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e-Invoicing in Brazil

What is e-Invoicing in Brazil?

Electronic invoicing in Brazil follows the format of the “Nota Fiscal Eletrônica” (NF-e), it is obligatory for nearly all enterprises in Brazil, and is managed by the Tax Authority (Fazenda) in collaboration with the relevant state level offices.

There are three different forms of e-Invoices in Brazil;

NF-e: Nota Fiscal Eletrônica, in use of billing products. This is the most common and used form. It’s characterized by the complexity: In Transport Situation the Goods can’t leave until the approval codes are implemented in the process and given to the driver.
NFS-e: Nota Fiscal de Servicios Electrónica, when billing for services. They are divided into the city level in Brazil.
CT-e: Conocimiento de Transporte Electrónico, in use of billing for specific freight services (e-Waybill).

What are the benefits of the E-Invoice ?

Strengthen traceability, transparency and comprehensibility
3 principles: authenticity, integrity and availability
Improves security
Accelerate and increase efficiency of administrative processes
Integration of mission, logistic, accounting, financial and administrative processes
Deletion of risk of loss of documents
Simplify transactions and improve document management and collection management
Digital signature is an element that guarantees the integrity, authenticity and non-repudiation of the electronic invoice
Savings in printing, dispatch and storage costs

Foriba Brazil e-Invoicing Product Features

  • Integrated with Tax Authority

  • No Effects on SAP Standards and Upgrades

  • Easy to Integrate with SAP Standard Modules

  • Same Platform for Financial and Regulative Data

  • Fully Customized Reports and Notifications

  • Easy Error handling

  • Fast Adaptation to Regulation Changes

  • Bug Fixes and New Features

  • Less Implementation Cost for Feature

  • No need any additional User and Platform to manage the Process

  • Detailed Documentation for Self-Implementation

  • Tailor-Made Interface Adaptation with User Exits

  • End to End Integration Project

How to get started

Contact Foriba for a detailed live demo on our SAP environment. Our experts could provide both remote and on-site demonstrations.

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