Invoice integration services maximize accounts payable processes in multinational environments
Central America has become a magnet, attracting foreign investments in recent years and large companies have decided to install Shared Services Centers to process financial transactions. There are several factors that lead companies to bet on this model including reducing costs, avoiding effort duplication or consolidating and standardizing processes across the entire organization.
However, technological investment is key to achieving these objectives. In the case of accounting, and accounts payable, automated electronic invoicing solutions facilitate the Shared Services Centers to streamline collection times and increase efficiency in administrative processes. On one hand, issuing B2G and B2B electronic invoices is mandatory in most countries in Latin America and Mexico and its use is growing at the B2G level in Europe. In Central America, the multinational companies that have opted to use this operating model also need to face the legislative requirements of their immediate environments and those of any country (suppliers, partners) with which the company and its business units work. On the other hand, the reception and full integration of the invoices received in the internal computer system automate the reception, validation and accounting processes.
EDICOM, as e-Invoicing technological provider, has developed different tools for invoice integration.
Compliant Inbound e-Invoices: Reception service for international e-invoices with syntactic, semantic and fiscal validators connected to the main international tax administrations.
Partner web portal: Web integration solution for accounts payable in e-format for suppliers with no e-Invoicing solution.