Archive for Accounting

Interview: The challenges and requirements of global e-invoicing

December 11, 2017  |  Accounting, Compliance, Electronic Invoicing

Of the two types of regime for electronic invoicing compliance reporting, how does the clearance model (applied by Brazil, Mexico, Russia, and Turkey) differ from the traditional post-audit approach (used by the EU and the Commonwealth)?

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Paperless by Sovos first authorized solution for Peruvian real-time tax validation

November 9, 2017  |  Accounting, Compliance, Latin America

In order to become an OSE, Paperless by Sovos successfully completed the necessary measures required by the SUNAT, including securing ISO 27001 certification, demonstrating a high level of experience and service, and much more.

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Peruvian distributed clearance model launched

October 22, 2017  |  Accounting, Compliance, Digitalisation

The Peruvian Tax Administration SUNAT recently authorised the first two e-invoicing operators that will eventually take over the current centralised clearance service at SUNAT

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Electronic Delivery Note; the next step of digital transformation in Turkey

SNI recently has introduced "SNI e-Delivery Note" which is a fully integrated SAP Add-on solution. It helps users to have SAP as a single user interface without an external interface or use of external software.

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SNI successfully files first 50 SII reports

July 17, 2017  |  Accounting, Compliance, Europe, Government

The SNI SAP SII cockpit allows you to select reportable outgoing and incoming invoices, create periodic SII files (envelopes), E-submission of SII XML files and control reports.

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Sovos introduces Intelligent Compliance Cloud to safeguard businesses from increasingly complex global compliance issues

The world’s first global platform for tax compliance and business-to-government reporting pairs vast regulatory analysis with local expertise in secure cloud software to help businesses eliminate regulatory barriers

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Robotic Accounting start up raises USD30 million investment

UiPath, a New York-based company that uses computer-vision to automate repetitive business processes involving software, has raised $30 million to help expand globally, according to DigitalCommerce360.

The move comes as companies increasingly look to artificial intelligence to solve the sorts of routine tasks, such as checking invoices and inputting data from human resource forms into databases, that they once outsourced to low-cost human contractors.

UiPath’s software, unlike most macros, can carry out tasks across any software the business is using. In addition, users can train the tool with a set of rules or steps for analyzing the data it is handling. For instance, it could look up data from an SAP system, check if it meets certain conditions, and then input it into a Salesforce database.

UiPath says that it has 200 customers, including Lufthansa, Generali, Telenor and Dong Energy. It also has partnerships with consulting firms Deloitte and Capgemini, which often recommend its products to their clients.

The market for what is known as robotic process automation software is expected to reach $8.75 billion annually by 2024, up from about $125 million in 2015, tech research firm Grand View Research wrote in an October 2016 report. Grand View estimated that these software solutions are, on average, 60 percent cheaper than using humans to perform the same tasks and cost 30 percent less than using contractors in low-paid countries, such as India.

With the $30 million new investment, UiPath said it will be adding more “cognitive capabilities” to its product, such as natural-language processing and document sorting, so that it can handle both structured and unstructured data.

Mandatory e-invoicing for Vietnamese companies as from 2018

The Vietnamese General Department of Taxation has ruled that from 2018, firms with chartered capital of more than VND15 billion (>USD 659,000) must issue e-invoices and periodically send tax offices data on the issued invoices.

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Introducing S4FN – Solutions for Finance in SAP

S4FN - Solutions for Finance in SAP. S4FN is all about e-transformation services to create SAP add-ons on ERP systems for financial solutions. Their main consideration is at SAP financial applications, adaptation of process and compatible integration.

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Mexico announces first resolution under new e-Audit Mediation Process

See how electronic reporting by Invoicewarer International allows multinationals to improve accuracy and efficiently defend against audits within your existing ERP system

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