Basware has signed an agreement for the delivery of accounts payable automation and e-invoicing solutions with a provider of hospital services in North America. The agreement includes invoice automation and 100% inbound e-invoicing.
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Under the impetus of its customer ALTEN, HCorpo (the corporate travel and hotel booking portal) has, together with Accelya, introduced electronic invoicing under EDI (Electronic Data Interchange) flow: a global project offering benefits at all levels!
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With the SII (Suministro Inmediato de Información) system, taxpayers must submit details of invoices issued and received to the Tax Agency no later than 4 days after each billing. This means that the “record books” will be managed through the Tax Agency website.
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Costa Rica was one of the first countries in Latin America to roll out electronic invoicing, along with Mexico, Guatemala and Brazil. However, unlike them, Costa Rica hasn’t made e-invoicing mandatory yet. This november, Director of Taxation, Carlos Vargas stated in the newspaper El Financiero, that electronic invoicing may become mandatory in 2015”.
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Mexico’s tax authority updated their eContabilidad requirements doubling down on the initiative. On of the key changes include the fact that reports are required as of January 2015 for all multinationals that produced more than 4 Million Pesos of revenue in 2013. Check out this 20 minute recorded webinar on the changes for 2015.
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Insight has agreed to purchase approved-to-pay, investment grade receivables originated through the Tungsten Network e-Invoicing platform. The funding to be provided is expected to total several billion pounds. Tungsten now has all the required funding at this stage for its invoice finance proposition, so that Tungsten no longer needs to pursue alternative financing options.
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Volvo Cars Netherlands has moved 100% of its invoices online, using Anachron’s corporate e-invoicing solution, closing the books 1.5 days faster each month, increasing financial transparency and strengthening decision making. And saving approximately 45,000 man hours every year.
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E-invoicing is expanding rapidly worldwide. According to Billentis, this year roughly 40 billion invoices will be exchanged in this format. Of these, more than half, about 25 billion, correspond to Latin America. Time to take a look at the situation in Mexico, Brazil, Chile, Guatemala, Uruguay, Ecuador, Argentina, Peru and Costa Rica….
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With the announcement of mandatory electronic invoicing in 2014, Chile moves into a unique group of countries focused on driving automation through the economy. With one of the most comprehensive compliance environments in Latin America, it almost always affects your entire operation – including finance, accounts receivable, accounts payable, inbound receiving, and shipping.
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A resolution published in the Official Gazette last October sets out the technical requirements for general entry points for electronic invoicing. In this Expert Analysis, EDICOM Pre-sales Manager Miguel Soler analyses the implications of these requirements for Public Administrations and their providers.
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