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Invoice factoring requirements
Invoice factoring requirements










invoice factoring requirements

New data fields have been added to the CPEs to indicate the expiration date and the amount for the pending bill. The “Junta Nacional de Impuestos Aduanas y Aranceles del Perú (SUNAT) has updated the regulation that describes the electronic invoicing process with the following: When a company is looking for alternative financing that does not involve banks, one of the most common methods is to receive financing through factoring.Ĭompanies can turn their pending invoices into cash without waiting for payment for a fee.įactoring operations are a great tool for SMEs because it gives them immediate liquidity without the need for a loan application at a bank.įactorin enables SMEs to issue electronic invoices and use them as a security to be paid once they have been accepted and the payment term has concluded. This is why the Peruvian government has implemented this measure to promote the growth of SMEs with the objective of increasing formal employment in the country. It is clear that the limited access to credit creates major obstacles for small and medium companies attempting to expand their operations. This cuts into margins and impacts business continuity. In the case that loans are authorized the interest rates can be unaffordable. Small companies find it much more difficult to receive these loans since their business volume does not meet bank’s expectations to issue a loan. Large companies have greater access to bank loans because of their large revenues. The shortage of these short term loans makes companies run out of liquidity which can have a major impact on performance and economic growth. One of the most significant challenges faced by SMEs is access to short term financing to give continuity to their business processes. This gives greater liquidity for day to day operations, which creates a positive impact which enables companies to have enough money to cover their operational costs. One way to improve the cash flow of companies is by converting invoices and purchase orders into a security. This is important for the economy because it facilitates the financing of SME’s, startups and companies of any size. The new law increases the number of companies that can issue securities and gives greater trust and security to issued purchase orders. The system approved by the Peruvian tax authority (SUNAT) enables linking the invoice with the factoring invoice enabling you to receive the cash you need to keep your business operating.

invoice factoring requirements

It is enough for the invoice to be used as a security. Assumed acceptance: Acceptance is assumed after 8 business days have passed since the document has been issued, as long as there is no explicit acceptance or explicit rejection.It is necessary for the use of tax credits/ tax deductions. Explicit acceptance: acceptance of the electronic invoice or reception of fees issued expressly through the platform that the SUNAT makes available for this purpose and in the established time table.Acceptance mechanism in the negotiable invoice Our platform communicates with the SUNAT platform directly receiving statuses from both the SUNAT and your clients without the need for you to access the SUNAT’s platform.ĮDICOM’s Global E-invoicing Platform enables the issue, signature, and Validation with the SUNAT of CPE’s or electronic invoices automating and integrating all communications with your ERP.Ĭlients can also accept or reject invoices through the Clave Sol (free portal). It is important to highlight that EDICOM offers an electronic invoicing solution adapted to the SUNAT’s requirements enabling you to automate the entire process. This response is mandatory for recipients of electronic invoices and if you would like to claim tax credits. The electronic recipient must accept (conformidad) or reject (disconformidad) partner’s electronic invoices 8 business days after reception. The goal of this measure is to enable the financing of SMEs and speed up the cash flow of small and medium enterprises. The SUNAT has approved Resolution 165-2020 to substitute the emergency decree passed in December 2021. One of these was the “Decreto de Urgencia N° 013-2020” published in January where the laws for the negotiation of electronic invoices through factoring are established. The Peruvian executive branch issued various decrees in response to the COVID-19 Crisis with the objective of helping companies experiencing difficulties.












Invoice factoring requirements