The chatter is increasing in Mexico around the upcoming changes to CFDI. With more than 500,000 companies potentially affected, there is a lot of posturing by solutions in the market place. But what is important and can derail your transition is not the obvious, but what is in the details. If you overlook these following […]
Latin America continues to show why they lead the world in electronic invoicing. Below I cover the basics of the Chile eInvoice process. Chile was one of the first movers in electronic invoicing and they have one of the more complex environments. The model isuniquebut does take into account some similar processes from other Latin […]
There have been a number of requests coming in to cover the basics for Brazil Nota Fiscal Inbound. Remember, that the validation of all inbound supplier Nota Fiscals is mandatory. Many companies are still accomplishing this manually. One company had over 15 individuals manually entering supplier invoices into the government portal. Another company had over […]
In my last post, I discussed expected changes as the Mexican government continues to implement and push the usage of CFDI. I wanted to expand upon the potential issues facing Procurement and Accounts Payable users and managers as I feel it is an underestimated issue.
My last post highlighted the expected change to the Mexican electronic invoice regulations. The reality is that more than 90% of invoices in Mexico are still transmitted using the older CFD process, not the version of CFDI which requires real time government validations. In conversations with a number of companies this week, I realized that […]
I had an interesting conversation, concerning Latin America eInvoicing,with a CFO for a Fortune 500 multi-national yesterday. And this time, the conversation was not about the legislation that I typically write about or discuss. This time it was about the risks associated with solutions external to the ERP from local vendors to manage eInvoice compliance. […]
In previous articles, we discussed the concept of Eventos that the Brazil tax authority was evaluating. And as always, the first wave of inbound receiving mandates are already hitting specific industries. Currently, the concept of Eventos is mandated to be implemented for Oil and Gas companies. But those in other industries should take notice as […]
Over the last year, many companies have been re-evaluating their strategy for managing Brazil Nota Fiscal and Latin America eInvoicing in general. Many of these examinations are due to Production Support issues and Costs of in-house solutions. Many companies don’t fully identify the issues with purely in-house software, so in this blog we are covering […]
I am seeing more and more planned implementations ofSAP in Brazil. Many companies are either looking to consolidate legacy systems onto a centralized SAP system, or they are looking to transition Procure To Pay processes into a Shared Service environment. Regardless, I wanted to provide the key considerations for SAP Brazil implementations. Many of these […]
As discussed in previous blogs, there are many differences between eInvoicing in Latin America and the rest of the world. This includes Europe specifically. In this article, I specifically point out the key differences from the Accounts Payable perspective. With the new legislation in 2012 mandating inbound einvoice validation in both Mexico and Brazil, this […]
Even with the newly announced December 28th mandates by the Mexico SAT, there is still quite a bit of confusion in the marketplace. If you run a Shared Services environment or if you are in charge tax compliance or account payables, here are four issues you or your service provider should be able to answer.
Here is a quick summary of the Brazil Nota Fiscal issues since 2012. Are you able to comply with all of these? Make sure your solution provider is keeping you informed regarding all changes, managing any impact to your ERP system and keeping their platform compliant with all regulation changes.
Many organizations move into Latin America with experiences and lessons learned from other countries. However, as we stated in a previous article — you need to be sure to evaluate your solutions carefully regarding the support topic. In this blog, I want to provide some examples of the issues we are hearing from global companies […]
The one constant with Mexico’s eInvoicing legislation is change.And more will be coming in 2013. But I think a lot of organizations may have missed the December 28, 2012 announcements by the SAT. They not only reinforce the archiving requirements; they also now specifically dictate that the XML must bedigitallystored. Here is a short excerpt […]