Mexico's biggest businesses choose Edicom as their eInvoicing provider
With barely two years since the beginning of the initiative Mexico has firmly established its system as one of the pioneering eInvoice standards globally. CFDI has proven to be a dynamic solution allowing businesses issuing invoices to benefit from important advantages in managing their administrative processes.
Mexican companies must issue their invoices in electronic format, through a procedure that requires them to engage the services of an authorized provider (ACP or Authorized Certification Provider) to validate the document created, certifying it and declaring it to the country's tax authorities.
This system is being widely adopted, as shown by the SAT (Tax Administration Service) statistics for the period up to 31 January 2013:
581,924 taxpayers issuing invoices following this model.
669,323,719 CFDIs (Digital Tax Invoices) issued in the country.
Edicom consolidates CFDI issuing service
Edicom became the first authorized ACP in Mexico, gaining this accreditation in November 2010.
Since then, Edicom has strengthened its position in the market as one of the country’s major ACPs, with rising figures confirming a growing trend in the number of CFDIs issued by the certification service.
Figure 1: EDICOM CFDI issuance service progress until January 2013
Total CFDIs issued in Mexico: 669,323,719
CFDIs certified: 55,956,133
% CFDIs issued by Edicom: 8.36%
Taxpayer issuers in Mexico: 581,924
Taxpayers using Edicom: 2,830
Comparing Edicom’s CFDI issuance details with the statistics from the SAT shows that it is one of the country’s main issuers, with a total of 55,956,133 CFDIs up till 2013.
This volume of electronic stamps accounts for 8.36% of the total invoices issued by the 62 ACPs accredited by the SAT.
Edicom provider chosen by the biggest billers
The more than 669 million CFDIs issued and cited in this analysis were generated by a total of 581,924 taxpayers.
We have identified how 8% of these invoices are certified by Edicom, when actually only 2,830 taxpayers (less than 1% of the total) are users of the service provided by Edicom.
These data suggest that the businesses using CFDI issuance services and opting for Edicom coincide with the largest issuers of electronic invoicing in the country and therefore some of the largest enterprises in the world.
International Electronic Billing Specialist
Edicom is a world leader in the development of data integration solutions between companies such as EDI (Electronic Data Interchange)
Its upward trajectory since 1995 has made it the provider chosen by some of the largest companies worldwide to roll out specific data integration solutions between businesses, including electronic billing systems.
Numerous projects developed by Edicom include complex billing platforms that enable businesses to concentrate their legal invoice issuance solution in one sole provider, adapted to multiple requirements in Mexico, Chile, Guatemala, Argentina, Brazil, Spain, France and Italy, etc.
Edicom’s technological capacity to undertake large-scale projects with proprietary solutions is further strengthened by specific management services that enable total outsourcing of their client companies’ data integration solutions.