Home / Tradeshift Documentation / Tradeshift Basics / Introduction / Security and Compliance

    Tradeshift E-Invoicing Compliance Partners

    30981 0 Created on 2019-10-03 11:45:41; Last updated on 2022-06-28 18:00:37

    In order to more thoroughly approach compliance regulations and requirements in some countries, Tradeshift engages the services of expert consulting partners. 

    Receipt of electronic invoicing in certain countries requires additional fees to address local third party services required by that jurisdiction.

    

    'Clearance' means - In countries that have chosen the ‘clearance model’, the tax administration requires each invoice to be reported and authorized electronically by them before or during the trading parties exchange process.

    'Inbound (AP) Clearance' refers to the process at the invoice receiver’s end for the validation of the e-invoice received with respect to integrity, authenticity, certificate trust and clearance.

    'Outbound (AR) Clearance' refers to the process at the invoice issuer's end to communicate the invoice, in whole or as a subset or a reference to the invoice, to a tax administration-designated hosted service and to receive a predefined approval or confirmation message from that service as a precondition for the issuing, cancellation or correction of an invoice.

    'Invoice Archiving' means - An on demand service for the long-term compliant storage of critical electronic data under the laws of the supported countries.

    'Qualified Electronic Signature' means - An electronic signature that is compliant to EU Regulation No 910/2014 (eIDAS Regulation) for electronic transactions within the internal European market. It enables parties to verify the integrity and authenticity of signed electronic data exchange over long periods of time.

    'Digital Signature' means - A digital signature guarantees the authenticity of an electronic document or message in digital communication and uses encryption techniques to provide proof of integrity of the signed data.


    Summary Table


    Third Party Provider Service Countries
    Sovos Trustweaver Qualified Electronic Signature France (Optional add on service in some other countries)
    Sovos Trustweaver Digital-signature India  (Optional add on service in some other countries)
    Sovos Trustweaver Outbound (AR) Clearance India
    Sovos Trustweaver Inbound (AP) Clearance Italy, Mexico, Chile, Peru
    Sovos Trustweaver Invoice archiving Italy
    Inposia Inbound (AP) Clearance Turkey
    GoSocket Inbound (AP) Clearance Costa Rica, Chile
    Edicom Inbound (AP) Clearance Colombia, Costa Rica
    Baiwang Outbound (AR) Clearance China
    Baiwang Inbound (AP) Clearance China

    

    More information

    

    Sovos Trustweaver

    As a subcontractor to Tradeshift, Sovos Trustweaver assists with:

    • Inbound (AP) clearance in the following countries: Italy, Mexico, Chile, Peru.
    • An archiving solution in Italy.
    • Digital Signatures in India and Qualified Electronic Signatures in France

    Website: https://www.trustweaver.com

    Optional Digital Signature Service: Tradeshift’s partner Sovos Trustweaver offers an e-invoicing compliance service in certain countries that is available to Tradeshift customers as an add-on option. This method is based on qualified digital signatures, and is the default option for countries where digital signatures are required by law. Sovos Trustweaver electronic signature service is enabled on Tradeshift through an app that must be activated by the buyer. When this app is activated, all invoices sent from the supplier are routed to Sovos Trustweaver, who apply a digital signature to the document before it is sent to the recipient. Once received, the document is once again routed to Sovos Trustweaver, who verify the digital signature to confirm its integrity. As part of this service, Sovos Trustweaver also guarantees compliance with all regulations in terms of digital signatures and qualified timestamps for all covered countries.

    

    Inposia

    Website: https://www.inposia.com/uk/index.php

    As a subcontractor to Tradeshift, Inposia assists with Inbound (AP) Clearance in Turkey. Inposia. are a local authorised e-fatura Service Provider as per the TRA (Turkish Revenue Agency) requirements.

    

    GoSocket

    Website: https://www.gosocket.net/en/home-2/

    As a subcontractor to Tradeshift, GoSocket assists with Inbound (AP) Clearance in Costa Rica and Chile.

    

    Edicom

    Website: https://www.edicomgroup.com/en_ES/home.html

    As a subcontractor to Tradeshift, Edicom assists with Inbound (AP) Clearance in Costa Rica and Colombia.

    

    Baiwang

    

    Website: https://www.baiwang.com/

    As a subcontractor to Tradeshift, Baiwang assists with Outbound (AR) and Inbound (AP) Clearance in China.

    

    0 people found this helpful.

    Related Articles