Multinationals adapt to different e-billing schemes worldwide
Electronic invoicing is becoming increasingly prominent in business, not only in Latin American countries, traditionally pioneers in the introduction of this technology, but also around the world. In the public sector, the technological leap is seen as an excellent way to speed up procedures, improve fiscal control and cut economic costs. These advantages also benefit the private sphere. Electronic billing also simplifies daily management tasks, reducing the likelihood of errors and enhancing security.
These reasons have prompted governments worldwide to implement measures to encourage the use of electronic invoicing. The most significant example is Mexico and other Latin American countries, which have rolled out stringent legislation requiring the use of this technology by the vast majority of taxpayers. Similar initiatives are now starting to be applied in some European Union countries, which will soon be using e-billing in their business relations with the Administration.
Although common e-invoicing schemes to ensure interoperability between different countries are now deemed a priority, for now each nation State has a different set of legal and technical requirements. This constitutes a challenge for large multinational companies, which need to be able to adapt to the demands of each Executive.
Our experts will be located at booths 405 and 505 of the San Diego Convention Center, where they will also be demonstrating other technological solutions for business optimization. Anyone interested in the event can register at GS1 Connect website.