E-business moves forward: advanced electronic signatures offer significant benefits.As Mexican legislators remove legal obstacles to e-business, companies in Mexico have been left with one basic requirement and multiple new business options. [ILLUSTRATION OMITTED] When January 2005 rolls around, the advanced electronic signature, or FEA (Finite Element Analysis) A mathematical technique for analyzing stress, which breaks down a physical structure into substructures called "finite elements." The finite elements and their interrelationships are converted into equation form and solved mathematically. for its initials in Spanish (firma electronica  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. avanzada), will be the only signature recognized by the Mexican government for tax purposes. Companies that have not yet applied for a FEA will need to do so. The application process is fairly simple. Ricardo Leon, attorney for Sanchez-DeVanny Eseverri, S.C., estimates that it takes about 15 minutes to obtain a FEA with the proper documents. "It's very efficient, if we don't wait until the last minute," he told participants at a recent AMCHAM Face to Face breakfast. In January, businesses will need to use their FEAs for tax filing. In the future, an electronic signature will be required for Social Security purposes, and discussions are ongoing as to whether companies will be able to use the same FEA for both. By recognizing only one FEA for both government agencies, Leon said, Mexico could avoid the complexity that resulted in Spain after multiple signatures were developed. ELECTRONIC INVOICING The Secretariat Secretariat, 1970–89, thoroughbred race horse. Trained by Lucien Laurin and ridden by Ron Turcotte, Secretariat won the Kentucky Derby, Preakness, and Belmont Stakes to capture the Triple Crown in 1973. Secretariat (foaled 1970) U.S. of the Economy recognizes the e-signature as an electronic expression of contractual consent, which means it is legally binding. And it is secure. The FEA, an acronym acronym: see abbreviation. A word typically made up of the first letters of two or more words; for example, BASIC stands for "Beginners All purpose Symbolic Instruction Code. that Leon joked corresponds to the Spanish word for ugly, uses 124-bit base technology. "To break it under current technology, it would take 15 years," Leon said. With that kind of reliability, the FEA could prove to be the catalyst for a surge in e-business practices in Mexico. Mario Berlanga, head of e-commerce for Banco Nacional Banco Nacional was a bank from Brazil. It was taken over by Unibanco in 1995. The Nacional brand is better known as main sponsor of Ayrton Senna during most of his racing career in Formula 1 (1985-1994). de Mexico, has predicted an increase in electronic billing Electronic billing is the electronic delivery and presentation of financial statements, bills, invoices, and related information sent by a company to its customers. Electronic billing is also referred to as the following:
Many large invoice An itemized statement or written account of goods sent to a purchaser or consignee by a vendor that indicates the quantity and price of each piece of merchandise shipped. A consular invoice is one used in foreign trade. consumers in the retail industry are expected to push their suppliers to provide electronic invoices, and perhaps not without reason. Companies can reap numerous benefits from electronic invoicing. Reduced mail expenses, less paper handling, lower storage and administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. and faster communication were among the advantages noted by presenters at the AMCHAM event on the legal and practical implications of e-invoicing. Another bonus of e-invoicing, said Rafael Manjarrez de la Vega de la Vega is a common surname in the Spanish language meaning "of the plain" and may refer to: People (arranged by date of birth)
ADJUSTMENTS NECESSARY E-invoicing does, however, require some additional work. Manjarrez de la Vega spoke of a cultural and organizational change for companies in Mexico that would require synchronization (1) See synchronous and synchronous transmission. (2) Ensuring that two sets of data are always the same. See data synchronization. (3) Keeping time-of-day clocks in two devices set to the same time. See NTP. and communication between systems. Leon suggested embracing it as a full company project. "What ends up costing a lot is when you start integrating it (electronic invoicing) into your system," said Carl Rianhard, president of Mexican IT firm OpenTec. How far have businesses come in regard to the FEAs? Rianhard said OpenTec has done nothing yet with electronic signatures and he considers his company a pretty good example of businesses in Mexico. The legislation and the technology for e-business are already in place, noted Manjarrez de la Vega. What happens now is in the hands of companies. For more information, contact: Ricardo Leon Santacruz Abogado (81) 8153-3907 rls@sanchezdevanny.com Rafael Manjarrez Director de Soporte (55) 9171-1888 rafael_manjarrez@stercomm.com Mario Berlanga Coordinador de Comercio Electronico (55)2262-7329 mberlangao@banamex.com Laura Schrupp is an intern intern /in·tern/ (in´tern) a medical graduate serving in a hospital preparatory to being licensed to practice medicine. in·tern or in·terne n. with BUSINESS MEXICO. |
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