Chili believes e-invoicing to be an ally against tax fraud

November 12, 2014  |  Adoption, Compliance, Electronic Invoicing, Latin America  |  Comments Off

Since November 1 this year, Chilean companies with annual revenues greater than 100,000 UF will be required to issue the Electronic Tax Document (DTE). And in 2018 mandatory e-invoicing will be in full effect in Chile. According to former SII Director, Alejandro Burr, Chili can raise roughly $600 million per annum due to the reduction in taks fraud and increased fiscal control.

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Turkey reports massive -environmental- savings due to e-invoicing

November 4, 2014  |  Adoption, Asia, Electronic Invoicing, Europe, Government  |  Comments Off

According to Finance Minister Mehmet ?im?ek, the Turkish electronic invoicing system has already saved 650 million Turkish Liras ($293 million) of extra costs and prevented 100,000 trees from being cut. The electronic invoicing system, which has been implemented in Turkey since 2010.

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W.R. Grace & Co. selects Invoiceware International for e-invoicing in Mexico and Brazil

November 4, 2014  |  Adoption, Compliance, Electronic Invoicing, Latin America  |  Comments Off

W.R. Grace & Co, big in specialty chemicals and materials, selected Invoiceware International for e-invoicing in Mexico and Brazil, with an accent on compliant e-invoicing and a cloud approach. Invoiceware International provides the only electronic invoice solution with a hybrid cloud approach, which limits the impact of the fiscal regulations on an end user’s global SAP ERP system.

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Does a phone survey under 80 people deliver statistically relevant data?

October 31, 2014  |  Adoption, Electronic Invoicing, North America, Research  |  Comments Off

Every year this domain generates a vast amount of research reports. Together they somehow provide a birds eye view of the e-invoicing and AP automation landscape. However sometimes you’d have to ask yourselves whether a research delivers statistically relevant data. As in this case where a 1 billion waste claim was based on result from a mere phone survey of 80 people. Is this the way to go?

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UPDATE: Mandatory e-invoicing in Chile as from 1 November 2014.

October 31, 2014  |  Adoption, Compliance, Electronic Invoicing, Latin America  |  Comments Off

For many in 2014, e-invoicing in Chile is transitioning from prescribed to mandatory. 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.
In September of 2013, the Chile SII (tax authority) announced that they will be rolling out mandatory electronic invoicing for large enterprises with an expectation of having all companies transitioned by the end of 2017. Large enterprises, those over 2.4 Billion CLP will have to be live around October 2014.

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4 things to look at when choosing a ‘free’ e-invoicing provider

October 31, 2014  |  Adoption, Electronic Invoicing  |  Comments Off

The e-invoices industry is claimed to be a $280 million annual global market, with an expected growth of 13% every year. So it’s only natural that more players enter the arena. creating extra noise, and making it difficult to compare one e-invoicing service with another. InvoiceSharing mentions four major aspects that helps you to make a decision between a ‘free’ and a ‘free’ e-invoicing service provider.

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G4S Security Netherlands saves with e-invoicing by Anachron

October 30, 2014  |  Adoption, Electronic Invoicing  |  Comments Off

G4S Netherlands, part of the largest security company in the world (G4S), has chosen Anachron for a full e-invoicing solution. G4S wants to lead in its market when it comes to the developments in the field of e-Invoicing. Anachron met all the e-invoicing needs of G4S on this.

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SAP and Ariba Transform e-Procurement in Middle East

October 28, 2014  |  Adoption, Asia, E-procurement  |  Comments Off

As little as two years ago, procurement in the Middle East could be summed up in two words: administrative task. But a transformation is underway. Procurement is fast becoming a strategic capability that beyond costs savings and efficiencies, can deliver business innovation and outcomes. And with increasing frequency, companies across the region are turning to SAP and Ariba to drive it.

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How long does it take you to on-board a new supplier?

October 27, 2014  |  Adoption, Electronic Invoicing  |  Comments Off

CloudTrade recently onboarded a new supplier in just 26 minutes – from initial request via email (to a supplier we’ve never had contact with before) to the supplier actually submitting their first, live production invoice via CloudTrade.
So how is CloudTrade able to onboard a supplier that quickly? Well, perhaps of their drive and because CloudTrade is different from other e-invoicing solutions. There are three key differentiators, why CloudTrade can onboard more suppliers and more quickly than anyone else…

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E-invoicing maturity according to Gartner. In 2014

E-invoicing maturity according to Gartner. In 2014

October 20, 2014  |  Adoption, Electronic Invoicing  |  Comments Off

Every now and day new reports appear on e-invoicing maturity. Gartner recently issued its IT Market Clock for B2B Solutions, 2014. And according to Gartner the time is now to invest in e-invoicing. It is beyond the dawn of standardisation and it will take another 5 to 10 years before e-invoicing switches to the next phase.

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