Invoiceware International has triple digit growth for the 3rd straight year

Leading Latin American compliance solution closes 2014 with 64 new customer contracts, 84 Billion US Dollars processed and expansion into supply chain finance, with more than 80,000 companies currently operate on its business network.

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Now available: the English version of the ZUGFeRD hybrid e-invoice specs

January 13th, 2015 by in Electronic Invoicing, Europe, Standards

ZUGFeRD 1.0 combines structured XML data and PDF/A as visualization to a hybrid electronic invoice. Both the structured XML file and the PDF visualization represent the complete invoice, and the receiver can choose what he processes, be it XML, PDF or both.

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Hungary changes rules for tax invoicing

Tamas Vekasi from Ernst & Young mentioned in this post that the Hungarian Minister for the National Economy published a decree changing the rules for tax invoices and cash receipts and the rules related to tax authority audits of invoices stored in electronic format, with a widespread effect on enterprises.

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30 percent of invoices in Hong Kong are paid late! What to do?

January 13th, 2015 by in Asia, Credit Management, Payment

There is nothing quite as gratifying as receiving a cheque in the mail from a customer, or an SMS notification from the bank announcing the arrival of payment for services rendered. Late payments, on the other hand, can signal cash flow disaster for growing small businesses.

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Cirque du Soleil eyes at SAP Ariba’s public supplier network

January 11th, 2015 by in Invoice Automation, Purchase-to-pay

Cirque du Soleil eyes on a public supplier network using SAP Ariba. Cirque du Soleil deals with $450 million (£295 million) in foreign exchange, $360 million (£229 million) in royalties for designers, composers and writers, 19 separate currencies as well as 16,000 different suppliers to keep the show on the road.

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Taulia launches its “Take Control” campaign on Early Payments and AP Automation

Taulia has launched its "Take Control" campaign to help companies understand Taulia’s early payment solution, and maximize the benefits of AP automation. So it launched a dedicated  Take Control website, together with this video.

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UK Government criticised for SME payment delays

Research revealed that in 30% of the cases UK government contractors had taken longer than the 30-day legal limit to pay balances due. The research also showed that e-invoices, often used by larger UK suppliers, showed skewed data to create a higher level of prompt payments.

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Case Study: SAP and the LATAM fiscal and e-Invoicing mandates

Listen to Billy Sparks, Sr. SAP COE Manager Finance of Lexmark International to learn common challenges in Latin America for a SAP Center of Excellence, how to avoid fire drill SAP upgrades due to constant change management in Latin America, and more!

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M(obile) reaches Africa’s small businesses

January 7th, 2015 by in Adoption, Africa, Payment

In 2012, Africa’s mobile financial transactions reached USD 61 billion – more than Europe and North America combined and will be key to unlocking financial services to small business and farmers. Access to credit, or m-funding, will increasingly become a routine exchange between alternative financiers and business in Africa.

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We give the floor to our supply chain finance sponsor: ApexPeak

ApexPeak is a new capital provider aimed to provide services to small and medium size enterprises directly and those transacting on electronic invoicing networks. Founded in 2012, the firm provides in excess of US$1.3 billion trade finance to businesses located in 160 countries worldwide

By offering a simple, fast, flexible and affordable service, ApexPeak removes the lengthy, manual and restrictive processes required by banks. As a result, their customers no longer need to worry about cash flow problems and can instead focus on growing their businesses.

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