Tag Archives: eInvoicing compliance

Invoiceware International Wins Sigma-Aldrich

This week, Invoiceware International was selected by Sigma-Aldrich to simplify their compliance with Brazil’s Nota Fiscal eInvoicing legislation. Sigma-Aldrich is a leading Life Science and High Technology company whose biochemical, organic chemical products, kits and services are used in scientific research. Their products are also used as key components in pharmaceutical, diagnostics and high technology manufacturing, and the importance of their products makes tax compliance a very important concern for their company. Invoiceware will help them lower the cost and risk of maintaining that compliance. 

Invoiceware already has extensive experience and expertise in the area of Latin American eInvoicing. Their hybrid-cloud network stays compliant with LatAm tax mandates, simplifies implementation, and is more than able to handle the ongoing changes in the region. Invoiceware is not only fully equipped to process Brazil’s Nota Fiscal, but they also support and regulate Mexico’s SAT, Argentina’s AFIP, and the Chilean DTE. The company makes it a priority to stay updated with changing regulations in all of these countries, most recently releasing a packaged integration with leading payroll solutions to maintain compliance with 2014 Mexico Nomina Electronica mandates.

In Brazil in particular, Invoiceware meets the Nota Fiscal requirements by providing comprehensive compliance, economies of scale, reduced operating costs, and overall improved business performance. They are very optimistic about their ability to simplify the LatAm process for their newest client.

“We are pleased to have Sigma-Aldrich utilizing our SAP Hybrid Cloud for Brazil Nota Fiscal to simplify compliance with the ongoing changes in Brazil including Nota Fiscal version 3.1,” commented Scott Lewin, President & CEO of Invoiceware. “Because Invoiceware’s business model shields our customers SAP® ERP system from the constant changes across Latin America, multinationals are able to maintain compliance at a fixed, predictable cost.”

To learn more about eInvoicing in Latin America, look out for our upcoming research report, “A CFOs Guide to eInvoicing in Latin America: Brazil, Chile, and Mexico.”

Tungsten Network: Compliant and Confident

Tungsten Network, the global eInvoicing system built on OB10, is now working with Caterpillar, the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. With this contrhttp://www.tungsten-network.com/media/12786049/header_logo.pngact, Tungsten will provide eInvoicing to Caterpillar’s suppliers across the UK and Poland.

Edmund Truell, Group CEO at Tungsten Corporation, said, “We are delighted to welcome Caterpillar to Tungsten Network. This is yet another milestone as we realize our vision to create the world’s largest electronic trading network.”

They are certainly on their way to becoming one of the world’s largest networks considering their recent global movements. In early June, Tungsten was accredited as a supplier on the UK Government Crown Commercial Service, G-Cloud 5 Framework. This service will be used by UK public-sector bodies, and Tungsten believes their involvement in this collaborative agreement will be beneficial in strengthening their operations and relationship with the public sector.

Tungsten is also cementing their business relationships in Southwest Asia as the result of in-depth research and technical development. They became eInvoice compliant in Saudi Arabia earlier this month, enabling customers straight-through processing of domestic and offshore electronic invoices with adherence to commercial laws and qualifications. Shortly following this movement, Tungsten also became compliant within the United Arab Emirates (UAE), one of the Middle East’s largest economies and an important global business hub.

“Tungsten Network is continuing its multi-million pound investment programme to help our buyer and supplier customers achieve global compliance across their invoice-automation programmes,” says Edmund Truell. “A number of our major clients have identified the UAE as a key market, and we’re delighted to deliver this important territory to them as we help them trade with confidence.”

Many other countries can also trade with confidence using the Tungsten Network—the UAE is their 46th compliant country. This impressive number does not surprise PayStream Advisors. We believe that Tungsten will only continue to expand as it offers customers around the world the reassurance of a compliant and efficient eInvoicing system.
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