The EDICOM team in Mexico has inaugurated the new group headquarters, located in the tallest skyscraper in the country: the Reforma Tower. From now on, these offices located in Paseo de la Reforma nº 483 will house the branch, with more than 61 employees serving this market.
The move to the Reforma Tower means an improvement in service to the end customer, as well as EDICOM’s consolidation in Mexico. Thirteen years have passed since the Spanish company opened the subsidiary in this country and growth has been sustained ever since. So, the new offices are ready to incorporate our new employees.
Mexico’s highest tower
EDICOM’s new headquarters has become a landmark building for Mexico. The Reforma Tower is 244 metres high, with 57 floors and a total area of 83,509 square metres. To date, it is the tallest skyscraper in the city.
In addition to setting up at this venue, EDICOM also participated as a promoter in the construction of this innovating sustainable building, providing 20% of the funding. A good example of the company’s firm footing in the country and the growth forecast for the years to come.
EDICOM provides service from floors 25, 26 and 27 of the Reforma Tower. Most of the skyscraper is occupied by other offices, although there is also a space set aside for restaurants and shopping malls.
The new EDICOM Mexico contact details are as follows:
Avenida Paseo de la Reforma, nº 483. Pisos 25-27
Colonia Cuauhtémoc (Mexico City)
Daniel Espinosa, EDICOM’s country director for the USA, explains the role EDICOM plays in one of the most important technological markets in the world.
It’s been six years since EDICOM made the jump to the United States. In 2009, the company opened its new headquarters in New York with the objective to continue to provide a global service to major European customers whose information centers were centralized in North America. Since then, growth has been continuous and today EDICOM is one of the main providers of global services for electronic data interchange (EDI) and electronic invoicing in the United States.
“We have made a very interesting space in the market. Even though we arrived in this country to serve companies that operate in Europe, the value we provide has contributed to creating a multitude of new clients originally from the United States,” explains Espinosa. Among these customers are some of the most productive with a good percentage belonging to the Fortune 500, a prestigious list produced annually by Forbes that picks 500 of the largest U.S companies according to their volume of sales.
An international, multi-standard and multi-sector electronic invoice
EDICOM’s rapid expansion in the United States is explained by its high degree of training and specialization for the development of global e-invoicing solutions. Currently, most Latin American countries and some European countries have established the mandatory use of this invoicing modality. This proposes a challenge for multinational companies in the U.S. that must comply with this mandate in each one of the states and in accordance with the different requirements established in each location.
At EDICOM, we help U.S. companies comply with all these international obligations through a single provider with 24-hour support in English,” comments Espinosa. This occurs through an international electronic invoicing platform that is able to integrate with the customer’s business management system and constantly adapts to the new requirements set by the laws of any country in the world. In this way, the multinational company can issue automatic invoices in the scheme established for each case regardless of the region they are being sent to as well as the standard or sector to which they belong.
The U.S. market has great potential in a technological world applied to business. A good example of this is some of the events that take place there in which EDICOM has also participated in like GS1 Connect, NRF Big Show or some of IATA’s training days. “We are very attentive to changes in the sector; we’re dynamic and not afraid to confront new challenges. The United States is the focus of our new initiatives,” says Espinosa.
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EDICOM’s New York City branch has moved its offices to 1 Whitehall Street, which is located in the financial district. EDICOM New York will continue to grow and strengthen its presence here since the financial district is one of the most suitable areas for business expansion.
Whitehall Street extends to the southern end of Broadway and to the southern end of Franklin D. Roosevelt (FDR) Drive. It’s next to the ferry terminal that operates between Manhattan and Staten Island. Also, it’s located within walking distance of Wall Street, whose landmark buildings include the New York Stock Exchange and Federal Hall.
EDICOM has been providing different data integration services to businesses in the B2B and B2G sectors since it was established in the United States. Some of these businesses have made the prestigious Fortune 100 list.
The office in North America performs the important task of providing electronic data interchange and electronic invoicing to U.S. companies that do business in Latin America as well as more than 60 countries worldwide.
EDICOM is a world leader in the development of multi-faceted e-invoicing solutions designed to meet the technical and legal requirements of any country. This knowledge is especially important in Latin America where electronic invoicing is mandatory. For this reason, companies in North America find EDICOM to be the perfect partner to help them align their business management systems with the fiscal obligations of countries such as Brazil, Chile, Argentina, Mexico, Peru and etc.
If you want to visit EDICOM, Corp at our new offices, you’re invited. You can find us at One Whitehall Street 14th floor, New York, N.Y 10004. Click here to find us on Google Maps.
International Association OpenPEPPOL has certified EDICOM as Access Point provider. This non-profit organization has been working since 2012 to ensure cross-Europe interoperability The aim is to streamline communications and e-procurement processes for businesses and Public Administrations.
The accreditation as an Access Point allows EDICOM to link up with the PEPPOL e-procurement platform. Through it, private companies and governments in countries all over Europe can exchange all kinds of e-documents: invoices, purchase orders, orders, price catalogues, etc. These business processes are carried out in a standardized and interoperable manner.
Use of the PEPPOL platform also favours implementation of e-procurement in the public sphere, improving competition, removing barriers and opening up the door to SMEs, micro businesses or cross-border companies. In fact, last year these advantages prompted the European Parliament to approve the switchover to mandatory e-procurement in the Public Sector as of 2018.
For now, several countries have already implemented the PEPPOL standards in their e-administration projects. In Norway, for example, where e-invoicing has been compulsory since 2012, the communications infrastructure and document format were developed by this organization. More recently, the United Kingdom’s National Health Service also included use of the PEPPOL platform in its overall procurement strategy.
Commitment to interoperability
EDICOM’s accreditation as Access Point for the PEPPOL platform is yet another example of our commitment to worldwide interoperability. Certifications like this and the signing of interconnection agreements encourage us to expand the EDICOMNet communications network more and more. This way, users can link up easily with businesses and administrations from anywhere in the world.
As we reported previously, in this post, 2015 for Mexico is a year of new tax developments in the electronic sphere. The Omnibus Tax Ruling (RMF) announces the creation of a new figure: the Digital Document Reception Service Provider or DDRSP. This will make it easier for taxpayers to deliver the different documents they have to declare to the Tax Administration Service (SAT). The first to be covered by the scheme will be the Suppliers’ VAT Statement (DPIVA). Later, annual tax returns and interim payments are next in line for inclusion in e-invoicing.
As specified in section 220.127.116.11 of the Omnibus Tax Resolution (RMF), authorized reception service providers will take care of validating the documents from taxpayers and assigning the folio number that identifies the file content. They must also incorporate the digital seal of the SAT and comply with the technical specifications corresponding to each type of invoice document. Then, they send the taxpayer an e-acknowledgment of the information provided, or else a rejection notice if any mistakes have been detected.
Who can be a DDRSP?
The regulation states that Authorized Certification Providers (PAC) and legal entities that meet the set requirements may be granted approval by the SAT. Nevertheless, the application procedure to become a DDRSP is different. PACs only need to notify the AGSC’s Central Administration for Quality Management, indicating that they also want to operate as service providers. The remaining entities, however, must make an application under the provisions of information sheet 176/CFF.
What are the requirements for a DDRSP?
DDRSPs must be up-to-date on fulfillment of their tax obligations, hold a subscribed and paid-up company capital of at least ten million pesos and audit their financial statements for tax purposes. Another requirement consists of ensuring the protection of personal data regarding the information contained in the digital documents they receive and keeping them for at least three months. Likewise, they must provide taxpayers with an electronic acknowledgment, as well as a tool that can check the details of the same.
Service providers may also be reprimanded if they commit any of the infractions set forth in section 18.104.22.168 of the RMF.
How do I know who the DDRSP are?
Currently due for imminent release, the SAT website will publish the name, corporate name and RFC password of the digital document service providers whose applications have been accepted or rejected. The authorization granted by the SAT shall remain in force for this tax year and the next.