Pay-to-pay: Canadians pay more than $500M in fees a year for paper bills, statements

Pay-to-pay: Canadians pay more than $500M in fees a year for paper bills, statements

August 28, 2014  |  Adoption, Featured Articles, North America, Payment, Research  |  Comments Off

PIAC estimated the total is "conservatively" between $495 million and $734 million, plus taxes. Some $102 million in fees are being paid by low-income Canadians and seniors who don't have Internet access at home or don't use computers!
PIAC was pleased when the federal government pledged to ban the practice of charging for paper bills, first in its throne speech last October and then again this February in releasing its budget.

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2.4 billion e-invoices sent in Mexico in the first half of 2014. Up 250%

August 26, 2014  |  Adoption, Electronic Invoicing, Featured Articles, Government, Latin America  |  Comments Off

In Mexico, taxpayers earning less than 500,000 pesos in 2012 had until March 31 of this year to migrate to electronic invoicing, while the rest of Mexico's taxpayers had until January 1 to do so.
As a result a staggering amount of 2.4 billion (2,400 million!!) electronic invoices were sent in Mexico in the first half year of 2014 alone. This very impressive compared to only 119 million e-invoices exchange during the entire 2011, according to the Mexican Tax Authority SAT.

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The second European Multi-Stakeholder E-invoicing Forum is a fact!

The second European Multi-Stakeholder E-invoicing Forum is a fact!

August 25, 2014  |  Adoption, Electronic Invoicing, Europe, Featured Articles  |  Comments Off

In 2010 the European Commission decide to set up the European Multi-Stakeholder Forum on Electronic Invoicing. The mandate for that forum was applicable until the end of 2013.
The Commission decided some two months ago there should be a second European e-invoicing forum building on the achievements of the first forum, previous activities, existing work and solutions.

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Ground breaking! New Spanish law FORBIDS forced B2C e-billing

Ground breaking! New Spanish law FORBIDS forced B2C e-billing

July 8, 2014  |  Adoption, Electronic Invoicing, Europe, Featured Articles, Legal  |  Comments Off

On 13 June 2014 new Spanish legislation came into force. Under the Act, the paper should be the default option for all consumers' bills. Switching to e-billing requires express consent. Any consumer freely revoke its consent and re-receive paper bills. And companies can't charge for paper bills. To activate this legislation a nation wide new initiative was launched, called 'Yo Decido Como Recibo': I decide how I receive. All in all, ground breaking.

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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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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

June 30, 2014  |  Adoption, Electronic Invoicing, Europe, Featured Articles  |  Comments Off

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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E-invoicing is dead. Long live e-invoicing! And the paper invoice?

Even though the starting points by Taulia+Ricoh and Readsoft+Billentis are completely different, they come to the same conclusion: as a standalone feature, e-invoicing creates less value. The true value of e-invoicing emerges when it is use as an enabler for other value added services: AP automatino, dynamic discounting, supply chain finance and so on.

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Mandatory e-invoicing is a real shock for Mexican SMEs

For the Mexcican SME taxpayers making electronic invoicing mandatory is somewhat of a radical cultural change en for some of them, a bit awkward, according to the Mexican Association Authorized Certification Providers (Amexipac).
The organization representing Authorized Certification Providers (PAC), said that for some of these taxpayers it is more comfortable to remain outside the technological evolution, even though it is inevitable in tax matters.

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New EU e-invoicing Directive just “scratching the surface”. And failing to deliver [column]

New EU e-invoicing Directive just “scratching the surface”. And failing to deliver [column]

May 23, 2014  |  E-procurement, Electronic Invoicing, Europe, Featured Articles, Government, Legal  |  Comments Off

In my opinion, the Directive fails to address key issues, without which it will be impossible to achieve real financial and environmental gains for Europe and the business community that serves it.
Whilst I would always welcome all efforts to encourage the use of e-invoicing, in my view this Directive just scratches the surface and leaves many unanswered questions. My fear is that it will actually serve to delay the full economic benefits of e-invoicing, which would make €2.3 billion look like small change.

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