EDICOM, first PAC to be CFDI authorised by SAT

Edicom states that it is the first PAC in Mexico authorized by the SAT. Their electronic invoicing solutions are designed to meet all legal requirements, while enabling users to take full advantage of the CFDI. In addition, EDICOM is endorsed by certificates such as ISO, SOX and NOM151 (electronic notary).

This all the more important as the volume of mandatory CFDI e-invoices is going to the roof in Mexico and also because the recent developments has shown that -mandatory- e-invoicing accelerates the productivity of companies (in this case Mexican companies).

E-invoicing volumes are going through the roof

Recent figures presented by the SAT show that 2400 million electronic invoices were processed in the first half of 20114. This is a major contrast with those of just a few years ago. For example, in 2011 Mexican taxpayers generated no more than 119 million electronic invoices. To put it in perspective, the number of CFDI e-invoices sent in these first 6 months of 2014 represents 21 % of all electronic invoices generated in the last 10 years!

Mandatory e-invoicing: fighting tax evasion and increasing productivity

Mexico was one of the pioneers in the compulsory introduction of e-invoicing. With the 2nd Resolution of Amendments to the Omnibus Tax Ruling for 2013, the SAT announced that all taxpayers billing more than 250,000 pesos a year should migrate to CFDI before January 1, 2014, although a three-month extension was subsequently agreed.

Not only has mandatory electronic invoicing helped improve the fight against tax evasion in Mexico, but has also entailed a great number of benefits for taxpayers. With the automation of procedures and the use of electronic means to replace paper, Mexican companies have gained both in savings and productivity.

EDICOM, first PAC in Mexico

Do you want to know more about how EDICOM has organised its CFDI portal? Contact them and ask for more information