Invoiceware by Sovos Simplifies Compliance with Mexico CFDI v3.3 E-invoicing for 2017

Steve Sprague
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Spend Matters Selects Invoiceware International as Top Provider to Know for Third Straight Year

Karen Marchione

Latin American financial compliance leader supports innovation in procurement; included in Annual 50/50 Almanac of Providers to Know and Providers to Watch 

ATLANTA (August 18, 2016) – Invoiceware International, the leader in Latin American electronic invoicing and fiscal reporting, is proud to announce its recognition as a Spend Matters Provider to Know for the third year in a row. The leading global supply chain and procurement source, Spend Matters Spend_Matters_Almanac.pngunveiled its annual 50/50 Almanac listing top providers with a special focus this year on technology disruption in the procurement space. Invoiceware was selected by Spend Matters’ team of analysts and editors for its ongoing advancements to drive innovation in procurement with its supply chain financing and accounts payable automation solutions.

As the largest Latin American Business Network, Invoiceware International simplifies financial compliance in one of the most complex regulatory environments in the world for global companies such as Coca-Cola, Pfizer and Philips. Invoiceware’s compliance-as-a-service platform goes beyond streamlined e-invoicing and fiscal reporting to deliver its clients opportunities for added efficiencies and reduced costs. The Latin American compliance leader’s recent expansions include supply chain financing, as well as accounts payable and accounts receivable automation solutions – all of which contribute to advancements in procurement.

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Topics: supply chain finance, e-invoicing, awards

Governments Implement E-invoicing And Reporting Requirements To Reduce Tax Fraud

Scott Lewin

This article originally appeared in Manufacturing Business Technology on April 28th, 2016. Follow this link to the original article. 

Strict e-invoicing and financial reporting requirements have long been the domain of Latin American governments, where a focus on reducing tax fraud and increasing transparency into business transactions has made this the most complex corporate regulatory environment in the world. However, tax authorities around the globe have taken note of the many governments in Latin America that have been able to increase their tax revenues through such measures. Now, these governments are working toward similar legislation of their own. The U.S. is no exception, recently introducing two new requirements designed to create transparency and drive cost reductions in government procurement processes. For some manufacturers, these new requirements may require a shift in age old processes and operations, but can also provide benefits in the form of internal efficiencies, reduced costs and improved cash flow. 

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Topics: e-invoicing, Business-to-government compliance, reporting requirements, Latin America

Sovos Compliance Acquires Top Latin American Compliance Company Invoiceware International

Karen Marchione

Global compliance software leader adds the industry's only multi-country solution for e-invoicing and tax reporting in the world's most complex tax compliance region.  

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Topics: Company News

Accounts Payable Automation Drives Compliance and Operational Efficiencies in Mexico

Invoiceware by Sovos

This article originally appeared in Supply & Demand Chain Executive on April 15th, 2016. Follow this link to read the original article. 

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Topics: Mexico, Accounts Payable, Business-to-government compliance

Invoiceware International Named One of the 50 Fastest-Growing Companies in Georgia

Karen Marchione

The Atlanta Business Chronicle announces 2016 Pacesetters, honors Latin American compliance solution

ATLANTA (April 22, 2016) – Invoiceware International, the leader in Latin American electronic invoicing and fiscal reporting, was recognized by the Atlanta Business Chronicle as one of the fastest-growing companies in Georgia for the second consecutive year. In 2015, Invoiceware expanded into three additional Latin American countries, maintained a 100 percent client renewal rate, and increased its employee base by 83 percent.

Invoiceware International standardizes complex compliance regulations in Latin America for the world’s Invoiceware International named one of top 50 companies in Atlanta.  largest companies, including The Coca-Cola Company, Brown-Forman, Kellogg’s Eli Lilly, Philips and Pfizer. The company reduces costs and improves cash flow for many Fortune 500 and Global 2000 organizations by proactively managing compliance in the world’s most complex regulatory environment. In 2015, Invoiceware introduced several new solutions to support multinationals operating in Latin America, including supply chain financing, strategic partnerships with Lexmark and Oracle, and capabilities to support the growing number of mandates throughout the region, including Mexico’s eContabilidad and Brazil’s eSocial.

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Topics: awards

Invoiceware International Simplifies Compliance with Colombia DIAN’s E-invoicing Mandates

Karen Marchione

Latin American compliance leader supports global companies required to implement electronic invoicing in Colombia

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Topics: Colombia

Invoiceware International CEO Scott Lewin Recognized for Supply Chain Leadership

Karen Marchione

Leading B2B publication Supply & Demand Chain Executive names Latin American compliance leader a top supply chain provider

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Topics: awards

Invoiceware International to Streamline Tax Reporting in Mexico for Oneida Limited

Karen Marchione

Global tableware brand minimizes risks and automates compliance with Mexico’s recent eAccounting (eContabilidad) mandates

January 19, 2016 (ATLANTA) – Today, Invoiceware International, the leader in Latin American e-invoicing and fiscal reporting compliance, announced that Oneida Limited has selected its electronic accounting solution to simplify compliance with Mexico’s eContabilidad requirements. In order to minimize audit risks, Oneida Limited turned to Invoiceware International for e-accounting that easily integrates into its existing SAP ERP system at a fixed cost for complete compliance in Mexico.

In 2015 the SAT, Mexico’s tax authority, imposed new eContabilidad legislation requiring companies to submit their chart of accounts, trial balances and journal Oneida selects Invoiceware to support Mexico eContabilidad legislationentries electronically to the government on a monthly basis. As business-to-government financial regulations become increasingly more complex across Latin America, Oneida Limited selected Invoiceware International in order to automate its electronic accounting process. With this automation, Oneida Limited eliminates the need for manual reports that can easily result in mistakes and audits, and avoids ongoing change management to its native ERP system as the legislation changes.

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Topics: Mexico, Customer Use Cases

A Compliance Crossroad in Latin America

Karen Marchione

This article originally appeared in Pharmaceutical Processing on November 5th, 2015. Follow this link to read the original article.

Government mandates disrupt pharmaceutical operations, yet provide unprecedented opportunities for innovation.

A Compliance Crossroad in Latin AmericaOperating in Latin America is uniquely attractive to many pharmaceutical companies. A growing and increasingly talented labor market coupled with booming populations and increasing incomes make this area a bourgeoning region for pharmaceutical expansion. Eli Lilly, for example, has identified Brazil and Mexico as two of its “five focus” markets. However, operating in this region presents distinct challenges in the form of business-to-government regulations unseen in other major markets around the globe.

Brazil was the first Latin American country to require e-invoicing in 2009 with the goal of increasing transparency into business operations and ultimately increase tax revenues. As this approach has proven successful—in 2012, Brazil realized a ~$58 billion U.S. increase in tax collections—more and more countries throughout the region have implemented similar processes. Ten countries in Latin America have now enacted e-invoicing mandates, and these requirements are beginning to appear in emerging markets worldwide. Further, the reach of these mandates is spreading, affecting an increasing number of business processes—including sales, distribution, procurement, and even HR.

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Topics: Latin American Financial Risks, Electronic Invoicing in Latin America, Business-to-government compliance, Supply chain