Archive for Latin America

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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Invoiceware revenue grows 300 per cent in 2013, processing USD 70billion in invoices

In 2013, Invoiceware has increased net new revenue by 300% compared to 2012 while processing more than 70 Billion US Dollars of invoice volume for multinationals operating in Brazil, Mexico, Chile, and Argentina. Achieving record growth in both revenue and network size, thanks to hybrid cloud deployment model. And there are some other 2013 Invoiceware International business highlights.

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Compulsary Mexican e-invoicing in 2014 [UPDATE]

Mexico’s taxing authority, the Servicio de Administracion Tributaria (SAT), announced last May 31 that all commercial invoice transactions sent by companies earning more than 250,000 Pesos annually must be submitted to the authority in a standard electronic format for approval effective 1 January 2014.
The mandate, which eliminates the use of the legacy CFD process, is expected to affect an estimated 500,000 companies, many of them multinationals with operations in the United States and Europe. Although the change has been expected for some time, the short notice has created a rush to bring systems into compliance before the end of 2013.

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The failure points in the traditional NFe on-premise einvoicing architectures

When you consider the issues and the overall cost to support three components, you can see why companies are looking to use the Brazil NFe version 3.1 upgrade to consider managed service providers that implement, monitor and maintain all three components as a complete end to end solution.
With the operational and audit issues at hand, wouldn’t it be nice to pick up the phone and call one expert, rather than going on “search & rescue” missions to find and fix the problem every time there is an error?

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Deadline for Brazilian Carriers to issue Electronic Invoice Expired

As from 1 December carriers must now be accredited with the SEFAZ tax authority in their state to issue CT-e. They must also be registered in the rest of the states where they operate, hold a digital certificate issued by an accredited KPI authority and adapt their information systems to be able to issue the new electronic document required to document the billing for their services. Edicom is such an organisation.

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Top 5 Reasons to use Brazil NF-e 3.1 with Managed Services in stead of On-Premise Solutions

December 11, 2013  |  Electronic Invoicing, Latin America, Legal

Brazil came out with their latest changes in July 2013 – version 3.1 of the Nota Fiscal process. ow is the time to compare your internal costs to solutions that take advantage of Latin America electronic invoicing in the cloud. Now is the time to compare SAP GRC NFe, Mastersaf and Synchro installations with managed service based solutions.

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Invoiceware International to Manage E-Invoicing for Brazil Nota Fiscal and Mexico CFDI for Kellogg

Invoiceware International is contracted by Kellogg to manage their electronic invoicing processes in Brazil and Mexico. By taking advantage of Invoiceware International’s SAP Electronic Invoice Apps and On Demand Latin America E-Invoicing Network, Kellogg’s will be able to eliminate the project and IT burdens caused by changing regulations, now as well as in the future. Creating simplified compliance with Brazil SEFAZ and Mexico SAT laws through packaged e-invoicing managed services.

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Argentina AFIP Mandates Factura MTX E-Invoicing Effective 1 January 2014

November 22, 2013  |  Electronic Invoicing, Latin America

Argentina announced 31 October 2013 that it would no longer support the “factura local” web service and would require companies to instead use the more detailed “factura MTX” web service instead, effective 1 January 2014. The local web service (also known as “sin details” or without line item level details) is a very high level summary of the invoice data containing “header” info only. The MTX web service contains this header level info as well as additional details at the line item level, including quantity, price and total amount for each item.

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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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