Why dreaded compliance mandates create AP perfection and e-business innovation [6 takeaways]

In several contributions in the blogosphere Steve Sprague (Vice President at Invoiceware International) reflects on how Latin American e-invoicing compliance mandates have a positive impact on e-invoicing adoption and innovation. His key takeaways on mandated e-invoicing:


  • Most people are more than taken back by the workload ahead when they first realise the complexity.


  • There is no need for the dreaded scanning and OCR technologies, supplier tiers of capability, long roll-outs, as the government has mandated the use of an electronic invoice.
  • Governments like Mexico and Brazil have defined and standardised the invoice XML and data format: so it is always the same data structure.
  • European e-Invoicing is plagued by the fact that your organization must convince suppliers to move to an electronic invoice. Most EU organisations struggle to reach more than 25% of their suppliers by the end of 3 years unless they are able to mandate the use of e-invoicing (and there are few companies that can do this without seeing repercussions from the supply base). Latin American e-invoicing generates massive adoption, because it is mandated: suppliers have to make the e-Invoice available by law!
  • Being able to accurately do STP creates the perfect environment for Dynamic Discounting and Supply Chain Financing.

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