Malaysia introduced a new goods and services (GST) tax to be introduced in April 2015. The new tax will be levied at 6 per cent. The GST, unveiled in Malaysia's 2014 Budget, will replace the country's current sales and services tax of up to 16 per cent. Essential food items such as flour and rice, as well as bus and train fares, will be exempted. Oscar Ferreira raised the question in our LinkedIN group: “With the upcoming developments on GST does anybody experienced e-invoicing for a Malaysian buyer organization? Any contribution is appreciated.”Read More
The Russian "National certification Authority" ZAO, is now connected to the PEPPOL eProcurement network. By connecting to the Russian National Certification Authority, organizations will have the unique opportunity to drive the adoption of standardized process automation and connectivity between Europe and Russia. This is expected to increase business opportunities and greater competition in both Russia and in the PEPPOL-countries.Read More
The Hong Kong Monetary Authority (HKMA) has worked closely with 23 banks to develop the first ever one-stop electronic bill presentment and payment platform that allows citizens from Hong Kong to receive, pay and schedule bill payments online.
Hong Kong government departments such as the Water Supplies Department and Rating and Valuation Department revealed plans to adopt the EBPP services by end of 2014 to better meet the needs of their customers.
The Vietnamese is considering to roll-out nationwide e-invoicing within 3 to 5 years. Just like other countries, the Vietnamese government is considering a system that requires companies to register their (e)invoicing data in their own system as well in the Vietnamese tax system. After registering, companies can use a barcode in their brick-and -mortar logistics as a printed evidence that an invoice has been registered.
The tax office expects to expand e-invoicing to 50 per cent of all enterprises after 3-5 years, and to all of the country's enterprises in the following 3-5 years.
From January 2014, new Turkish regulations will require certain companies to adopt e-Invoicing. To help organisations remain compliant, OB10 and Digital Planet (a major Turkish e-Invoicing solution provider) announced a partnership to bring compliant electronic invoicing and process automation to Turkey.
In addition to adhering to regulatory requirements, the alliance offers organisations the benefits of streamlined processes, improved payment performance and the ability to capture early payment discounts.
The textiles manufacturer decided to deploy eFLOW INVOICE on eFLOW5, the latest version of TIS' flagship platform, in order to leverage its sophisticated eFLOW Accounts Payable Workflow on top of eFLOW INVOICE. Together the two modules comprise the best end-to-end solution with industry-leading recognition and approval workflows, as well as eFLOW5's improved GUI and other enhanced functionalities.Read More
Don’t know? Well they right answer is: SADAD. What? SADAD, the national Electronic Bill Presentment and Payment (EBPP) service provider for the Kingdom of Saudi Arabia. Well actually, they themselves claim to be the world's second largest e-bill payment system.
First launched in 2004 by the Saudi Monetary Agency (SAMA), the Kingdom’s central bank now facilitates and streamline bill payment transactions through 37 public websites, 14 national banks and over 29 million users.
GXS, a leading provider of B2B integration services, today announced that 100 percent of the Top Supply Chain Organizations in Asia Pacific connect through GXS Trading Grid, GXS’s cloud-based integration platform.
Gartner’s Top Supply Chain Organizations in Asia Pacific identifies the top 10 companies headquartered in Asia/Pacific, based on a combination of financial metrics (revenue growth, return on assets [ROA] and inventory), and the opinion of peers and Gartner supply chain analysts.
As time goes by we can see that e-invoicing is evolving. After the Basware+MasterCard deal, the Tradeshift+CapitalAid deal, the Tungsten+OB10 deal, we now see the Visa+@UK deal. It displays a trend where e-invoicing now longer sits on itself, but becomes an integral part of larger business processes. Good news for e-invoicing adoption and innovation.Read More
KAUST required a scalable solution that can keep pace with its ambitions to expand rapidly. Having heard about the success of electronic invoicing at Imperial College in the UK, and visited the Finance and Procurement teams in London, OB10 was a leading contender. Kaust identified OB10 as the provider that would reduce the number of paper invoices processed, deliver early efficiencies and enable prompt payment to suppliers.Read More