Archive for Electronic Invoicing

France mandates B2G e-invoicing as from 2017, saving €710 a year

France mandates B2G e-invoicing as from 2017, saving €710 a year

On the basis of 95 million invoices processed annually, the French government expects to save EUR 710 million a year, including EUR 121 million in financial savings and the remainder in man hours, or the equivalent of 11,925 full-time jobs. Businesses are estimated to save EUR 335 million, EUR 83 million of which in financial gains and the remainder in reduced personnel costs. Theoretically of course.

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Corcentric to Host AP Automation Webinar for Retail

This Webinar discusses these and other topics faced by retailers and how AP automation solves them. This industry-specific Webinar is recommended for AP professionals in the retail and affiliated industries who are either considering automating their workflow and processes or are in the process of doing so.

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Ocean Freight Industry launches its own e-invoicing standards guidelines

The new guidelines from the Ocean Freight Industry EIPP Standards Advisory Board (SAB) focus on key handling processes and required data elements for invoice and credit note presentment, in order to help the ocean freight industry enhance e-invoicing efficiency and automation in global shipping. The newly released guidelines deal with: invoice processing, credit note processing and EDI messaging guidelines

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Costa Rican mandatory e-invoicing project restarts from scratch after failing pilot

After five years of trial and error tomandate the use of electronic invoicing in Costa Rica, the e-invoicing project will start again from scratch. The pilot project implemented by the Directorate General of Taxation in 2013 will cease to be effective as of now, as will the software and systems that were purchased for its deployment last year. It is expected that the new infrastructure will be ready by the end of 2014. Read the lessons learned.

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Are you ready for mandatory e-invoicing in Spain? Check it out here!

Electronic invoicing will be mandatory with the Spanish Public Administrationas of January 15, 2015, and there is still a lot of uncertainty around the new Law 25/2013 on promotion of electronic invoicing among Public Administration suppliers and service providers.
To provide an easy and simple answer to all these questions, EDICOM has set up a the website Facturae.com that brings together all the knowledge of the leading expert in developing electronic invoicing systems for use with the Administration.

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Compliant e-invoicing in UAE: country number 46 for Tungsten

July 1, 2014  |  Asia, Compliance, Electronic Invoicing

Having completed a thorough review of Emirati commercial law, Tungsten Network now allows customers to send and receive electronic invoices that qualify as a legal invoice in the UAE.
So why are the United Arab Emirates so important to Tungsten, you might ask. Well, that is because the UAE is one of the Middle East’s largest economies, one of the world’s most important business hubs and appointed by Tungsten clients as a key market.

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Palette expands to North America with Aztec Systems and Microsoft Dynamics integration

Aztec Systems will incorporate PaletteArena into its existing product suite, offering its 4400+ customer base the complete purchase-to-payment solution. Aztec is already deploying PaletteArena at a 30 site golf club management organisation, with further deployments anticipated in the near future. Aztec will also integrate the PaletteArena with Microsoft Dynamics GP & NAV.

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Anachron’s Invoiceportal selected by Lithuanian VSA for full purchase to pay

VSA was looking for an electronic invoicing solution that could easily be extended with order to cash services, such as credit management features. Anachron was the only provider that was able to effectively service the entire order to cash cycle. Connecting VSA with Anachron’s InvoicePortal means the next international user for the already successful InvoicePortal.

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Can paper billing still be more cost effective than e-invoicing? Yes it can!

Can paper billing still be more cost effective than e-invoicing? Yes it can!

A Danish Energy provider decided to test with a population of new customers whether switching to paper invoices would improve the speed of payment. It also wanted to know whether digital invoices were cheaper than physical mail in regard to overall operational costs.
Shockingly it found out that sending invoices via e-mail actually increased their overall costs: it cost the company $3.25 per customer to get paid by paper invoice and $5.75 per customer billed by e-mail.

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EESPA members processed 840 million 'non PDF' EU e-invoices in 2013

EESPA members processed 840 million ‘non PDF’ EU e-invoices in 2013

EESPA commissioned its first annual survey among its members as part of a continuing commitment to supporting the rapid market growth of e-invoicing and to play its part in monitoring take-up. The survey was carried out through a trusted third party on the basis of actual transaction volumes, collected on a confidential basis from individual EESPA members for the calendar years 2012 and 2013. In 2013 the total volume of non PDF e-invoices rose to over 840 million in 2014.

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