Electronic Billing Can Save Retail Stores Up to 80% in Mexico

Retail stores in Mexico such as Wal-Mart and Soriana issue hundreds of thousands of invoices monthly, leading to high operating costs. According to Lourdes Sanchez de la Vega, general director of Mexico's electronic commerce association Amece, implementing electronic billing could help these firms save up to 80% on costs. Traditional bills cost 120-150 pesos each, while electronic bills cost just 24-30 pesos. The use of electronic billing has been approved by the Secretariat of Finance and Public Credit (SHCP) and is available to all firms, including small and medium-sized enterprises.

Key Takeaways:

• Retail stores in Mexico, such as Wal-Mart and Soriana, issue 600,000-800,000 invoices monthly, resulting in high operating costs.
• Implementing electronic billing could save these firms up to 80% on costs, as stated by Lourdes Sanchez de la Vega, general director of Amece.
• Traditional bills cost 120-150 pesos each, while electronic bills cost only 24-30 pesos.
• Electronic billing has been approved by the Secretariat of Finance and Public Credit (SHCP) and is available to all firms, including small and medium-sized enterprises.
• Businesses can learn about the benefits of electronic billing and how to implement it by attending local seminars.
• Amece is offering support and guidance to help firms adopt electronic billing and reduce their operating costs.

Statistics:

• 600,000-800,000 invoices are issued monthly by retail stores in Mexico, such as Wal-Mart and Soriana.
• Up to 80% of costs could be saved by implementing electronic billing, according to Amece.
• Traditional bills cost 120-150 pesos each.
• Electronic bills cost 24-30 pesos each.
• The use of electronic billing has been approved by the Secretariat of Finance and Public Credit (SHCP).

Sources:

• El Economista
• Corporate Mexico by Internet Securities, Inc. via COMTEX
• Amece (Mexico's electronic commerce association)