B2B Payments

Brazil Steps Forward In E-Invoicing Innovation

Aerospace manufacturing company Brazil Nota Fiscal announced earlier this week that it had selected Invoiceware International to manage its eInvoicing processes in Brazil. The aerospace firm is a Fortune 50 multinational company, according to E-Invoicing Platform.

The move is expected to help Brazil Nota Fiscal eliminate the project and IT burdens caused by the constantly changing regulations.

Invoiceware International President and CEO Scott Lewin said in a statement that his organization’s business model shields its customers’ ERP system from the “constant changes across Latin America at a fixed, predictable cost.”

“Multinationals are looking for ways to lower their cost of doing business across the region, and working with Hybrid Cloud providers to manage compliance can reduce annual IT change management costs by upwards of 80 percent a year,” Lewin said, as reported by E-Invoicing Platform.

South America is joining the ranks of European countries in switching over to eInvoicing platforms. Last week, PYMNTS.com discussed how Spain is continuing to move forward in its push for eInvoicing. Called Facturae, the official formatting of e-invoicing in Spain, is designed to give two options when it comes to submitting e-invoices. The first choice is by doing it individually with a web portal. The second option is through using a web services communication program, according to E-Invoicing Platform.

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.



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