Wednesday, October 13, 2010

New NF-e 2.0 Mandates - Brazils e-Invoicing Requirements, Part 2

This is Part 2 of a series on the changes to Brazil's e-invoicing, NF-e 2.0 requirements.  To read Part 1 of this article, click here.

More from electronic invoicing expert, Scott Lewin, President of Crossgate, Inc. “We analyzed the new regulations and have updated our solutions accordingly.  We studied  the requirements for outbound, contingency, and inbound compliance so we could manage these changes."  Staying on top of these fast changing regulations and mandates is important for companies like Crossgate that provide electronic invoicing services so their clients can avoid implementation delays or costly fines for non-compliance.

Supporting the NF-e requirements is not trivial.  It requires real time integration with ERPs.  This is work.  If your company is multi-national and needs to support the electronic invoicing requirements of many different regions, this can be an enormous task requiring many experts.

Electronic invoicing service providers integrate their service bureaus with their customer's ERPs and SEFAZ, and ensure compliance to country specific mandates and changes.  Many e-invoicing managed services providers support the requirements of multiple countries.  Crossgate, as an example, supports e-invoicing requirements in over 38 countries.

My recommendation is to appoint a business analyst to be the electronic invoicing expert.  Research your e-invoicing needs in each country that you do business.  Determine if it is more cost effective to develop your own in-house support or to work with a managed services company with worldwide experts in e-invoicing.

Kevin R Benedict SAP Mentor, SAP Top Contributor, SAP Blogger
Independent e-Invoicing and EDI Analyst and Consultant
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*Full Disclosure: I am an independent consultant that has worked with and for many of the companies mentioned.

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