Archive for Europe

EU B2G E-invoicing received 9 million Euro in 2014 from the CEF Facility

November 17, 2014  |  Europe, Interoperability

European Business to government e-invoicing received 9 million Euro in funding from the Connecting Europe Facility. Even more grants are expected in 2015 or 2016 if the uptake of the envisaged technical platform for B2G e-invoicing is considered too low to ensure continuous usage and financial sustainability.

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2014: A stellar and eventful year for electronic invoicing?

November 14, 2014  |  Electronic Invoicing, Europe

In the field of electronic invoicing Charles Bryant is one of the thoughtful leaders. After his well read post on the arguments of implementing Latin American e-invoicing in Europe, he wrote a blog that catalogues in brief a number of significant developments and patterns as to why 2014 has been a stellar and eventful year for electronic invoicing in Europe.

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Basware inks e-invoicing deal with Belgian technology federation Agoria

Basware has secured a new e-invoicing agreement with Belgian technology federation Agoria. To starting in January 2015 with broadcasting all invoices electronically. After that, the entire purchase invoice processing will be automated. The aim is to simplify administration and reduce costs, while improving member satisfaction.

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EU designates UBL2.1 as referable standard. But what does that mean?

November 12, 2014  |  Europe, Purchase-to-pay, Standards

The European Commission issued a decision on the identification of Universal Business Language version 2.1 for referencing in public procurement as Ken Holman mentioned in this LinkedIN discussion. Article 1 of the EC Decision states: "Universal Business Language version 2.1 developed by the Organization for the Advancement of Structured Information Standards is eligible for referencing in public procurement.". But what are the implications of this decision? We have the answers!

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Intermediairy results on mandatory B2G e-invoicing in Italy

As of June 6, 2014, B2G e-invoicing became mandatory for some public sectors in Italy, such as the Ministries, the Tax Agency and the state security forces. The deadline for full mandatory B2G e-invoicing in Italy is set for June 2015. The Polytechnic University of Milan Observatory did some intermediary research on the past three months on how things are going and they’ve come with these findings:

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Another OneTime EDI client for Wesupply

November 6, 2014  |  Digitalisation, Electronic Invoicing, Europe

Tembé DIY and Building Products moves to Wesupply for fully managed EDI for a truly outsourced, fully managed cloud EDI service that removes the requirement for considerable in-house monitoring.
As Wesupply’s solution OneTime is delivered as a fully managed service, Tembé will benefit from a dedicated team who will look after the customer on-boarding and day-to-day running of EDI activities on the company’s behalf.

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Taulia delivers Rapid Revenue and Funding Growth in Q3 2014

Taulia delivers Rapid Revenue and Funding Growth in Q3 2014

November 6, 2014  |  Electronic Invoicing, Europe, North America

Taulia is a major provider for supplier financing and announced a 185% increase in year-over-year revenue during the third quarter of 2014.It also raised $13 million in a Series D funding. And it announced with the Royal Bank of Scotland to offer dynamic discounting and e-invoicing. And there is more!

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Turkey reports massive -environmental- savings due to e-invoicing

According to Finance Minister Mehmet ?im?ek, the Turkish electronic invoicing system has already saved 650 million Turkish Liras ($293 million) of extra costs and prevented 100,000 trees from being cut. The electronic invoicing system, which has been implemented in Turkey since 2010.

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Survey: 20000 corporate treasurers want a global bank e-billing format

According to Euromoney’s 2014 cash management survey, over 60% of a record 28,000 treasury professionals from non-financial corporates and financial institutions want to see the universal use of a common electronic bank billing standard, with Asia Pacific based treasurers the highest by region among them at 68%. By comparison, 50% of Europe based treasury professionals want it.??

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Study confirms: EU lost EUR 177 billion in VAT Gap. E-invoicing could save the day

Study confirms: EU lost EUR 177 billion in VAT Gap. E-invoicing could save the day

An estimated €177 billion in VAT revenues was lost due to non-compliance or non-collection in 2012, according to the latest VAT Gap study published by the European Commission. This equals to a massive 16% of total expected VAT revenue of 26 Member States! The EU believes that tackling the VAT Gap requies a multi-facetted approach, and that e-invoicing should somehow be one of these measures.
However if, e-invoicing in Europe remains as liberalised as it is today, the VAT gap will surely not decrease. Perhaps the EU could take a look at the Latin American approach, and its stunning results….

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