Adopting E-Invoicing Can Bring Huge Cost Savings To European Businesses

eu statesAccording to a recently released report published by Billentis and sponsored by Ricoh Europe, European companies can enjoy a cost savings of between 60 to 80 percent by adopting e-invoicing. In addition, the report estimated a business will recover its initial investment for implementing electronic invoicing within six to 18 months.

Costa Rica Restarts Efforts At E-Invoicing Following Failure Of Five-Year Experiment

costa ricaThe Ministry of Finance in Costa Rica has decided to scrap all efforts made to introduce electronic invoicing the last five years. Instead, Fernando Rodriguez, Deputy Minister of Revenue at the Directorate General of Taxation (DGT), has opted to restart the country’s attempts to utilize electronic invoicing from the outset. In doing so, he has decided to discard the work performed by the previous administration and initiate a new project for mandatory e-signatures from scratch. In addition, the new system includes the creation of new procedures to capture, process and control e-invoice information. 

New Laws Designed To Encourage E-Invoicing, Reduce Use Of Paper

EUDespite how much easier it is to manage invoicing and receivables electronically, countless companies worldwide continue to rely on manual processing. That means money wasted on paper, envelopes, stamps and labor.

Supply Chain Intelligence: Utilizing The Services Hub

intelIt is a given that to manage our supply chain, we have to have as much visibility as possible. Our SCM Control Tower is hooked up with logistics providers, parts suppliers, customers, manufacturing, procurement...did I forget anybody? Yup. The electronic commerce people who move this data all around for us: the Services Hub.

Time To Cry For Argentina: Government Cracks Down On Foreign E-Commerce

argentinaIn a determined effort to keep Argentinean money within its own borders, the government recently issued new restrictions limiting citizens to two purchases of goods from foreign e-commerce web sites annually. Not only that, the new laws limit the value of foreign goods Argentineans may buy through the Internet at $25 per year.

Mandatory E-Invoicing Imminent In Chile

ChileChile, the first nation to introduce electronic invoicing ten years ago, is taking it one step further. Starting November, 2014, e-invoicing will transition a prescribed business tool to a mandatory one. The new system combines aspects of the batch-oriented folio method utilized in the Mexican CFDI model with real-time communications, as is the norm in Brazil and Argentina.

Mexico Says “No Mas” To Printed Invoices

mexico-mapIt was not an April Fool’s joke when printed invoices became outlawed in Mexico as of April 1. The move was designed to force the nation’s businesses, both large and small, to adopt electronic invoicing techniques.

SCM Control Tower Start-up

control start upWe have been gathering a list of issues that need to to be resolved before building a Supply Chain Control Tower: SCM and IT partnership; Visibility; Strategy and expectations; Foundation for the tower; and Team-building. Here's a recap of what we know, what we need, and where we might go.

Electronic Invoicing Laws In Latin America Are Ever Evolving

Latin-america-map-259x300The rules regarding electronic invoicing (e-invoicing) in Latin America are both constantly changing and different than anywhere else in the world. Brazil utilizes Nota Fiscal, Mexico mandates CFDI, Argentina elects for eFactura while Chile count on DTE. While the laws pertaining to e-invoicing in those four nations share similarities, each country tweaks their e-invoicing laws on a regular basis.

Apple as an Automotive Supplier

carplayApple's business plans always call for grand scale market penetration, but they quietly got into the car “infotainment” (buzz word for broadcast material which is intended both to entertain and to inform) sector. Now they are attracting the of attention of the automotive world -- especially from Tier-1 suppliers that would directly compete against Apple.

Supply Chain Buzz




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