GAITHERSBURG, MD — December 6, 2012 — GXS, a leading provider of B2B integration services, today announced that it has expanded e-Invoicing compliance for its Active Invoices with Compliance (AIC) solution to two additional Latin American countries. The Software as a Service (SaaS) solution’s global tax compliance footprint now includes 41 countries across 5 continents.
Active Invoices with Compliance now includes support for Brazil and Mexico. Electronic invoicing within these countries is subject to strict rules and standards and requires integration with government systems.
“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.”
Using GXS Active Invoices with Compliance, GXS’s customers operating in multiple jurisdictions across the globe have a single solution to maintain tax compliance for electronic invoicing. e-Invoicing enables global businesses to fully automate the invoice capture process by routing data straight from the supplier into the buyer’s Accounts Payable (AP) system to eliminate data re-entry, a time-consuming and error-prone process. In addition, e-Invoicing programmes provide vendors with visibility into the status of approval processing or planned payment without the costly, manual verification processes. Proponents of e-Invoicing are also lowering their carbon footprint by eliminating paper from their invoice process, creating a powerful cumulative effect by removing millions of paper invoices from the financial supply chain.
GXS provides a range of e-Invoicing solutions to suit the varying needs of companies to reach 100% trading partner participation in their programmes and streamline on-going collaboration with both suppliers and customers. Using GXS, companies can now electronically exchange invoices with regulatory compliance in 41 countries.
GXS is a leading B2B integration services provider and operates the world’s largest integration cloud, GXS Trading Grid®. Our software and services help more than 400,000 businesses, including 22 of the top 25 supply chains, extend their partner networks, automate receiving processes, manage electronic payments, and improve supply chain visibility. GXS Managed Services, our unique approach to improving B2B integration operations, combines GXS Trading Grid® with our process orchestration services and global team to manage a company’s multi-enterprise processes. Based in Gaithersburg, Maryland, GXS has direct operations in 20 countries, employing more than 2,400 professionals. To learn more, see www.gxs.co.uk, read our blog at www.gxsblogs.com and follow us on Twitter at twitter.com/gxs .You can also access our public filings with the Securities and Exchange Commission at www.sec.gov/edgar.shtml.
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