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Origen Tech participated in the annual SAP Document and Reporting Compliance Virtual Summit 2023, which took place on September 26^th and 27^th. 

The annual event is a great opportunity to bring together customers, partners and SAP experts in a rich exchange of experiences on how the mandatory processing of mandatory and evolving electronic documents and statutory reports takes place around the world. 

The main topics discussed included the presentation of success stories with SAP Document and Reporting Compliance, the presentation of future innovations and the solution’s roadmap, the influence of SAP’s strategy for customers, as well as debates on tax management at a global level. 

Origen Tech’s role in the global expansion of SAP Document and Reporting Compliance

On the second day of the event, our SAP LATAM Localization & e-invoice Manager, Gustavo Colamussi, gave a presentation showing Origen Tech’s experience in the process of expanding SAP DRC (Document and Reporting Compliance ) to other countries. 

Alongside Terry Blackwell, Manager of Business Integration at Nu Skin Enterprises, Gustavo presented the implementation case of SAP DRC e-invoice for Vietnam, in 2022, after the country’s government announced the mandatory use of electronic invoicing. 

Origen Tech’s collaboration with SAP was key to extending the reach of the SAP DRC product to new regions, allowing companies around the world to adapt seamlessly to local regulations. All this, based on the development of a scalability methodology with just a single business process. 

Origen Tech has extensive expertise and experience in delivering e-invoicing solutions for multinational companies and we ensure that the solution is updated according to the regulatory changes in each country location, as well as providing ongoing support for clients.

Contact us for any questions on the SAP DRC (Document and Reporting Compliance) solution for your organization to enable real-time, online exchange of electronic documents from SAP ERP & S/HANA on a single unified platform that helps companies stay compliant safely, globally and with an affordable cost structure. 

Watch Origen Tech’s presentation at the event below: 

Do you want to easily stay compliant with local tax requirements, ensuring high standards with lower operating costs? Origen Tech can help you with that. 

Over the last few years, there has been a strong global movement towards legislative changes in relation to invoicing and purchase orders, which has created major challenges for companies.

Non-compliance can result in significant financial penalties, business disruption, and reputational damage. 

Since 2021, a pilot roll out is underway of mandatory e-invoicing for all new taxpayers on the Electronic Invoicing System SFEP (Sistema de Facturación Electrónica de Panamá). Among other reasons, the legislative change was created to reduce fraud and improve tax compliance in the country. 

To help companies prepare for the new e-invoicing mandates, Panama has extended the deadline for complying with the new requirements until mid-2023. 

One of the most recent legislative changes on the subject in the country (Resolution N°201-0806) determined that taxpayers who provide services related to “stock exchanges, brokerage houses, investment managers, investment advisors and price providers” must now adhere to the Electronic Billing System. Affected taxpayers must comply with e-invoicing obligations as of August 31, 2023. 

How did Origen Tech solve the problem? 

At Origen Tech, we’ve successfully tackled the challenge head-on! Despite SAP’s Document and Reporting Compliance (DRC) e-invoice solution not encompassing Panama in their roadmap, our dedicated team at Origen has risen to the occasion with determination and innovation. 

Leveraging the robust eDocuments framework and solution architecture from other SAP standard solutions, we’ve engineered a customized and extended SAP solution, catering specifically to Panama’s unique e-invoice compliance mandates. 

The results have been nothing short of remarkable! Our tailored SAP solution automates the e-invoice process, facilitating seamless invoice management, enhancing operational efficiency, and ensuring full compliance with legislative changes in Panama.

We take immense pride in empowering businesses to thrive in the ever-evolving digital landscape. If your company needs a game-changing solution for Panama’s e-invoice challenges, don’t hesitate to reach out to Origen Tech. Together, let’s conquer the digital realm and propel your business towards sustained success!  

Origen’s Migration Program is designed to align with the global SAP program, which has a primary objective of assisting customers in making informed decisions regarding the benefits that SAP S/4HANA can provide to their company.

The program aims to support customers throughout the migration process to SAP S/4HANA, ensuring a smooth transition and maximizing the advantages of the new system for their organization. 

By aligning with the global SAP program, Origen ensures that its migration program approach follows best practices and methodologies endorsed by SAP. This alignment allows Origen to leverage the expertise and resources of the global program, enabling it to provide comprehensive support and guidance to its customers. 

The migration program to SAP S/4HANA offers numerous benefits to companies, including enhanced performance, real-time analytics, simplified business processes, improved user experience, and increased scalability. Origen’s Migration Program assists customers in understanding these advantages and assessing how they can positively impact their specific business requirements. 

Through a collaborative approach, Origen works closely with customers to analyze their existing systems, evaluate the feasibility and readiness for migration, and develop a tailored migration strategy. The program includes comprehensive planning, technical execution, data migration, testing, training, and post-migration support to ensure a successful transition to SAP S/4HANA. The whole process is based on 4 phases: 

• PHASE 1 – Assessment & Discovery of current SAP instance​ 

The first phase of the migration program has the goal to ensure that the client has a clear vision and understanding of the benefits that the SAP S/4 HANA ERP can offer and the main reasons why they should perform the migration / implementation. This is done by a Presentation of S/4 HANA Improvements and FIORI application portfolio​, and Origen’s survey questionnaire​. 

• PHASE 2 – Analyze Migration Scenarios​ 

In this phase, our team will make sure the client is aware of the different migration / implementation scenarios to SAP S/4 HANA and the solutions that Origen can offer to achieve it.​ A presentation of migration scenarios to SAP S/4 HANA is done, alongside the execution of SAP reports, such as: Readiness Check​, Business Scenario Recommendation​, and Transformation Navigator​. 

• PHASE 3 – Understanding Customer’s Business Strategy 

The third phase of the migration program consists of obtaining business information related to the strategic objectives of the company that allows us to suggest the best migration / implementation scenario towards SAP S/4 HANA.​ A meeting to gather the business’ information and interpretate the SAP reports is done, where our team will have an assessment. 

• PHASE 4 – Recommendations & Cost Estimate 

In the last phase, Origen’s team presents to the client the results of the information obtained during the program and presents the proposal to migrate the company to SAP S/4 HANA.​ This phase includes the presentation of assessment results and reports, and a proposal for project implementation approach including: SAP consultant services​, SAP licenses​, and Infrastructure required​. 

Origen’s alignment with the global SAP program ensures that customers receive up-to-date information, access to the latest tools and resources, and benefit from the collective knowledge and experience of SAP. This alignment reinforces Origen’s commitment to delivering value-driven solutions and helping customers make informed decisions about their digital transformation journey with SAP S/4HANA. 

Adopting an SAP solution has never been so simple and affordable! Click the following link to know more about the migration program: https://origentech.com/migration-solaas-s4-hana-eng/

The implementation of electronic invoicing using SAP Document and Reporting Compliance in Argentina requires businesses to meet rigorous and multidisciplinary standards that are constantly changing.

These standards require that businesses store information in a safe, traceable, and accessible way to different entities and people, including government agencies, certification authorities, audits, customers, suppliers, partners, and consumers, among others.

This means that businesses must have reliable and secure technical infrastructure to support electronic invoicing and comply with legal regulations. They must also invest in specialized software and systems capable of handling large volumes of data in a secure and efficient manner. This is necessary to ensure compliance with legal requirements and protect sensitive financial and personal data from unauthorized access or breaches.

To successfully implement electronic invoicing and document compliance, businesses in Argentina must stay up to date with changing regulations and invest in the necessary infrastructure and software to ensure compliance and protect data.

Origen Tech’s SAP Document and Reporting Compliance is the best suited solution for the exchange of electronic documents from SAP ERP & S/4. Its holistic, secure, and integrated approach helps companies stay compliant safely, globally, and at affordable costs, where the following benefits stand out:

• Built-in standard functionality and extensibility resources to support e-Invoicing requirements such us other LATAM countries, like Colombia, Chile, Mexico, Peru, Brazil and now Argentina.
• Guaranteed update to frequent legal changes in Argentina.
• Global coverage: SAP single platform to manage electronic invoice mandates in LATAM, reducing effort to maintain interfaces with third-party software.
• Adoption of best practices based on expertise and focus of Origen on delivering SAP e-Invoicing solutions for multinational companies with operations in Latin America.

Furthermore, Origen’s solution for Argentina e-invoice covers the following scope:

• RG2485 for domestic scenarios of sales in Argentina, it sends document header information to AFIP, Documents with print character A and B containing CAE number and ODN (Official Document Number).
• RG2758 for export sales in Argentina, Documents with print character E containing CAE number and ODN (Official Document Number).
• RG2904 for domestic scenarios of sales in Argentina, it sends document header and line-item information to AFIP, Documents with print character A and B containing CAE number and ODN.
• Electronic credit invoice MiPyMes (FCE). For LATAM companies running SAP ECC or S/4HANA, Origen’s Document Compliance offering in SAP can help to use a single platform for LATAM for e-invoicing and other electronic documents like withholding certificate, delivery note, payment complement, etc.Click here to download the PDF document with more information and all the details.

It was published and confirmed by DGI Panama, the new mandate dates for the use of Electronic invoice system (SFEP) with the following phases:

• Phase 1 new date: April 30.

Banks and other financial institutions will implement the use of the electronic invoicing system for all commissions for the services provided, such as: Commissions and Surcharges (Savings Account Commissions, Surcharges for Savings accounts, Commissions for Loans, etc.)

• Phase 2 new date June 30.

Banks and other financial institutions will implement the use of the electronic billing system for all commissions for services provided, such as: Interest earned on personal loans, mortgage loans, commercial loans, loans lines of credit, overdrafts, etc.

• Phase 3 new date August 31.

Banks and other financial institutions will implement the use of the electronic invoicing system for all commissions for the services provided, such as: Investment Banking, Exchange Houses, Fund Managers (investment funds, savings, pension) Insurance and Reinsurance Companies, Credit Cards, ATMs, etc.

• As of June 30, 2023:

The operations and services in general carried out by banks and other financial institutions, including financial leasing companies and investment funds.

Companies established in free or special zones, such as:

• Baru Free Zone
  • Free trade zone
  • Oil Free Zone
  • Colon Free Zone (ZLC)
  • City of knowledge
  • Panama Pacific Economic Area (AEEPP)
  • Headquarters of Multinational Companies (SEM)*
  • Multinational Companies for the provision of services related to Manufacturing.

• As of August 31, 2023:

Operations carried out by the stock market and products authorized to operate in Panama.

• Operations carried out by the Insurance sector.
  • Operations carried out by other financial institutions not previously classified.

During the last few months, Origen’s electronic invoice experts’ team have been extended the use of electronic invoice for Country Panama in SAP Document and Reporting Compliance (aka eDocuments) implemented the solution in several Panama Companies using SAP.

For companies running SAP, Origen Technologies has developed a partner solution using SAP DRC electronic invoicing framework, that is capable to support Panama mandates.  

For LATAM companies running SAP ECC or S/4HANA, Origen’s experience regarding SAP Document and Reporting Compliance offers a single SAP standard framework  including e-invoicing and other electronic documents such as withholding certificate, delivery note, payment complement, etc.

Click on the link below to learn more:

Vietnam Document and Reporting Compliance by Origen Tech Now Available on SAP® Store

By integrating with both SAP ERP and SAP S/4HANA^®, the e-invoice solution delivers a country variant of the global SAP Document and Reporting Compliance solution. 

Miami — October 6, 2022 — Origen Tech announced today that its Vietnam Document and Reporting Compliance solution is now available on SAP^® Store, the online marketplace for SAP and partner offerings.  

“Based on our in-depth expertise within the compliance and localization space, and in support of SAP solutions, we have built this document and reporting compliance solution to comply with the electronic invoicing requirements in Vietnam,” said Gustavo Colamussi, Manager Localization & Electronic Invoice solutions, Origen Technologies. “ 

This is another statement of our commitment to support clients with their statutory needs in the region in our role as an SAP partner.” 

Benefits of the Vietnam Document and Reporting Compliance solution: 

• Built-in functionality and extensibility resources to support e-invoicing requirements, like the global SAP Document and Reporting Compliance solution currently available for Chile, Mexico, Peru, Spain, Italy, Argentina, and Brazil 
• Includes updates to reflect legal changes in Vietnam 

• Global coverage: Integration with SAP technology on a single platform reduces effort to maintain multiple interfaces with third-party software 
• Adoption of best practices from Origen Tech based on the company’s expertise and focus on delivering e-invoicing solutions for multinational companies with operations in Latin America, Asia, and Europe 

The communication on the Vietnam Document and Reporting Compliance solution happens between SAP ERP or SAP S/4HANA^® and a Vietnam third-party integrator via SAP Integration Suite. The third party receives, validates, and approves electronic invoices on behalf of the General Department of Taxation (GDT) of Vietnam. Once the electronic invoice is approved, the approval CQT code (Authorization Electronic Code) returns and updates the electronic invoice cockpit / monitor within the SAP Document and Reporting Compliance solution.  

SAP Store, found at store.sap.com, delivers a simplified and connected digital customer experience for finding, trying, buying, and renewing more than 2,000 solutions from SAP and its partners. There, customers can find the SAP solutions and SAP-validated solutions they need to grow their business and for each purchase made through the SAP Store, SAP will plant a tree. 

Origen Technologies is a partner in the SAP Partner Edge program. As such, it is empowered to develop, market, and sell software applications that supplement and are built on SAP software and technology.  

About Origen Technologies 

Origen Tech is a consulting and products & solution developer company for SAP technology, based in the United States. The company is focused on helping Multinational Corporations with their compliance, localization, and foreign trade needs in the United States and Latin America/Brazil. The company also provides SAP application management services support practice out of its delivery centers in the USA, Brazil, Mexico, and Argentina. 

Any statements in this release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to various risks and uncertainties described in SAP’s filings with the U.S. Securities and Exchange Commission, including its most recent annual report on Form 20-F, that could cause actual results to differ materially from expectations. SAP cautions readers not to place undue reliance on these forward-looking statements which SAP has no obligation to update, and which speak only as of their dates. 

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries.

Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies. 

For more information, press only: 

1-855-ORIGENT (1-855-674-4368) 

info@origentech.com 

Origen Tech has extended the SAP Document and Reporting Compliance framework solution to support electronic exchange of outgoing electronic invoices for Vietnam to meet legal Vietnam General Department of Taxation (GDT) requirements. 

SAP Document and Reporting Compliance is SAP’s offering that helps customers comply with mandates ranging from e-invoicing/e-documents to e-reporting and statutory reporting worldwide with standardized and centralized processes. 

SAP Document and Reporting Compliance is the best suited solution for the exchange of electronic documents from SAP ERP & S/4 HANA due to its holistic, secure, and integrated approach that helps companies stay compliant safely, globally, and at affordable costs. 

SAP Document and Reporting Compliance for Vietnam is a partner solution for electronic invoice delivered by Origen, following the same architecture as other standard country Document and Reporting Compliance solution offerings. 

The communication on the solution happens between SAP ERP or S/4HANA and Vietnam third party integrator (for example Vietnam Posts and Telecommunications Group VNPT). Via SAP Integration Suite the third party will receive, validate, and approve electronic invoices on behalf of the General Department of Taxation (GDT) of Vietnam.  Once the electronic invoice is approved, the approval CQT code (Authorization Electronic Code) returns to SAP and updates the electronic invoice cockpit / monitor within SAP Document and Reporting Compliance. 

Benefits: 

• Built-in standard functionality and extensibility resources to support e-Invoicing requirements as used in other countries like Chile, Mexico, Peru, Brazil, Spain, Italy, Argentina, and now Vietnam. 
• Guaranteed update to legal changes in Vietnam by Origen Tech. 

• Global coverage: SAP as a single platform to manage electronic invoice mandates in effort to reduce the maintenance of interfaces with third-party software, simplify business operations for documents monitoring and corrections. 
• Adoption of best practices based on expertise and focus by Origen tech on delivering SAP e-Invoicing solutions for multinational companies with operations in Latin America, Europe, and Asia. 

For Companies running SAP ECC or S/4HANA, SAP’s Document and Reporting Compliance offering provides a single SAP Platform for e-invoicing and other electronic documents and Reports. 

Click on the link below to know more or contact Origen Tech for more details, demo, and next steps to use SAP as a single platform to manage electronic invoice mandates: