation are required to create and store an electronic file for each service provided to their clients.
More and more multinationals are looking for ways to bring the different branches of their global companies together on one platform. As more governments begin to mandate e-invoicing and other business processes, having a unified solution that works across borders will be critical.
Lear understands this. With 113,000 employees and 221 locations in 36 countries, it faces the challenges that a lot of global enterprises are confronting today. By working with Tradeshift they'll be able to ensure compliance and scalability in every region they do business. And Tradeshift provides the answer.
With Mexico's January 1, 2014 CFDI mandate looming, and other countries following suit, multinationals everywhere are evaluating the best solutions for meeting the complex compliance regulations. Tradeshift ensures documents sent and received on the platform meet these standards and are compliant with the CFDI format. Tradeshift will begin the implementation and onboarding of Lear's suppliers throughout North America and Mexico.
This presentation is a shorter executive level version of a webinar that was recorded in May 2013. It provides some insights into some of the challenges faced by manufacturers who need to embrace the various e-invoicing regulations in different countries around the world.
The key focus regions are EMEA, Brazil and Mexico where eInvoicing regulations are starting to impact businesses in these regions. Please don’t forget to view the full length webinar which you can find here in the resources area of our website.
Meeting e-invoicing compliance in Brazil is complex and requires careful constant monitoring. While e-invoicing adoption is high in Brazil, this complexity is why most service providers only help companies meet the government’s minimum requirements.
But now there is a strategic partnership between Comprova (an officially accredited Brazilian certification service provider and digital signature platform) and OB10. Comprova’s certification solution creates legally compliant invoices for goods, services and transport in BRAZIL. By combining this with the flexibility of the OB10 network, invoices are validated against government and buyer-specific requirements to ensure they are processed and paid faster. Bringing compliant e-invoicing to the next level.
Chemtura Corporation, a global specialty chemicals company, selects Invoiceware International to deploy and manage their electronic invoicing processes in Brazil, Mexico and Argentina. By taking advantage of Invoiceware International's SAP(R) Rapid Deployment Templates (RDT) and OnDemand Latin America E-Invoicing Network, Chemtura is eliminating complexity in their upcoming Latin America SAP ERP implementation today, as well as eliminating future change-management issues and IT burdens caused by the constantly changing e-invoicing regulations.Read More
Tradeshift and InvoiceWare International announced a partnership for guaranteeing compliance, supporting domestic and cross border invoicing, and providing automated three-way match to validate documents to Latin American businesses and multinationals.
The partnership allows enterprises on the Tradeshift platform to take advantage of the validation and compliance technology provided by Invoiceware International. Together, they provide a seamless solution by ensuring invoices exchanged with companies in these countries meet and abide the regulations.
Chile was one of the first movers in electronic invoicing and they have one of the more complex environments. The Chilean electronic invoicing model combines elements of the batch-oriented folio scheme used in the legacy Mexican CFD model along with the real-time communication as found in Brazil and Argentina.
Currently, there are 12 types of electronic fiscal documents, referred to collectively as “Documentos Tributarios Electrónicos” or DTE. Combined, e-invoicing in Chile has its merits
Edicom’s expansion in the American continent continues, extending their technical e-billing platform with the development of technical and legal solutions in line with Uruguayan and Chilean government requirements.
Their international electronic billing platform is now adapted to the scheme set forth by the Uruguayan DGI (General Tax Directorate). And the EDICOM international electronic invoicing platform has now been implemented with specific services for the generation, transmission and receipt of the DTE (Electronic Tax Document) from Chile.
The inbound process in Brazil is very complex because of the 3 types of invoices: F-e Goods, NF-e Service, and CTe – Transportation Invoices. The validation of all inbound supplier Nota Fiscals is mandatory.
Many vendors including the ERP vendors are not able to support the entire process – especially Service Invoices and CTe. One company had over 15 individuals manually entering supplier invoices into the government portal. Another company had over 20. You can automate and should automate this process. This is how….
Many companies in Brazil with SAP are either looking to consolidate legacy systems onto a centralized SAP system, or they are looking to transition Procure To Pay processes into a Shared Service environment. InvoiceWare wants to provide you with the key considerations for SAP Brazil implementations. Many of these are often overlooked during the discussion of bringing Brazil into the SAP or Shared Service process.Read More