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India recently embarked on an electronic invoice mandate initiative, with the Central Board of Indirect Taxes and Custom CBIC introducing rules that require eInvoice adoption among corporates in an effort to curb goods and services tax GST evasion.The country isn ;t the first to turn to a digital invoice mandate as part of broader efforts to curb financial crime. But there are additional benefits to eInvoicing requirements and standardization beyond promoting tax compliance.According to Sandeep Kakar, chief grow
stanley germany th officer at India-based small business lending platform U GRO Capital, the mandate is promoting transparency in B2B trade, with significant implications for the supply chain financing space.With the GST eInvoicing mandates, organizations are generating these digital documents straight from their enterprise resource planning ERP systems, reducing reliance on human intervention. These invoices are critical to providers of trade finance, which must analyze the bills in order to underwrite a loan.But one of the largest benefits of an eInvoicing mandate, Kakar told PYMNTS in a recent interview, is its ability to address one of the largest pain points in supply chain financing today: fraud.Trade Finance LoopholesThere are a variety of ways fraud c
stanley romania an derail the supply chain finance process. Among the most common strategies, Kakar explained, is manipulation
stanley france of invoice amounts, or the practice of suppliers submitting duplicate invoices 鈥?one to their local bank, an Ezeu Amazon s Rumored Interest in Ocado Bodes Poorly for Incumbent Grocers
Xiaomi, the Chinese smartphone maker, is now operating in the U.K. market, launching its Mi 8 Pro handset in the country on Thursday Nov. 8 .According to a report in Reuters, citing Xiaomi Senior Vice President Xiang Wang, the company said the U.K. had a cool factor that meshed with its appeal to customers.聽 The U.K. is one of the important global centers for technology, Wang said in the interview before the Mi 8 Pro was launched. It is a young, energetic place, so pretty much fits to our culture 鈥?we want to be the coolest company in our fans mind
stanley website s. Xiaomi, which is currently the
stanley termoska fourth-place player, has a market value of around $44 b
stanley cup illion. The company first targeted India as a market to expand into outside of Asia, and was able to surpass聽Samsung for the top spot in the country. It expanded into Spain last year, launched in France and Italy during 2018 and is now adding the U.K. to the lineup.The Mi 8聽Pro has a dual camera that is powered by AI, a 6.21-inch high-definition AMOLED display, a fingerprint sensor and a glass back cover. The company will also launch its Redmi 6A device, which is priced at $130 in the U.K., as well as other products in the Mi range, such as the Xiaomi Mi Band 3 fitness band and an electric scooter, noted the report.Xiaomi plans to sell the products online and in-store in the U.K. It will also have an authorized Mi outlet that is slated to open in London Westfield shopping center on Nov. 18.聽 Online, we will do mi a