InvoiceWare, a leading purveyor of eInvoicing solutions in Latin America has recently been selected by Phillips to oversee its Nota Fiscal requirements throughout Brazil. The SaaS-based solution will be replacing an on-premise legacy software and will reportedly reduce annual maintenance costs by 80%.
Phillips made the transition in response to last July’s mandate by the Brazilian government requiring electronic invoicing (NF-e). Alexandre Quinze, CIO for Phillips Latin America said, “Our decision came down to upgrading the SAP GRC Nota Fiscal solution to issue electronic invoices and keep the entire infrastructure and annual maintenance or select an alternative solution based on Software as a Service (SaaS).”
InvoiceWare certainly did their part in this process by making their solution desirable. InvoiceWare offers automatic contingency processes that keep operations from being shut down as well as multi-language support. They facilitate all internal maintenance, alleviating the time and expense associated with changing legislation. Moreover, they present a highly competitive price point among their competitors and a low implementation window.
PayStream Advisors will be publishing a report on the eInvoicing environment among multinationals throughout Brazil, Chile, Mexico, and Argentina. We are excited to see how this new partnership flourishes and hope to use Phillips as a case study, giving key insight into the challenges multinationals face with adapting to highly dynamic tax regulations throughout Latin America.
To view the official press release click here.
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