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The implementation of mandatory electronic invoicing continues to advance in Latin America. Below, we highlight the developments that have occurred in recent months:
In Europe, electronic invoicing is present in all countries and much of the success of its use is due to the regulatory impulse by the different governments to accelerate its implementation through compulsion. Such is the success of the B2G e-invoicing that the use of it is being extended to the B2B field. In this post, we will see which European countries are already adopting this new modality of invoicing between companies.
The United States is the third-largest country, home to digitalization and artificial intelligence.
In the supply chain, fluid communication between all actors that are part of the process is essential. Therefore, the Electronic Document Exchange (EDI) revolutionized all the parties that make up this supply chain, especially in sectors such as automotive, retail or logistics.
European countries lose 825bn euros from tax evasion every year. This represents a loss of 16.5% of their tax take, according to a report by the socialists and democrats group. This is a major problem for governments and for which action has already been taken at both global and local levels.
Digitalization brings many benefits to businesses. Indeed, companies that have not implemented it have a significant loss of competitive advantage compared to other companies. Business have already modernised and automated many daily activities or tasks. One of these is as a result of Electronic Document Interchange (EDI). Its take-up is increasing and the annual volume of total EDI transactions now exceeds 20bn euros.
Singapore pioneered the use of electronic invoicing - not just in Asia but worldwide. The country began using it in 2003, at the same time as Chile. However, it would be years later that it would become mandatory in Singapore.
