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 topic is top of mind in most of the companies I speak with on a daily basis.
Top 5 Differences in Brazil and Mexico:
Many organizations are transitioning to Shared Service centers and consolidating how they process inbound invoices and pay suppliers. Latin America has many advantages over Europe and also some potential roadblocks. Ensure you have the right solution to
handle the inbound mandates in Mexico and Brazil or you will find yourself out of compliance and facing fines and jail time.
© Finextra Research 2014