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.
Read MoreAccording 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.
Read MoreW.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.
Read MoreEvery 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?
Read MoreFor 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.
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.
Read MoreG4S 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.
Read MoreAs 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.
Read MoreCloudTrade 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…
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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