Archive for Europe

UK Local Governments embrace SME friendly e-invoicing

January 5, 2015  |  Adoption, Electronic Invoicing, Europe

In the European e-invoicing carrot/stick scenario, mandating is a huge stick. And a nice juicy carrot can do the trick just as well. Without mandating and thereby effectively forcing suppliers to use e-invoicing, high ‘voluntary’ onboarding rates can be achieved by three simple conditions.

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Accelya and HCorpo cooperate on tax compliant e-invoicing for ALTEN

December 30, 2014  |  Digitalisation, Electronic Invoicing, Europe

Under the impetus of its customer ALTEN, HCorpo (the corporate travel and hotel booking portal) has, together with Accelya, introduced electronic invoicing under EDI (Electronic Data Interchange) flow: a global project offering benefits at all levels!

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Spanish Hacienda wants real time information on commercial transactions

With the SII (Suministro Inmediato de Información) system, taxpayers must submit details of invoices issued and received to the Tax Agency no later than 4 days after each billing. This means that the “record books” will be managed through the Tax Agency website.

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Insight Investments buys billions approved-to-pay, investment grade receivables from Tungsten Network

Insight has agreed to purchase approved-to-pay, investment grade receivables originated through the Tungsten Network e-Invoicing platform. The funding to be provided is expected to total several billion pounds. Tungsten now has all the required funding at this stage for its invoice finance proposition, so that Tungsten no longer needs to pursue alternative financing options.

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Mandatory B2B e-invoicing in Portugal? The first in Europe? Allowed?

Now this is interesting. Edicom mentioned in this post that in April 2014, electronic invoicing finally became mandatory for all companies registered in Portugal and that as as from e-invoicing is mandatory for all companies as from 1 January 2015.
To me, this seems the first instance of mandatory B2B e-invoicing in Europe. Which is interesting. Probably even more interesting is the question whether this approach is allowed based on the European e-invoicing directive? I thought that the current directive didn’t provide enough room for Member States to create such compulsory B2B legislation.

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Only 7% of of 24% Slovenian e-invoices were in structured format

December 8, 2014  |  Adoption, Electronic Invoicing, Europe

E-invoicing is most widely used in large companies (24%) followed by medium-sized companies (8%) and small companies (6%). Some 35% of large companies issued invoices in electronic form that are not suitable for automatic processing. On the other hand, 77% of companies issued only printed invoices to other companies or public institutions last year. E-invoices were received by 16% of companies.

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Consultation: Should UK companies provide payment, e-invoicing details?

December 8, 2014  |  Adoption, Europe, Government, Legal, Payment

Now this is an interesting news release on the website of Supply Management. It states that the UK Goverment is asking for views on our proposals to make companies report on their payment performance to help create responsible payment practices. The idea behind the consultation is to know if the UK Goverment should ask companies to report on a series of measurements that will tell them about several payment performance indicators.

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Switzerland starts with mandatory B2G e-invoicing as from 1 January 2016

Switzerland is the latest European country to announce the roll-out of e-invoicing. As of January 1, 2016, Suppliers to the Federal Administration holding contracts with a value equal to or greater than 5000 CHF will be obliged to use this new system.

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What Europeans need to know about their Latin American operations

European e-invoicing is not the same as Latin American electronic invoicing, so how you evaluate solutions needs to change or your company will end up with forced operational shut downs, or worse, million Euro financial penalties. In this web session, learn the top 5 differences between Europe and Latin American countries: specifically Brazil, Mexico, Chile and Argentina.

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Ariba LIVE 2015: The Future of Commerce

November 17, 2014  |  Digitalisation, Europe, Events, North America

Ariba LIVE 2015, the premier business commerce event series designed to help companies unleash the power of business networks to seize the future and shape it to their advantage. Hosted by Ariba, an SAP Company, the series kicks off April 7 at The Venetian Las Vegas and will be followed by an event in Munich in June.

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