22 October 2016
Steve Sprague

Latin American E-Invoicing

Steve Sprague - Invoiceware International

84Posts 234,086Views 0Comments
Finextra community

Electronic invoicing

A discussion and guidance on the path to full scale adoption of electronic invoicing by corporates, goverments, SME's and consumers, creating savings up to € 60 billion in 2020. With a focus on: trends, business models, processes, technology, and legal issues.

Mexico Inbound eInvoicing Requirements 2013

05 February 2013  |  2827 views  |  0

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.

  1. How will you deal with the inbound XML validations?  You must understand how you will validate these invoices as you have to archive them, and you are not going to archive invalid invoices for tax purposes. If you are caught in non-compliance it is a criminal penalty.
  2. How will you manage the difference between suppliers that send CFD versus CFDI invoices?  Are you sure you can validate both types?
  3. Are you meeting the legislative mandates for archiving?  Paper no longer matters, so be sure you understand how you will deal with these issues going forward.
  4. How are you using the XML to make your AP department more efficient.  Because the XML must be sent by your suppliers and because it can arrive even before the goods or with the truck, your organization can use this information to really accelerate Straight Through Processing and Inbound Receiving.

As finance and IT executives, these mandates are already in affect.  Be sure you understand the types of invoices and the specific processes you need to be installing in order to meet the AP requirements of the Mexico SAT.


TagsRisk & regulation

Comments: (0)

Comment on this story (membership required)

Latest posts from Steve

US Implements EInvoicing and Reporting: Similarities to Latin America?

08 March 2016  |  2779 views  |  0 comments | recomends Recommends 0 TagsRisk & regulationGroupElectronic invoicing

Mexico SAT announces Electronic Audits to start 2016

07 March 2016  |  2487 views  |  0 comments | recomends Recommends 0 TagsRisk & regulationGroupElectronic invoicing

Latin American VAT and EInvoicing Mandates

11 February 2016  |  2778 views  |  0 comments | recomends Recommends 0 TagsRisk & regulationGroupElectronic invoicing

The rise of business-to-government regulation

16 September 2015  |  1749 views  |  0 comments | recomends Recommends 0 TagsRisk & regulationGroupElectronic invoicing

Steve's profile

job title VP Product Strategy
location Marietta
member since 2012
Summary profile See full profile »
Steve Sprague has been working in the electronic invoicing and middleware integration space for over 13 years. As VP, Product Strategy & Marketing for Invoiceware International, Steve manages product...

Steve's expertise

What Steve reads
Steve writes about

Who's commenting on Steve's posts