ATLANTA--(BUSINESS WIRE)--Crossgate Inc., the global expert in business-to-business integration (B2B), is providing SAP customers in Mexico with a turnkey e-Invoicing solution to help them comply with challenging new government regulations.
On January 1, 2011, Mexico began requiring companies to integrate with the Servicio de Administración Tributaria (SAT) for real-time approval of electronic invoices. When these new mandates were announced last September, Crossgate immediately stepped in to help businesses prepare by offering a robust e-Invoicing solution that is fully integrated with the SAT as well as SAP applications.
Mexico’s new 2011 mandates require:
- Regulatory compliance checks with government-certified organizations for both senders and receivers of invoices
- Outgoing invoices must be prepared in a specific XML format and authorized in advance
- Invoices in excess of 2,000 pesos are required to be approved digitally
- Incoming invoices must be externally validated, then archived and stored
- Folio numbers have been eliminated and replaced by the Timbre Fiscal, which includes the signed “Sello del SAT,” along with a 32-character UUID code that is assigned by the SAT and remains globally unique throughout all invoices created in Mexico.
Crossgate’s on-demand service enables real-time interactions with the SAT (or its authorized designees) and meets the technical specifications and standards required for CFDI-compliant e-Invoicing in Mexico. “Crossgate has already been offering an e-Invoicing solution in Mexico for a number of years, so we are ahead of the curve in helping companies comply with each new wave of government mandates,” said Scott Lewin, President, Crossgate Inc. “Traditional invoicing processes will not be equipped to support the real-time interactions these new SAT mandates demand. Our solution provides integrated monitoring, validation, and we manage everything as a service, with a local office staffed by people who speak Spanish,” said Lewin. We know the processes, and we can help companies avoid potential non-compliance fines and implementation delays.”
Regulatory compliance efforts can be time-consuming and difficult, but Crossgate’s B2B 360 Services and e-Invoicing Network make compliance easy for companies in more than 38 countries including Mexico, Brazil, Argentina, Chile, and the European Union.
About Crossgate, Inc.
Crossgate offers the world's first Business-Ready Network, guaranteeing 100% integration of business partners, customers and suppliers. A single connection to the Network means electronic data exchange with any business partner regardless of their technical capability. Crossgate recently extended its partnership with SAP AG, who resells SAP Information Interchange by Crossgate, a standardized B2B content engine enabling all SAP customers to exchange B2B and EDI data with any partner, in any data format, anywhere in the world.
With its legally compliant e-Invoicing Services, Crossgate also provides an innovative and 100% secure solution to cover the entire process of incoming and outgoing invoices, including signatures, global compliance monitoring, and secure automated long-term archiving in over 38 countries including Brazil, Mexico, Argentina, and the European Union. More than 40,000 business partners, representing over 10 industries, currently exchange documents and data via the Business-Ready Network.
Crossgate has corporate headquarters in Munich, Germany, with global operations in Atlanta, London, Milan, Paris, and AsiaPac. For more information, visit http://www.crossgate.com
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