e-Invoicing in LATAM
Our electronic invoicing platform complies with the technical and legal requirements of each Latin American country where you operate.
Get to know the state of electronic invoicing around the world
EDICOM keeps a permanent watch on different electronic invoicing models at the international level. Select the country where you want to do business, and we will provide you with the technical and legal criteria necessary for sending electronic invoices.
Find out about the state of e-invoicing in the world
Webinar: Status of e-Invoicing in Central America
The governments of Panama, El Salvador, and the Dominican Republic are beginning to require companies to start using electronic invoicing systems. This means that companies will need to keep up with the latest changes from the tax authorities.
Our experts in the Central America region will provide detailed information on systems and recent developments in electronic invoicing.
News about e-Invoicing in LATAM
EDICOM keeps a permanent watch on international electronic invoicing.
e-Invoicing Mexico
The Digital Tax Receipt (CFDI) has undergone years of changes and improvements to guarantee the best taxpayer experience and to correct errors detected over time.
e-Invoicing Brazil
The SEFAZ has updated the Electronic Tax Note (NF-e) framework, adding new fields and verifications to the validation rules.
e-Invoicing Colombia
The DIAN puts the RADIAN platform to work for recording electronic bills of sale as a security.
A Global Platform for e-Invoicing in Latin America
Latin America is the most advanced region for electronic invoicing. The system has become a valuable tool for improving fiscal control and reducing high rates of tax evasion. Mexico and Brazil have been on the cutting edge of this technology, with advanced e-Invoicing legislation. This success has inspired neighboring countries such as Costa Rica, Colombia and Guatemala to implement their own electronic models.
This simplifies and streamlines the sending and receipt of electronic invoices with a global provider that has the capacity for integration, syntax validation, legal validation and electronic document storage.
Characteristics of e-Invoicing in LATAM
Our international electronic invoicing platform implements specific functionalities to adapt your management and accounting systems to current requirements in the different countries where you do business.
Fiscal Control
In order to guarantee rigorous fiscal control, electronic document identification systems have been created to establish fiscal validity.
Administrative Procedures
Some countries require an application process with administrative authorities, authorization, or registration as a sender and receiver of electronic invoices.
Format
Each country's administrative authority certifies the format that must be used (usually XML), the information that must be included in the invoice, and it's submission.
Electronic Signature
This system is very common in countries that use electronic invoices. It guarantees content authenticity and integrity.
Print Format
Sometimes it is necessary to have a visual representation of an electronic document so that it can be used by recipients who do not have integrated technological solutions.
Electronic Archive
Electronic document archive (both for the sender and the recipient) is often mandatory for a certain period of time.
The State of e-Invoicing in Latin America
Over 70 countries around the world use electronic invoicing in B2B and B2G environments. Download our complete guide about the current state of affairs and advances in Latin America's electronic invoicing systems.
This white paper helps you to understand the key basics of electronic invoicing models in Latin America.
Electronic Invoicing in Latin America: Gaining Fiscal Control
Chile, Mexico and Brazil pioneered the use of electronic invoicing. Its use is extensive in these countries, and they are beginning to advance in other fiscal policies, such as electronic accounting.
The goal is to simplify the job of the taxpayer and to reduce costs. Due to the nature of the system, taxpayer invoicing and other transactions are constantly monitored. This helps to prevent tax evasion. Electronic invoicing systems allow fiscal authorities to:
To monitor taxpayer transactions as accurately as possible through the amount invoiced in business operations.
Maintain permanent auditing of taxpayer purchases and sales and their impact on industry models.
Know the details of the taxes a business must pay. It is the perfect tool to fight tax evasion.
Advantages of e-Invoicing
Fiscal Advantages
The document is subject to various legal and fiscal controls because it is a mechanism for tax collecting.
Operational Efficiency
Automated management (issuing, sending and receiving) and integration of accounting and account management systems means time reductions, elimination of human errors and greater efficiency.
Cost Reduction
The cost difference between sending a paper invoice and an electronic invoice can be as high as 90%. There is no need to print, send, or generate receipts. This guarantees significant savings.
Manage Your e-Invoice Around the World
It is possible to manage e-Invoicing projects with several partners in different countries. EDICOM's e-Invoicing platform adapts to national legislation and applies all local requirements (electronic signature, formats, storage...). Our global e-Invoicing observation team gathers knowledge about existing models and ensures a service that is constantly updated with each country's regulations.
International Management
Companies that work in markets around the world manage commercial and fiscal operations within a transnational framework. This framework requires processes to adapt to realities like electronic invoicing.
Centralized Management
The capacity to manage multiple existing electronic invoicing frameworks within a solution that directly integrates with the company's central ERP.
Legal Compliance
An invoice documents the contractual relationship between commercial parties. It is a key document that must adapt to the legal framework of each country. EDICOM's global e-Invoicing platform is a certified solution to operate legally throughout Latin America.
Operational Advantages
All processes integrate with the internal management systems of the companies that send or receive invoices. This level of automation considerably reduces procedures.
Latest e-Invoicing News
Latest news on e-Invoicing in Estonia, Lithuania and Latvia
Saudi Arabia Makes Electronic Invoicing Mandatory: FATOORAH Project
Mandatory e-Invoicing in Rwanda: Electronic Invoicing System (EIS)
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