After the passing the Law of Business Creation and Growth, better known as “Create and Grow” (“Crea y Crece”), the use of the Electronic Invoice has become mandatory for commercial relations between companies and freelancers. This measures intends to create a better traceability and control among transactions with the objective of tackling non-payments and reducing payment periods.
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The imminent entry into force of the Crea y Crece Law has been very well received in the national business sector. Among its new features, the most applauded are the ease of forming Limited Liability Companies and the new measures for the fight against late payment.
2020 was a year of changes and adaptation par excellence with the Covid-19 pandemic accelerating many processes. Digitization was one of the pending tasks for companies, which was forced to urgently be attended to.
The Council of Ministers has approved a bill that will affect all companies and freelancers in the country. It is the Law of Creation and Growth, which will come into force in the next months, and whose main objective is to boost production investment, innovation and modernization of companies.
Business digitalization is the order of the day. Due to the pandemic, many companies are convinced of the importance of having digital tools that facilitate both communication and business management processes.
All too often we think of the United States as being ahead of Europe, especially in economic or technical matters. In this post, we want to talk about an aspect in which the positions are exactly the opposite. This is because the United States has started a pilot project to implement the use of electronic invoicing in its B2B relations. And to do this, they have been inspired by PEPPOL, the standard developed in Europe.
After the pandemic, the concept of digitization in the business world has taken on great relevance, with document digitization being one of the areas in which this practice is most advanced.
