{"id":3881,"date":"2022-07-19T06:12:32","date_gmt":"2022-07-19T06:12:32","guid":{"rendered":"https:\/\/chazey.codeandcode.xyz\/article\/e-invoicing-in-latin-america-using-bots\/"},"modified":"2023-11-11T06:05:18","modified_gmt":"2023-11-11T06:05:18","slug":"e-invoicing-in-latin-america-using-bots","status":"publish","type":"article","link":"https:\/\/chazey.codeandcode.xyz\/pt-br\/article\/e-invoicing-in-latin-america-using-bots\/","title":{"rendered":"E-Invoicing in Latin America Using Bots"},"content":{"rendered":"

By Chuy & Torston:<\/p>\n

\n
\"\"
\nChuy Michel<\/a>
\nVP Intelligent Automation<\/a><\/div>\n
\"\"
\nTorston Schulz<\/a>
\nIntelligent Automation Delivery Lead<\/a><\/div>\n<\/div>\n

 <\/p>\n

Being Tax Compliant\u00a0<\/strong><\/h4>\n
<\/div>\n

E-Invoicing legislation is widespread in Latin America to try and improve fiscal control and reduce tax evasion.\u00a0\u00a0A popular way business chooses to meet e-invoicing legislation is by using\u00a0Robotic Process Automation(RPA)<\/a>.<\/p>\n

RPA in Finance and Accounting is a great way to save you time and money.\u00a0\u00a0It is easy to get a return on your investment as RPA is based on standardised rule-based processes, just like Finance and Accounting departments.<\/p>\n

The benefits of using it include:<\/h4>\n
    \n
  • Standardize Paper Invoices<\/strong>\u00a0\u2013 Extract data from supplier paper invoices<\/li>\n
  • More\u00a0Compliant<\/strong>\u00a0\u2013 Issue e-invoices\u00a0with no mistakes 24\/7<\/li>\n
  • Release Staff<\/strong>\u00a0\u2013 People can focus on higher value-added tasks instead<\/li>\n
  • Reduce Costs<\/strong>\u00a0\u2013 Less mundane tasks to complete\u00a0increases\u00a0employee satisfaction<\/li>\n
  • Transparency<\/strong>\u00a0\u2013 Standardized processes help match invoice data more quickly<\/li>\n<\/ul>\n

    Using RPA in Finance and Accounting\u00a0<\/strong><\/h4>\n

    To kick off your automation a great place to start your Bot is in Accounts Receivable.\u00a0\u00a0Simply, a Bot can create an electronic invoice and email it out automatically, 24\/7, without any mistakes. So, rather than letting your accounts payable processes distract you, Bots can help you manage them more easily.<\/p>\n

    If a Bot is using their left hand to process Accounts Receivable, they can also use their right hand to process Accounts Payable.\u00a0\u00a0A Bot can spin a lot of plates at the same time.\u00a0\u00a0What is tricky is supplier invoices can be non-standardized.\u00a0\u00a0However, a Bot can use their \u201cbrain\u201d to standardize them.\u00a0\u00a0They do this using Optical Character Recognition (OCR) to process paper invoices or pass them across to team members who can approve them.<\/p>\n

    <\/div>\n

    Bring your Finance and Accounting System Up-to-Date<\/strong><\/h4>\n
    <\/div>\n

    Right, you have implemented RPA and now you meet the e-invoicing legislation requirements.\u00a0\u00a0Is there anything else you need to do?\u00a0\u00a0Simply put no.\u00a0\u00a0Nevertheless, if you wish to optimize your financial processes a bit more you can take some additional baby steps.\u00a0\u00a0A Bot or two, can be used to complete Payroll tasks such as time sheet validation.\u00a0\u00a0They can also be used to manage your taxes by submitting reports.\u00a0\u00a0By potentially taking these extra baby steps you can build a strong business case for adopting RPA.<\/p>\n

    Whether you have one Bot or an army they will make sure you are tax compliant and taxed correctly.\u00a0\u00a0So, what can go wrong?\u00a0\u00a0Nothing really!\u00a0\u00a0A live pilot can be carried out when implementing your RPA to facilitate any troubleshooting.\u00a0\u00a0Additionally you can adopt managed services so your Bots are constantly monitored and maintained.\u00a0\u00a0This will release your people to focus on their mission critical duties saving you time and money.<\/p>\n

    <\/div>\n

    Spinning Plates<\/strong><\/h4>\n
    <\/div>\n

    Latin America is one of if not the most advanced regions in the world for e-Invoicing.\u00a0\u00a0It is more an obligation where it is no longer possible to issue physical documents.\u00a0\u00a0Is your company optimized for e-invoicing?\u00a0\u00a0Do not make it difficult and spin too many plates, get an RPA Bot to do it instead and make it simple!<\/p>\n","protected":false},"featured_media":3882,"template":"","article-type":[75,77,73],"class_list":["post-3881","article","type-article","status-publish","has-post-thumbnail","hentry","article-type-business-transformation-pt-br","article-type-latest-pt-br","article-type-rpa-ia-pt-br"],"acf":[],"_links":{"self":[{"href":"https:\/\/chazey.codeandcode.xyz\/pt-br\/wp-json\/wp\/v2\/article\/3881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chazey.codeandcode.xyz\/pt-br\/wp-json\/wp\/v2\/article"}],"about":[{"href":"https:\/\/chazey.codeandcode.xyz\/pt-br\/wp-json\/wp\/v2\/types\/article"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/chazey.codeandcode.xyz\/pt-br\/wp-json\/wp\/v2\/media\/3882"}],"wp:attachment":[{"href":"https:\/\/chazey.codeandcode.xyz\/pt-br\/wp-json\/wp\/v2\/media?parent=3881"}],"wp:term":[{"taxonomy":"article-type","embeddable":true,"href":"https:\/\/chazey.codeandcode.xyz\/pt-br\/wp-json\/wp\/v2\/article-type?post=3881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}