Archive for Featured Articles
Universal Business Language (UBL) has been available for over ten years now, and is becoming a predominant NEXTGEN format for electronic invoicing. In Europe and many other countries, the aim is that e-invoices will increasingly be distributed in UBL (sometimes in combination with PDF).
More and more governments, providers of accounting software and e-invoicing service providers support UBL. And now UBL 2.1 has officially been adopted as an international ISO / IEC standard. A major step towards UBL e-invoicing!
ESV has adopted the regulations for e-procurement in Swedish central government agencies. The mayor change is a requirement that by November 2018 all government agencies shall be able to use the PEPPOL network for their ordering and invoicing processes. The regulation issued by ESV explicitely states that central government agencies shall have the capability to use the PEPPOL network and be registered as recipients for different PEPPOL BIS messages in a Service Metadata Publisher (SMP). This is an important step to increase adoption of PEPPOL in Sweden and it will facilitate on-boarding of suppliers to government.Read More
In the ‘open RFI’ project, over 30 providers of supply chain finance (SCF) services will participate with the goal to directly compare the services available to corporations who seek to put in place an supply chain finance programme for their smallest suppliers.Read More
To address cash flow issues for businesses, particularly small businesses, the US Administration already took steps to facilitate accelerated payments to small businesses and small business subcontractors.
In the opinion of the ‘Executive Office of the President’ electronic invoicing can further these goals while also reducing administrative burden and costs to taxpayers. And therefore it is decided that in 2018 there will be all-electronic invoicing.
The program's objective is to establish an e-invoice information system between the three pilot administrations and once in place participation will be extended to other member countries of the Inter-American Center of Tax Administrations (CIAT).Read More
986 million electronic invoices were processed and delivered to invoice receivers in 2014 by EESPA members. This represented a significant growth of 17 per cent over 2013 volumes of 840 million.
In summary: the 2014 figures reveal a rather less buoyant growth in B2B and B2G transactions processed than in the previous year. The B2C sector on the other hand showed very substantial growth and a growth of over 50% is very striking.
A warm welcome to the E-invoicing Platform for Kewill. We hope that this sponsorship will aid Kewill to live up to its goal of delivering solutions that accelerate global trade and logistics.
And we are thankful that they allow us to carry out our ambition: to promote the best practices and adoption in electronic invoicing and invoice automation and distribute them to end-users.
The EC wants a full functioning Digital Single Market. And that requires more interoperability between Member States and different sectors. This is why the EC is promoting the roll-out of essential digital services: eID, eDelivery, eSignature, eInvoicing and Automated Translation.Read More
In essence, those who decide to stop using paper will benefit from simplified administration and accounting requirements, with the exemption, for example, from the need to submit the spesometro (yearly list) and “blacklist” declaration. There will also be improvements in issues regarding VAT returns, which the Administration must implement within less than three months.Read More
With Fundtech D+H will now service eight of the top 10, and 32 of the world's top 50 banks, along with about 190 of the top 300 U.S. banks. Fundtech holds some 1,500 employees and 19 offices globally.Read More