Electronic invoicing for Latin America: 4 mistakes to avoid
These are the common mistakes to avoid while choosing an electronic invoicing solution for Latin America and be identified as key pain points:
- Total Cost of Operations
Multiple solutions to be implemented and multiple contract partners to be supported.
2. Usability
Multiple monitors, configuration, and processes
3. Data Inconsistency
Adjustments done on 3rd party software are not reflected in back-end SAP system.
4. Ineffective Support
- High effort for synchronization of legal changes from multiple counterparts.
- Lack of process expertise from service provider.
To avoid these challenges, we recommend the use of SAP Document Compliance solution to keep compliant. The eDocument Framework was developed by SAP Globalization Services and brings the following benefits:
- To comply with local regulations mandating the use of electronic documents to be sent to business partners and/or legal authorities.
- Facilitates realization of different local requirements:
- By leveraging their similarities
- Ensuring high standards
- Consistent user experience and lower operational cost
One Solution
End-to-end approach.
Unified user experience
Reduced set of tools.
One Globalization Network
Professional processes and services.
Get to know our client’s use case
Origen has a long-time customer where we are in charge of AMS support for LATAM Localization for all countries where they operate. The customer is still using 3rd party software for electronic invoice in Colombia with one provider and another for Mexico and Argentina, as a result they must use multiple monitors for electronic invoicing, controlling, and submitting of invoice to their customer base. Because they manage operations that they perform centrally for the region, this situation causes ineffective and expensive support with high efforts incurred plus delays of synchronization of legal changes between multiple 3rd party providers.
As an example, in Argentina, they spent several months trying to adopt the FCE (Electronic Credit invoice mandate) new regulation and validations required by AFIP on their external software that were not automatically reflected in the back end and as a result, they were able to use it 2 months after the regulation was first in place.
Fortunately, Origen made the recommendation for them to handle the requirement in SAP Document Compliance for all the mentioned Countries: Colombia, Argentina, and Mexico (for e-invoice plus Payment Complement) and for Chile and Peru to consolidate on a single platform.
Document Compliance a solution integrated with the backend.
For companies running SAP ECC or S/4HANA with Latin American operations, Origen’s experience in implementing SAP Document Compliance offering can help end customers use a single SAP Platform for LATAM for electronic invoicing and other electronic documents like withholding certificates, delivery notes, payment complement, etc.
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