Descartes acquires Compudata, a Swiss B2B supply chain integration and e-invoicing provider for USD 17.9mln

December 23, 2013  |  Electronic Invoicing, Europe, Featured Articles, Merger, Acquisition, Funding  |  Comments Off

After InterCommIT, Infodis and KSD it is now time for Compudata to be acquired by Descartes. Compudata is one of the bigger providers of B2B supply chain integration and e-invoicing solutions in Switzerland.
The all cash purchase price for the acquisition was CHF 16.0 million (approximately USD $17.9 million at December 20, 2013). Descartes funded the purchase price for this acquisition by drawing on its existing acquisition line of credit.

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Introducing: the Ocean Freight Industry E-invoicing Standards Advisory Board

December 13, 2013  |  Cooperation, Electronic Invoicing, Featured Articles  |  Comments Off

Established in 2010, the EIPP Standards Advisory Board (SAB) is a self-funded and governed organization, comprised of executives from many of the leading ocean carriers and freight forwarders. The SAB gathers regularly throughout the year to discuss, develop and decide on collaborative e-Invoicing message and process standards for the ocean freight industry. At its latest meeting the SAB focused on some interesting upcoming interoperability best practices.

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Portugal mandates use of certified electronic invoicing software

December 5, 2013  |  Compliance, Electronic Invoicing, Europe, Featured Articles, Government, Legal  |  Comments Off

On November 22, 2013, the Portugese Ministry of Finance published Ordinance Nº 340/2013. The ordinance includes modifications to the certification process for electronic billing software and solutions.
As of now all e-invoicing software must be audited and certified by the Portugese Tax Authority: the Direcção Geral de Contribuições e Impostos (the DGCI). That said, all proprietary software will no longer be considered valid without proper certification. Even if it follows the XML file construction criteria with inclusion of the mandatory fields proposed by the tax authorities!

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The status on Spanish E-Invoicing – A Step Closer to Paperless Administration

December 2, 2013  |  Electronic Invoicing, Europe, Featured Articles, Government  |  Comments Off

The Spanish Ministro de Hacienda y Administraciones Públicas (Ministry of Finance and Public Administration) issued a nice communication on the status of e-invoicing in Spain. The communication provides us with a general introduction to Spanish e-invocing, their position on e-invoicing formats, the current Spanish e-invoicing legislation, the General e-Invoice Entry Point (FACe) and the way Spain is to mandate B2G electronic invoicing.

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RICOH Facilitates Global Invoice Automation for

November 25, 2013  |  Cooperation, Featured Articles, Invoice Automation  |  Comments Off has grown rapidly since its founding in 1996 and continues to do so. The purpose of is to allow their customers the most efficient and cost-effective way to search through the site and then let them book as easily as possible.
To facilitate this strong growth and at the same time relieve the pressure on the Accounts Payable team, has partnered with Ricoh for the global automation of the entire process of invoice processing.

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The EU E-invoicing Forum reports are final. And these are the 32! recommendations

Some two years ago, the European Multi Stakeholder Forum on Electronic Invoicing was set up by the European Commission. The goals of the forum were to exchange experiences and best practices, to monitor the uptake of e-invoicing in all Member States, and to identify measures to facilitate the mass adoption of e-invoicing at both national, cross border and EU level. During the forum’s last meeting the findings and reports from its working groups were made final and published. To make things easy on you, we’ve collected the 32 recommendations and listed them underneath.

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OpenText buys GXS for USD 1.165 billion! These are the financial and business details

After buying Cordys last August, OpenText now unveiled the acquisition of GXS for a mere USD 1.165 billion. OpenText wanted to buy GXS as it envisions that we are going to enter an era of Enterprise Information Management. The GXS acquisition strengthens the Information Exchange Pillar of OpenText with the addition of market leading cloud-based B2B integration services.
After closing the deal, OpenText and GXS together expect to serve more than 55.000 trading partners and 80.000 customers and support approximately 16 billion annual transactions in the cloud. For those interested we have some neat details on this deal.

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How E-invoicing Saves 160 Tons of Paper and 700 Million Dollar in the Aviation Industry

The IATA Financial SIS (Simplified Interline Services) platform is an electronic invoicing solution facilitating the air transport industry's billing and settlement activities by optimizing and reducing the cost of back-office processes, unifying invoicing standards and eliminating the need for paper documentation.
IATA reports that approximately 160 tonnes of invoices and supporting documents circulate among airlines each year to support the aviation industry's interline billing and settlement processes. SIS aims to eliminate unnecessary paperwork, mail charges and courier fees as well as mitigate the risks related to lost documents and internal paper handling thus offering annual cost savings of up to $700 million for the industry.

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Finally, the first ebilling consumer protection regulation is a fact!

Finally, the first ebilling consumer protection regulation is a fact!

Until recently, there was some divergence in Ireland between service providers who provide consumers with paper bills and those who have migrated their customers onto electronic bills (e-bills or online bills). This led to different levels of consumer protection.
However, new conditions were introduced by ComReg on 6 June 2013 (ComReg Document 13/52). All providers offering pre-paid and/or post-paid services will need to familiarise themselves with the new requirements and ensure they can comply by the end of the transitional period. The conditions came into effect at the beginning of August 2013.

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25 Electronic Invoicing Providers sign Charter to ensure Free Interoperability, Roaming [updated]

October 3, 2013  |  Compliance, Electronic Invoicing, Europe, Featured Articles, Interoperability  |  Comments Off

25 companies specialized in the electronic invoicing operations gathered around GS1 France have officially signed the E-invoicing Interoperability Charter. This charter aims to reaffirm the free exchange of electronic invoices, especially when the electronic bill passes through two different operators.
The development of the E-invoicing Interoperability Charter began almost a year, as part of a working group composed of users GS1 France. It is the result of the will of GS1 member companies, publishers and operators of electronic invoicing solutions, to support the fast adoption of e-invoicing while adhering to legal electronic invoicing requirements.

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