Archive for Featured Articles

We introduce to you: Comarch! The latest sponsor of the E-invoicing Platform

We introduce to you: Comarch! The latest sponsor of the E-invoicing Platform

Comarch’s unique, transactional-based approach to engagement not only collects customer data from emerging channels such as social and mobile, but it also converts that data into purchases – providing comprehensive metrics throughout the process.
Comarch EDI e-Invoicing ensures compliance of the exchange of e-invoices in accordance with the law. Comarch is a member EESPA (European e-Invoicing Service Providers Association) and actively participates in the National Multilateral Forum for Electronic Invoicing.

Read More

Introducing FIT Solutions: creator of world’s new ‘e-Transformation’ concept

We are glad to welcome yet another participant from Turkey. It shows once again that Turkey is at the forefront of e-invoicing, e-ledger, e-signatures, e-archiving and e-ticketing.
According to data from Turkish Information Technologies Industrialists Association, the e-Invoice market in Turkey is approximately worth 300 million dollars and Turkey is expecting a rapid and significant growth of market through ‘e-Transformation’. FIT Solutions is taking an active role in this process with their added value services.

Read More
USA comes with ‘Comply or Explain’: the next step before mandatory use of their Invoice Processing Platform

USA comes with ‘Comply or Explain’: the next step before mandatory use of their Invoice Processing Platform

The US Office of Management and Budget is developing new guidance that would strongly encourage agencies to use only the Invoice Processing Platform (IPP) for electronic transactions.
The US Office of Management and Budget (OMB) is circulating a ‘Comply or Explain’ draft memo that wouldn't quite mandate the use of the IPP, but it would require agencies to justify why they wouldn't use the IPP. Federal CFOs currently are commenting on the draft guidance.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

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

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.

Read More