InvoiceWare compliant with Mexican e-invoicing regulations
Invoiceware International extends their electronic invoicing capability to support the newly announced regulations by Mexico’s Servicio de Aministracion Tributaria (SAT). These new mandates are scheduled to take affect for all companies in July 2012 leaving only a few months for companies to configure their business processes and ERP systems. Many companies are still adapting to the major overhaul that was announced by the Mexico SAT in a press conference held on September 3, 2010
CashFlows launches e-Invoicing service
CashFlows has launched a new generation service, enabling your business to send invoices to your customers via an email and allowing them to pay immediately; helping businesses to better manage payments and their cash flow.
With late payments a critical issue, the CashFlows Account also allows businesses to send their customers instant e-invoices and take on-the-spot payment for products and services.
Recently released research shows that 51% of SMEs feel late payment has become worse during the past year and that 20% believe that it could even threaten their ability to continue trading in 2012.
New US medical e-billing standard causing payment problems
The switch to the HIPAA Version 5010, which impact how physicians bill payers for their services, has caused severe payment disruptions at some doctor practices. Physician practices that already have started using the new standards have reported problems like:
- Issues with practice management and billing systems that had shown no problems during the testing.
- Issues with billing secondary payers.
- Claims rejections due to issues with billing and practice addresses.
- Crosswalks for national provider identifiers that are not being recognized.
- Claims lost by Medicare contractors.
- Certain “not otherwise specified” claims being denied due to not having descriptions on the claims.
- Sporadic payment of resubmitted claims.
- Call hold times of one to two hours when attempting to contact contractors for further explanation of unpaid and rejected claims.
- Unsuccessful claims processing, with no reasons cited for rejection, despite using submitters that were approved after successful 5010 testing.
Taulia Joins Forces With TrustWeaver To its Expand e-invoicing proposition
Tauli has a platform for Dynamic Discounting and e-invoicing, and announced to have partnered with TrustWeaver. Trustweaver is a provider in comprehensive security compliance services.
Partnering with TrustWeaver will allow Taulia to:
- expand its free compliant e-invoicing capabilities across all of Europe and beyond. Why, because
- guarantee the integrity and authenticity of e-invoices regardless of the country of origin or destination,
- ensure long-term audit-ability of archived invoices in accordance with each country’s specific rules.
Century Bank offers customers e-billing via Invoice Cloud
Invoice Cloud and Century Bank have entered into a partnership agreement. They are going to provide payment and processing solutions to municipalities, utilities and businesses in New England, USA.
Through this partnership, Century Bank can offer its clients services like:
- an easy to use, optional EBPP service,
- quick access to replicas of bills online
- customized email reminders
- secure online payment options that positively impact the environment
Bulmers heads for AP Automation with SoftCo
Bulmers Limited is part of the global C&C Group, producing cider and lager brands available all over the world. Bulmers Limited has chosen SoftCo to deliver an Accounts Payable automation solution to handle its growing volume of global supplier invoices. SoftCo is a supplier of document management and business process automation solutions.
The benefits for Bulmer Limiteds are:
- Bulmers AP staff now use a compliant process automation and document management platform, to capture all supplier invoices.
- Automatic three-way matching means a significant volume of invoices are queued automatically for payment.
- ‘Problem’ invoices are escalated for action within the SoftCo AP process.
- Integrated workflow means that Bulmers AP staff receive email alerts and can address any issues via the system.
- Cleared invoices are queued in CODA Financials ERP for payment.
- All supplier invoices are archived in the compliant platform
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