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Belgium: E-invoicing can save companies billions

September 22, 2009  |  Adoption

Belgium230x200 Belgium: E invoicing can save companies billions

Belgium: Electronic invoicing can save companies billions
The Federation of Enterprises in Belgium (VBO) has calculated that companies in Belgium could save EUR 3.5 billion by sending electronic invoices.
The Federation is asking organisations and companies explicitly to endorse electronic invoicing and to make the process as simple as using paper counterparts.
Five years after the introduction of electronic billing in Belgium still only 1% of all invoices are actually sent electronically.
According to the Belgian Task Force E-invoicing, it is high time that electronic invoicing be upgraded and promoted because the procedure is simple and more importantly free.
The Secretary General of the Federation of Enterprises in Belgium, Philippe Lambrecht, said that the security demands are far too strict. “The VAT regulation makes it difficult to switch over from paper invoices to the electronic variant. The complicated technical rules to invoice electronically makes life complicated for companies.”
Electronic invoices would not only save billions for Belgian companies but it would have the added benefit of making work more efficient, and cutting down on fraud.
The European Commission estimates that about 30 billion invoices are printed in Europe every year. Electronic invoicing could reduce the ecological footprint of the European Union by 3 million tons of CO2 per year.
flandersnews.be/Expatica
The Federation of Enterprises in Belgium (VBO) has calculated that companies in Belgium could save EUR 3.5 billion by sending electronic invoices.
The Federation is asking organisations and companies explicitly to endorse electronic invoicing and to make the process as simple as using paper counterparts.Five years after the introduction of electronic billing in Belgium still only 1% of all invoices are actually sent electronically.
According to the Belgian Task Force E-invoicing, it is high time that electronic invoicing be upgraded and promoted because the procedure is simple and more importantly free.The Secretary General of the Federation of Enterprises in Belgium, Philippe Lambrecht, said that the security demands are far too strict.
“The VAT regulation makes it difficult to switch over from paper invoices to the electronic variant. The complicated technical rules to invoice electronically makes life complicated for companies.”Electronic invoices would not only save billions for Belgian companies but it would have the added benefit of making work more efficient, and cutting down on fraud.The European Commission estimates that about 30 billion invoices are printed in Europe every year. Electronic invoicing could reduce the ecological footprint of the European Union by 3 million tons of CO2 per year.
flandersnews.be/Expatica
The Federation of Enterprises in Belgium (VBO) has calculated that companies in Belgium could save EUR 3.5 billion by sending electronic invoices. The Federation is asking organisations and companies explicitly to endorse electronic invoicing and to make the process as simple as using paper counterparts. Five years after the introduction of electronic billing in Belgium still only 1% of all invoices are actually sent electronically.
According to the Belgian Task Force E-invoicing, it is high time that electronic invoicing be upgraded and promoted because the procedure is simple and more importantly free.
The Secretary General of the Federation of Enterprises in Belgium, Philippe Lambrecht, said that the security demands are far too strict. “The VAT regulation makes it difficult to switch over from paper invoices to the electronic variant. The complicated technical rules to invoice electronically makes life complicated for companies.”
Electronic invoices would not only save billions for Belgian companies but it would have the added benefit of making work more efficient, and cutting down on fraud.
The European Commission estimates that about 30 billion invoices are printed in Europe every year. Electronic invoicing could reduce the ecological footprint of the European Union by 3 million tons of CO2 per year.
Source: flandersnews.be/Expatica

1 Comment

  1. D. Dendauw
    September 22, 2009 at 16:26

    I totally agree. That’s why companies should outsource this problem, because it’s an extremely complex IT problem. Even common IT departments needs years to develop a proper application. The solution is to be found at an go-between party, who has the knowledge to certify your invoices and to e-archive them as it should be (= certified). This is also known as the Consolidator model. See: http://www.factuurwijzer.nl/index.php/id_structuur/6893/zes-functionele-modellen.html
    This software or platform automatically sends certified messages between different ERP systems (no need to change these systems!) and meanwhile translates or maps these messages or invoices to the necessary format: idoc, edi, txt, cvs, pdf, … An example can be found at https://www.doctrails.net

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