Jason: Companies that receive an electronic invoice in Mexico after January 1, 2011, need to validate it before they pay it. If not, it could be considered fraudulent. They need to validate the timbre through the Mexico SAT or PAC to ensure it is accurate and digitally signed.
Kevin: Who needs to be compliant with these new requirements in Mexico?
Jason: Companies that have annual revenue over 4 million pesos and that issue invoices over 2,000 pesos.
Kevin: What are some of the biggest challenges that SAP users will face in supporting these requirements?
Jason: For SAP users the biggest challenge is to seamlessly integrate, in real time, their SAP ERP with Mexico's SAT or authorized PACs. It needs to be perfect. No data can be lost or go missing.
Kevin: How long does it take for SAT to approve the invoice once you send it to them?
Jason: It should work just like getting a credit card authorized. It should only take 30 to 60 seconds.
Kevin: What other advice do you have for companies implementing Mexico e-Invoicing?
Jason: The entire e-Invoicing process should be monitored from one location in one system. You can have multiple failure points where data can be lost. All data and transaction statuses should be found and identified in one location.
Multi-national companies do not want to deal with all of the possible country specific requirements and potential problems. That is the real value of working with a global e-Invoicing service provider.
Learning about Mexico e-Invoicing from an Expert, Part 3
