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Archive for Compliance

Reminder: Large firms in Chile must issue electronic invoices by November

As we’ve mentioned before, some 7500 large companies in Chile with annual revenue of over 100,000 UF must start issuing their invoicing electronically as from November 2014 using the Electronic Tax Document (DTE). And as from 1 February 2017, all Chilean businesses have to use the Chilean e-invoicing infrastructure.

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Everything you need to know about Facturae [video]

To help roll out Facturae more smoothly, EDICOM made a video that sums up in just 2 minutes everything you need to know about Facturae before taking the technological leap. In it, Miguel Soler, Pre-sales Department Manager from EDICOM, explains Spanish B2G e-invoicing, what its advantages are and how to ignite adoption.

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Wesupply’s CEO explains their unique approach to Managed EDI Services

September 22, 2014  |  Adoption, Compliance, Digitalisation

David Grosvenor, Wesupply's Chief Executive, explains how Wesupply has a unique approach to delivering a managed service for electronic trading that almost literally removes complexity from the supply chain. Organisations such as Sainsbury’s, Screwfix and Princes choose Wesupply to free up internal resources and reduce the time spent resolving issues.

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2 Issues not to overlook with Mexico eAccounting Reports when using SAP

September 18, 2014  |  Compliance, Electronic Invoicing, Latin America

Brazil has Nota Fiscal and SPED. Chile has DTE and Libros. And Mexico has CFDI and eContabilidad (eAccounting), with two Issues that you should pay attention to: The Chart of Accounts has to be more detailed then stating only level 1 and level 2 data. The second one is, adding your UUID unique code identifying a legal, registered invoice) to the journal entries as the UUID code will be used to justify your tax deductions.

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Tungsten Network successfully renews its ISAE3402 and ISO27001 compliance

September 17, 2014  |  Compliance, Electronic Invoicing

Independent auditors recently completed a thorough assessment of Tungsten Network's internal controls and concluded that they adhere to the ISAE 3402 framework. External auditors have also successfully completed an ISO 27001 surveillance audit.

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A new rising trend in Turkey: the mandatory e-ledger (e-accounting)

The Turkey’s taxing authority Turkish Revenue Administration (TRA) announced it is mandatory that all e-invoice taxpayers have to apply for the E-ledger system at the TRA before December 2014. The companies who have to use E-ledger system must keep their Journals and general ledger are included to the scope of this service.

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Charles Bryant: bridging the cultural e-invoicing gap between EU and LATAM?

On the Tungsten Blog, Charles Bryant posted an interesting article about the way e-invoicing is excuted in Mexico. As the title suggests, Charles Bryant carefully explores whether Europe should follow this approach.
All in all it is intriguing to ask whether the current path of EU liberalised e-invoicing (without B2B mandates) should perhaps be flipped for a path where mandated e-invoicing and fiscal efficiency go hand in hand.

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AuthentiDate is now Exceet Secure Solutions!

The main focus of exceet Secure Solutions will be on electronics networking in the new business field M2M (Machine-to-Machine) and IoT (Internet of Things), including secure identification and access solutions as well as improved networking within organizations, e.g. via process optimization in the field of telematics.

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Use e-invoicing to protect yourself against invoice fraud

August 29, 2014  |  Compliance, Electronic Invoicing

Although there are no guaranteed ways of totally diminishing invoice fraud for your business, the implementation of e-invoicing is a positive step towards achieving this goal. The benefits of e-invoicing certainly outweigh traditional paper invoicing and provide many controls and rules to prevent fraud. Find out more on how you can safeguard yourself against invoice fraud, ‘avoiding the f word’

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Learn how you can “Stop the Fire Drills” in Latin America [video]

August 28, 2014  |  Compliance, Latin America

Invoiceware International Operates the "Latin America Business Network" . This network simplifies government compliance, reduce the risk and cost of maintaining compliance across the region for the world’s largest companies including The Coca-Cola Company, Intermec, Kellogg, DuPont, and Siemens. View their 2 Minute Explainer and learn how you can "Stop the Fire Drills" in Latin America.

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