PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Help Available to Achieve Compliance With B2B Invoice Requirements Internationally

By Mercator Advisory Group
December 6, 2012
in Analysts Coverage
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Internet online banking. Plate with site of bank where enter a password to login to profile at bank flat design style

Electronic invoicing is a much-desired capability among U.S. firms because it contributes to operational efficiency as well as providing a data-driven foundation for improved working capital management. Multinational firms and those with significant import-export activity face an added hurdle, because legal requirements for invoice formats vary significantly from one country to another.

Several countries, including Brazil and Mexico, are already relatively far advanced in the use of electronic invoices, including having government-defined specifications for form and process. Not surprisingly, specialist firms such as GXS and Invoiceware have arisen to provide tax compliance and integration with international systems.

GXS, based in Gaithersburg, MD, announced this week the extension of its offering to include the requirements of Brazil and Mexico. According to the firm’s press release:

“Value Added Tax (VAT) is the predominant indirect taxation method for many areas of the world, and a key factor in electronic invoicing is ensuring that each invoice is compliant with local tax authority regulations,” said Nigel Taylor, head of e-Invoicing solutions at GXS. “This can be a complex challenge for companies operating globally. GXS Active Invoices with Compliance allows our customers to outsource this complexity to us as a Managed Service.”

GXS reports that its “Active Invoice Compliance” solution now covers 41 countries, distributed around the globe. The company is publicly traded, and its 2,400 employees are located in more than 20 countries. For firms with multinational B2B invoicing requirements, GXS offers both software solutions and professional services to facilitate supply chain automation.

Click here to read more from GXS.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    digital cards

    Beyond Plastic: Why Digital Cards Are the Future of Credit

    July 8, 2025
    What Premium Card Overhauls by Chase and Amex Reveal About the Credit Card Market

    What Premium Card Overhauls by Chase and Amex Reveal About the Credit Card Market

    July 7, 2025
    Rewire Acquires Imagen, Looking at Prepaid Cards for Migrant Workers

    Smells Like Team Spirit: What Makes Cobranded Credit Cards Work

    July 3, 2025
    uk banking outages

    New Continuous Strategies for Battling Account Takeovers

    July 2, 2025
    Fraud Monitoring

    What to Expect When Nacha’s Fraud Monitoring Rules Take Effect

    July 1, 2025
    payments

    Don’t Just React to What’s Next in Payments—Anticipate It

    June 30, 2025
    consumer debit

    As Payment Types Proliferate, Debit Cards Still Go Strong

    June 26, 2025
    Embedded Payments

    How Embedded Payments Is Optimizing the Expense Management Process

    June 25, 2025

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result