Your SAP partner for Colombia

In Colombia, as in most Latin American countries, e-invoicing requires an active connection with the fiscal authorities. There is additionally a requirement to submit what are known as ‘magnetic media reports’.

Taxes are levied both at the national level (e.g. income tax, VAT) and at the local level (e.g. business tax). While the tax system is relatively straightforward in design, there are complex requirements in terms of e-invoicing and e-accounting or reporting. Companies must notify the fiscal authority (DIAN) of all transactions with customers, service providers or other third parties by means of ‘magnetic media reports’. The basis for submitting the complex report is correct accounting. Depending on the type of business, reporting is annual, monthly or annually with monthly intervals. The magnetic media report has 7 formats. In order to create it in SAP, the implementation of OSS Notes is required together with the appropriate system configuration to comply with the current specifications of DIAN.

Challenge 1

For the SAP rollout in Colombia, local human resources are required who have know-how of the legal requirements, extensive SAP knowledge and communication skills for working in international teams.

Challenge 2

Coordination with the headquarters and compliance with the templates have the highest priority. We can clarify what has to be changed and what does not.

Challenge 3

There are various different ways of meeting the local legal requirements for e-invoicing and tax reporting. We know the current solutions, from a fully-integrated SAP solution to the use of specialised providers.

Challenge 4

Our customers expect planning and budget security, and we deliver. Numerous successful SAP projects in Latin America and our consultants’ more than 25 years of SAP experience are the guarantee.

ortevo Colombia specialisation

As in all Latin American countries, special and sometimes highly complex legal regulations must be followed. The implementation of this requires specific know-how. Whether it is a rollout, a localisation or a S/4 migration, we provide the correct solution. Thanks to our developments and our cooperation with selected partners, our solutions cover both e-invoicing and tax reporting. For a SAP rollout to Colombia, ortevo offers everything from a single source.