Just as digitization has inspired many businesses and investment alternatives, it has also developed in recent years Development of digital documents and titles Dematerialized documents are slowly being regulated and accepted as evidence before local and international authorities.
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With Act 527 of 1999, it established guidelines for determining the legal and evidentiary validity of data messages, all created, sent, received, stored or transmitted by electronic means, A data message includes information ranging from the content of a word processor (Word or PDF) to information found in email or instant messaging applications (such as WhatsApp or Telegram) and videos..
An analysis by AsoBankaria shows that apart from titles and investment documents that were already digitized in the past and kept in centralized bond deposits, others have gained prominence in recent years, where transactions can be done in a short period of time. Colombia is one of the leaders in electronic invoices (invoicing and confirmation).
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Electronic sales invoices, acknowledgment of receipt of invoice, receipt of goods, express acceptances, tactical acceptances or claims have entered the orbit of the Directorate of National Taxation and Customs (DION).
Regarding conditions relating to the issuance of invoices, Dian has the power to regulate sales invoices and as a result, has implemented an electronic invoice registration system called Radian. Allows registration, consultation and monitoring of FEV (Sales Electronic Invoice) including a component relating to FEV TV (as security) issued on a periodic basis for business purposes..
For the latter, registration with Radian will be mandatory from July 13, 2022, says Asobankaria, so that they can circulate and sell them, for example, receive funds through negotiation, factoring operations or confirmation.
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Assobankaria's analysis shows that the provisions in the Code of Public Procedure expressly address the evidentiary validity of data messages as prima facie evidence in procedural matters.
The Union considers it appropriate to consider how technological advances such as artificial intelligence and blockchain can help improve. Security, discovery and reliability of electronic documents.
It says these innovations could strengthen trust in electronic securities, ease their circulation and reduce fraud risks.
Holman RodrÃguez Martinez
Summary
