Monday 17th August, 2015

Invoiceware and Lexmark have announced a strategic alliance to help multinational companies optimise Accounts Payable workflows and simplify financial compliance in Latin America.

Using Invoiceware and Lexmark combined suite of compliance and financial process automation solutions multinational companies will be able to reduce the risk of government audits and penalties, while improving operations in a complex regulatory environment.

With eight countries enforcing mandates, the alliance will help companies proactively manage compliance and optimise AP processes, including invoice collection, intelligent data capture, government validation, commercial approvals and associated fiscal reporting.

In combination with e-invoicing standardisation, countries across Latin America are implementing stringent tax reporting requirements, such as Brazil SPED and Mexico eContabilidad, to ensure that the government receives an accurate (and the maximum) amount of VAT tax revenue.

"We’re excited to focus on Latin America with Invoiceware International in order to help companies improve accounts payable processes while proactively managing compliance,” said Ailie Kofoid , Director of Global Back Office Solutions at Lexmark. “Together we will streamline accounts payable processes across the region, while improving VAT tax deduction accuracy and reducing compliance costs."

"We are happy to expand our relationship with Lexmark from a customer of Invoiceware to a partner where we will jointly help global companies manage compliance issues across Latin America," said Scott Lewin, president and CEO, Invoiceware International.