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Nestle Takes the Plunge in EIPP

by Kevin Benedict

March 1, 2011

It appears from this recent article that Nestle USA has taken the plunge into electronic invoice presentment and payments (EIPP).  I believe this is a good move by Nestle as many SMEs (small to medium sized enterprises) do not have the knowledge or budget to support traditional EDI systems and services for sharing electronic business data with Nestle.

Pete Knox, head of Nestle USA Credit and A/R Administration, explains that Nestle’s investment in EIPP will allow them to interact with a greater numbers of customers electronically, and this will streamline accounts receivable functions and accelerate cash.

The ability to support electronic invoicing is becoming a required best practice in many places in the world and a government mandate in many others. Over the last couple of years there have been many developments around e-invoicing in Latin America.  Here are some of the latest mandates for your reference:

• In Mexico there is a mandate to support e-invoicing.  The details can be foundhere.

• In Brazil there is a mandate to support e-invoicing.  The details can be found here.

• In Argentina there is a mandate to support e-invoicing.  The details can be foundhere.

************************************************
Kevin R Benedict Independent e-Invoicing/EDI Consultant, Analyst and Blogger
Join the SAP EDI and SAP Information Interchange group on Linkedin: 
www.linkedin.com/groups?about=&gid=28845... 

*Full Disclosure: I am an independent consultant that has worked with and for many of the companies mentioned.

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