SGS and cross border e-commerce technological company Sinerlog have entered into an agreement for the provision of a cross-border e-invoicing solution for e-commerce websites active in Brazil’s business to consumer (B2C) market.
Brazil accounts for more than 40% of all online sales in Latin America, according to industry figures. However, increasing levels of international trade have helped fuel the growth of counterfeit and pirated goods putting at risk health and safety of Brazilian consumers. In addition, goods are mis-declared resulting in subsequent tax leakage for the Government.
SGS’s expertise in cross-border trade facilitation coupled with Sinerlog’s technology will enable global e-commerce platforms to increase trust among supply chain stakeholders. It can also prevent fraudulent practices related to trade mis-invoicing and tax evasion through the authentication of vendors and the generation of validated and secured electronic cross border invoices. These can be dispatched in real-time to all stakeholders in the supply chain, including customs administration and other competent authorities.
Sinerlog developed a cross border e-commerce platform as a service (C2aaS), for international e-commerce websites selling to Brazilian consumers. It integrates all stakeholders in the supply chain in a seamless process fully compliant with Brazilian import regulations. Sinerlog’s aim is to develop a unique environment in which to facilitate compliant trade and enable an e-commerce platform to offer products to Brazilian consumers in a safe and competitive environment.
For further information, please contact:
International Public Relations Director
t: +41 22 739 92 26
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