Mexico SAT 2012 - Changes To E-Invoicing Legislation Affect Thousands of Companies

ATLANTA, Feb. 21, 2012 /PRNewswire/ -- Invoiceware International extends their electronic invoicing capability to support the newly announced regulations by Mexico's Servicio de Aministracion Tributaria (SAT). These new mandates are scheduled to take affect for all companies in July 2012 leaving only a few months for companies to configure their business processes and ERP systems. Many companies are still adapting to the major overhaul that was announced by the Mexico SAT in a press conference held on September 3, 2010.

The new compliance mandates being instituted for July 2012 in Mexico includes:

• Shipping Requirement: Requires that all deliveries within Mexico must have the Comprobante (and UUID, a 32-character code assigned by the SAT) as part of the documentation accompanying the truck for delivery. Otherwise the truck and its goods can be impounded with fines demanded before release. This is a significant change for customers that do not have their logistics and invoicing processes linked together today.
• Installment Payments: For installment payments, the emisor must send an invoice for each payment, plus an "informational" invoice to document the entire amount. All invoices should be signed and sealed, and the UUID of the informational invoice (along with the date and total amount) should be referenced on each payment message.

Visit OnDemand Mexico SAT 2012 Changes Webinar to understand the Mexico SAT legislation and 2012 changes.

"With literally thousands of companies affected, we are encouraging organizations to lock in solutions and service personnel by the end of March 2012 to ensure allotted time for alterations," adds Steve Sprague, VP Product Strategy & Marketing, Invoiceware International. "Additionally, many companies are using this change to re-evaluate their solution strategy and turning to managed service providers like Invoiceware International. Our solution is updated, tightly integrated with ERP systems including SAP® ERP, and we keep companies utilizing our managed service compliant at no additional cost no matter how the regulations may change in the future."

The new regulations are still a few months away, but companies should start planning now.

Visit http://www.invoicewareint.com to understand the Mexico SAT legislation and 2012 changes.

About Invoiceware International

Invoiceware International operates the Global Compliance Network, a cloud-based platform that delivers financial and supply chain managers the regulatory processes that they need while eliminating ERP configurations and customizations for the IT staff. A single connection to the network, simplifies the mandates, the implementation, and the ongoing change management associated with regulations in the Americas, Europe and Asia, including Brazil Nota Fiscal, Mexico SAT, Argentina AFIP and Europe's Excise Movement & Control System. Invoiceware International is headquartered in Miami, Florida with operations worldwide. For more information, please visit: http://www.invoicewareint.com

PR Contacts:
Steve Sprague
Product Strategy & Marketing
Steve(dot)sprague(at)invoicewareint(dot)com
(404) 441-4981

SOURCE Invoiceware International