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At a time when every penny counts and companies are looking to operate with maximum efficiency, major national retailers are turning to e-Invoicing to help make bottom line gains. Companies such as 7-Eleven, Tim Hortons and Restaurant Depot have found that e-Invoicing not only cuts costs, it eliminates the inefficiencies inherent in the process of receiving paper invoices from suppliers -- resulting in the ability to do more with less.
http://pr-usa.net/index.php?option=com_content&task=view&id=498169&Itemid=29
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The idea that your backend systems needs to produce and send new data in real time to Mexico's SAT, and receive and integrate a certificant in real time makes things interesting.
http://b2b-bpo.blogspot.com/2010/09/educational-webinar-on-mexico-e.html
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Continental’s new electronic invoicing system, which provides improved recording and exchange of invoicing and credit notes between Continental and customers, is designed to make business life easier, but it also shows the company’s environmental credentials.
http://www.tyrepress.com/News/business_area/e-Commerce/20660.html
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The new SEFAZ regulations in Brazil require companies to prepare outgoing invoices in an XML format and have them authorized in real time before shipments can be delivered. Kellogg has a consolidated global SAP landscape, but with only six weeks until the new mandates would go into effect, they didn’t have time for a lot of customization and configuration.
http://www.crossgate.com/about-crossgate/press-item/article/crossgates-helps-kelloggs-meet-brazilian-nota-fiscal-eletronica-nf-e-mandates-for-2010/
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While electronic invoicing solutions have been available for several years, many companies are just now taking steps to move away from the slow, labor-intensive and paper-based invoicing method to more efficient and environmentally responsible alternatives. By moving to an e-invoicing network, companies can experience immediate breakthroughs in efficiency and positively impact the environment.
http://www.environmentalleader.com/2010/09/08/how-e-invoicing-can-save-a-small-forest/
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In June 2010, SCM World surveyed 819 supply chain executives around the world to gain an understanding of trends in customer-supplier relationships and supply chain technology. The research, was one of the largest studies ever completed on B2B e-commerce.
http://raptureworld.co.uk/webinar-GXS.html
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Herefordshire council and local health bodies expect to save £2.7m a year by using cross-sector shared services. The project will see the public sector partners collaborate to share back office services, with the aim of improving services and delivering savings. The shared services center platform will provide integrated business support across finance, e-procurement, human resources, payroll, service orders, service agreements, e-invoicing, scanning, and supplier and contract management.
http://www.computerworlduk.com/news/public-sector/3241705/herefordshire-shared-services-deal-promises-27m-a-year-savings/
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In a press conference held on September 3, 2010, Mexico’s SAT announced new compliance laws for electronic invoicing which will take effect January 1, 2011; and the impact on business processes will be significant for companies that haven’t prepared in advance.
http://www.crossgate.com/about-crossgate/press-item/article/crossgate-offers-e-invoicing-solution-to-comply-with-mexico-sat-enhancements/
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Let’s take the business-critical process of customer invoicing, receiving a payment from a customer, and settling that transaction within the accounts receivable system. On average, it costs companies $3 to $5 to get an invoice out the door and another $9 to $11 to process the payment when it is received. Customers receiving an invoice incur about the same cost to process the invoice, post it within their system, and get a check back out the door to their suppliers.
http://www.webcpa.com/news/Addressing-Cost-Challenges-Electronic-Invoicing-55551-1.html
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Vopak is the world’s largest independent tank terminal operator specialising in the storage and handling of liquid and gaseous chemical and oil products as well as providing complementary logistic services for customers at its terminals. By automating message exchange with its customers, Vopak identified where it would gain important benefits including integrity, efficiency and time-saving through real-time exchanges of data. The next key stage for Vopak is to add e-invoicing to its operations.
http://www.americanbankingnews.com/2010/09/15/vopak-stores-success-with-crossgate-edi-services/
Recent articles by Kevin Benedict
- The Real Time Component of Mexico e-Invoicing and SAT Enhancements, Part 1
- The Real Time Component of Mexico e-Invoicing and SAT Enhancements, Part 2
- The Real Time Component of Mexico e-Invoicing and SAT Enhancements, Part 3
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Kevin R Benedict SAP Mentor, SAP Top Contributor, SAP Blogger
Independent e-Invoicing and EDI Analyst and Consultant
www.linkedin.com/in/kevinbenedict
Follow me on Twitter @krbenedict
Join the SAP EDI and SAP Information Interchange group on Linkedin:
http://www.linkedin.com/groups?about=&gid=2884582&trk=anet_ug_grppro
*Full Disclosure: I am an independent consultant that has worked with and for many of the companies mentioned.
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