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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.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Alex Kreger Founder and CEO at UXDA Financial UX Design
14 July
Milko Filipov Senior Manager at valantic
Md Rezaul Karim Director Business Development at Dandelion Payments
13 July
Prakash Bhudia HOD – Product & Growth at Deriv
11 July
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