“Our mail goal is to join management and exchange of electronic tax documents in a single cloud services platform, which is scalable and has a low cost. This solution comprises various software, fiscal entities and technological providers, allowing companies to centralize and standardize the invoicing and auditing processes for the whole LATAM region”, Ignacio Garcia Franqueira, AW Latam Innovation & Technology Manager tells us about Invoicing 365, their electronic invoicing solution for the region.
Invoicing365 is a services platform for auditing multi-product and multi-country electronic tax documents which purpose is to solve the electronic tax documents issuance and recording needs in all LATAM. No matter the country nor the tax agency or technological provider the tax information must be filed with, which data exchange technology we are talking about or which is the volume of documents to audit, this platform consolidates the management of electronic tax documents.
Currently, electronic invoicing is a trend in the whole world. In a study by the
Inter-American Development Bank (BID), innovations and benefits the e-invoicing entails, like saving time and fulfilment costs, add up to the best processes and systems integration of foreign trade operations within the companies.
To aid the current globalized business environment, Invoicing 365 works on resolving the invoicing and auditing challenges in each country, by getting involved in the interaction among multiple local providers, technologies and tax agencies.
Thus, AW has become an important contact point in the region, guarantying the service and support of the LATAM companies.
¿What will you achieve with Invoicing 365?
End to end integration of the invoicing and auditing regional process. The service guarantees the integration from the ERP to the local tax agency both ways without the need of hiring local technological suppliers.
Help desk/ unified support in one supplier for the whole region.
On demand scalability depending on the volume and invoicing peaks.
Unified user experience. No matter the country in the region nor the type of tax document to audit, the user operates the ERP the same way taking into account the peculiarities and local requirements, thus streamlining and reducing the time needed for training and launching the solution.
There is no doubt electronic invoicing brings new opportunities to the emerging models for funding and associations between banks and service providers. In a survey performed by Grupo SERES, specialist in Safe Electronic Document Exchange, it is highlighted that 79% of the American countries use e-invoices in their business transactions, 37% out of that percentage are required to used them, while 42% use them voluntarily.
About the transformations Invoicing 365 is achieving in the region, Ignacio García Franqueira concludes that “in AW, our design is based on 30 years of experience in the local and regional markets working on ERP deployments. Through our 100% cloud based architecture and with a microservices scheme, we have adapted to synchronous and asynchronous integration programs. All of them are based on technologies made available by each of the local tax bodies, with a current coverage of 8 countries in the region, supporting more than 40 types of electronic tax documents”.
