Archive for Compliance

E-bookkeeping and e-invoicing obligations expand in Turkey

January 11, 2016  |  Asia, Compliance, Electronic Invoicing, Europe

The transition to e-bookkeeping can be considered as a major step forward in the decade-long endeavor to bring the Turkish bookkeeping system and accounting profession in line with international best practices.

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Should enterprises build or buy a Latin American compliance solution?

In fact, companies should choose a proactive solution that integrates cross-region and cross-division; a solution that has compliance at its core – meaning you’ll never miss an update or opportunity.

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Colombia Mandates Electronic Invoicing for 2016

January 8, 2016  |  Compliance, Latin America, Standards

The much anticipated news regarding Colombia electronic invoicing has arrived. On November 24, 2015, the Colombia DIAN (tax authority) announced in Decree 2242 that electronic invoicing is mandated for specified companies starting this January 2016.

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Tungsten helps catch out false invoice claims in London borough

December 29, 2015  |  Compliance, Electronic Invoicing, Government

The London Borough of Bexley has successfully foiled a number of fraud attempts. The local authority processes its invoices using the electronic invoicing platform provided by Tungsten Network, which means fraudulent invoices that might otherwise be paid out on are rejected.

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EDICOM first providers authorized by Mexico’s tax administration to receive digital documents (PCRDD)

EDICOM also was the first provider authorized to issue electronic invoices (CFDI) by Mexico’s tax administration in 2010. With this new certification, EDICOM has become one of the main companies in the country to provide fiscal electronic data integration services.

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EDICOM Expert Analysis: B2G eInvoicing in Switzerland [download]

Are you ready for this technological leap? Edicom is. And they are here to help you. This handbook reviews the most important technical and legal aspects of the Swiss administration’s new e-invoicing model.

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Shipping issues compound with changing Latin American e-invoicing requirements

November 15, 2015  |  Compliance, Invoice Automation, Latin America

E-invoicing significantly affects logistics and supply chains operations as well. If managed ineffectively, it can leave trucks parked for days or force buyers to refuse shipments, halting business operations.

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The cost of compliance: 2016 penalties and mandates in Latin America [Webinar replay]

LATAM fines and penalties can quickly add up. For example, a company that’s missing 10,000 invoices from its electronic archives in Brazil (which is not uncommon) could be facing fines of more than $1 million USD

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E-invoice believed to have been used for ransom ware attack

November 9, 2015  |  Compliance, Electronic Invoicing, Legal

The website ‘Herald Scotland’ mentioned that an Scottish hairdressing firm says it is now believed an electronic invoice may have been used by cyberattacker extortionists in a hack of their system, which led them to pay a 1000 euro ransom.

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Tradeshift Risk: bringing real-time risk monitoring and compliance to SME’s

November 4, 2015  |  Compliance, Financial software

Tradeshift Risk shifts the cumbersome task of ensuring accurate supplier data from the buyer to the supplier. Suppliers can add and update all their relevant data, which is then verified via Tradeshift Risk. Buyers can subscribe to verified supplier profiles.

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