The Invoiceware International LATAM Compliance update: Mexico, Brazil and Colombia

Invoiceware International has tons of experience and knowledge in e-invoicing, AP automation and accounting compliance in Latin American countries. Underneath is an update of their most recent thoughts that they shared with te world.

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METRO SYSTEMS optimizes its data exchange with Comarch EDI

August 18th, 2016 by in Digitalisation, Electronic Invoicing

the IT service provider of METRO GROUP has chosen Comarch EDI. During the project the entire EDI communication of 234 hypermarkets and more than 20,000 distributors in 24 countries has been migrated onto the global platform of Comarch EDI.

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Smart tactics in e-procurement could save UK SME’s 106 billion GBP

August 18th, 2016 by in Europe, Procurement, Research

If British SMEs could realise even a small percentage of the estimated savings by e-procurement, profitability would soar and working capital as well as cash flow would be significantly improved, allowing businesses to be more agile and flexible.

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Saudi Arabia mandates B2B e-invoicing, as an respond to lower oil prices

August 16th, 2016 by in Asia, Compliance, Electronic Invoicing

The mandate will be gradually enforced and comes ahead of the introduction of new taxes over the next two years. The new taxation initiatives are part of the Saudi government’s aim to diversify its revenue streams while oil prices remain low.

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That’s how you do it: offer customers who register for ebilling a one-time $10 credit!

“By introducing this new $10 credit, we hope to be able to give customers who haven’t yet signed up for ebilling that little extra incentive.”. That’s the way!

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New approach: efficient invoice processing as an intangible asset

In this article on William Heitman explains that in the last 40 years, tangible assets have declined to 15% of business value, while intangible assets now generate 85% of value. This means that most intangible assets (and there value) are no longer comprised of trademarks and patents, but rather of "tasks", "processes" and "competences".

When we relate invoice processing to intangible assets, it is clear to see that e-invoicing and AP automation increases the value of this as an intangible asset dramatically. An interesting new approach to the value of e-invoicing, interoperability and AP automation.

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EDICOM leads European project to promote e-invoicing in public health

DICOM will set up a multi-syntax solution for each of the participants, enabling them to process invoices in several standards. This platform will also comply with the European semantic interoperability specifications. The doors are open for interested parties to participate!

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FIT Solutions announces its Supply Chain Finance Service in the Turkish finance sector

e-Finance is a FIT Solutions Supplier Financing Platform which steps in the situations where the corporations are required to collect their receivables earlier in order to make their payments regularly and on time.

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EDICOM Resource center: LATAM E-invoicing status Q3 2016

The EDICOM e-Invoicing Observatory has applied its knowledge to draft a guide with the requirements and technical features of the e-billing schema in different Latin American countries. Find out how to approach this technological challenge successfully with EDICOM’s White Paper.

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The e-invoice to be used as a secured asset in Colombia

The Ministry of Trade and Industry of Colombia has joined forces with the major e-invoicing service providers, among them EDICOM, to ensure that the new electronic invoice acts as a securitised asset when companies ask for an advance on their payments from credit and financial institutions.

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