UNICEF and Hungary establish new UNICEF Global Services Centre in Budapest

February 12, 2015  |  Digitalisation, Europe, Featured Articles, Government, Invoice Automation  |  Comments Off on UNICEF and Hungary establish new UNICEF Global Services Centre in Budapest

The new centre will deliver UNICEF’s financial and human resources operations worldwide to all UNICEF offices, including payments and invoice processing, payroll, some human resources functions, and the IT helpdesk.

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Introducing Pagero: The global e-invoicing and e-ordering business network

February 5, 2015  |  Electronic Invoicing, Featured Articles, Invoice Automation  |  Comments Off on Introducing Pagero: The global e-invoicing and e-ordering business network

We are delighted to again welcome an e-invoicing service provider with a global reach. This time we give the floor to Pagero. Pagero offers e-order and e-invoice services that help businesses to streamline operations throughout the entire order-to-pay process.
Their services are delivered in the cloud via their Pagero Online network, independent of ERP system, industry and transaction volume and business type. Over 12 000 customers in 40 countries benefit from their services. Through their roaming agreements, they reach over 500 000 companies and organisations worldwide.

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We give the floor to our supply chain finance sponsor: ApexPeak

January 7, 2015  |  Asia, Electronic Invoicing, Featured Articles, Supply Chain Finance  |  Comments Off on We give the floor to our supply chain finance sponsor: ApexPeak

ApexPeak is a new capital provider aimed to provide services to small and medium size enterprises directly and those transacting on electronic invoicing networks. Founded in 2012, the firm provides in excess of US$1.3 billion trade finance to businesses located in 160 countries worldwide
By offering a simple, fast, flexible and affordable service, ApexPeak removes the lengthy, manual and restrictive processes required by banks. As a result, their customers no longer need to worry about cash flow problems and can instead focus on growing their businesses.

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

December 2, 2014  |  Compliance, Electronic Invoicing, Europe, Featured Articles, Government  |  Comments Off on 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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USA strengthens SupplierPay initiative: improving SME working capital

November 25, 2014  |  Adoption, Featured Articles, North America, Payment, Supply Chain Finance  |  Comments Off on USA strengthens SupplierPay initiative: improving SME working capital

The White House and the Small Business Administration announced to expand SupplierPay. Another 21 companies are joining the 26 companies that had already adopted the SupplierPay. Participants of the SupplierPay initiative, promise to pay their small suppliers faster or enable a financing solution that helps them access working capital at a lower cost.

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Indonesia introduces VAT steered e-invoicing system. Mandatory in July 2016

Indonesia introduces VAT steered e-invoicing system. Mandatory in July 2016

November 10, 2014  |  Asia, Compliance, Electronic Invoicing, Featured Articles, Government  |  Comments Off on Indonesia introduces VAT steered e-invoicing system. Mandatory in July 2016

Taxand Indonesia mentioned in a post that Indonesia has introduced a new VAT biased electronic invoicing system. This new system will be implemented in 3 stages. For the first phase, the Directorate General of Taxes (DGT) has identified 45 companies which will be required to issue electronic VAT invoices. These are mostly foreign investment companies, state-owned enterprises and publicly-listed companies.

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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

October 27, 2014  |  Electronic Invoicing, Europe, Featured Articles  |  Comments Off on 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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Exchange Summit: Addressing the e-invoicing toxic mix?

October 14, 2014  |  Electronic Invoicing, Europe, Featured Articles, Latin America  |  Comments Off on Exchange Summit: Addressing the e-invoicing toxic mix?

Unfortunately we were not able to visit this years Exchange Summit in Barcelona. However Ellen Leith of APN Today was present and she wrote an interesting background article, called: "Avoiding the e-invoicing toxic mix". In it she points out some interesting points. I added some additional remarks.
The discussion shows that the diffusion of e-invoicing is a matter of time and that different continents have different approaches. It seems that the LATAM approach is proving the most succesful for now, whereas the EU still has to find its bearing. However, regardless of legislation and (lack of) standards, businesses have to and can rely on e-invoicing service providers from years on end to help them achieve their goals.

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Introducing Taulia: turning every e-invoice into a revenue opportunity

October 13, 2014  |  Electronic Invoicing, Featured Articles, Invoice Automation, Supply Chain Finance  |  Comments Off on Introducing Taulia: turning every e-invoice into a revenue opportunity

We are delighted to introduce Taulia to the E-invoicing Platform audience. Taulia provides cloud-based invoice, payment and dynamic discounting management solutions. Taulia revolutionizes the way businesses interact and partner with each other, by turning every invoice into a revenue opportunity. And this enables organisations to strengthen supplier relationships while adding millions to the bottom line. Taulia’s proposition is acknowledged by the fact that the Royal Bank of Scotland (RBS) has partnered with Taulia to be one of the first banks to offer its corporate clients dynamic discounting with e-Invoicing.

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