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.Read More
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.
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.
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.
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.
E-invoicing and e-billing may have their benefits. However issuing paper bill penalties to force your customers into electronic invoicing and online billing is just a big fail. And if you persist you could potentially end up losing your mobile phone license. Even more serious: millions of households face financial problems because of scattered online bill platforms. And it becomes more and more clearly that companies do not use paper bill penalties just to make you switch to e-invoicing (B2B) of e-billing (B2C). In fact, the there are companies that keep charging for bills or monthly statements and bills without you being able to stop receiving them. Why? Because they earn extra money. A new cash cow is born! Hampering e-invoicing adoption.Read More
There probably is no such thing as coincidence. First, the European Commission published a report estimating €193 billion in VAT revenues (1.5% of GDP) were lost due to non-compliance or non-collection in 2011. Second, A.T. Kearney in association with Visa and Dr. Friedrich Schneider published there yearly report called "The Shadow Economy in Europe", which looks at the “legal business activities that are performed outside the reach of government authorities.”
Together both reports state that electronic invoicing could help governments to contain tax evasion and the shadow economy. Is that so?. let's take a thorough look at that.
Twelve years ago, 2001 marked the all-time peak in first-class mail volume. At the time, U.S. mail volume was greater than ever, but there was concern that the online revolution might reverse that trend quite soon. But Susan Brennan, te U.S. Postal spokeswoman at the time, however didn’t buy it. She gave a quote to Wired magazine back in 2001: “The Postal Service is, and always has been, one of the most high-tech companies in the world,” However, Wired Magazine wasn’t convinced. In the article Wired asked: "But what about e-mail? If people write fewer letters, won't that hurt the bottom line even more?" and Brennan said: "E-mail is not a threat." After this testament of denial, E-mail and online billing lead US Postal to an existential crisis.Read More
EDI (Electronic Data Interchange) is a document standard that is typically used in supply chain for exchanging purchase orders, order confirmations and invoices. Another field is logistics, for example third party logistics providers (3PL) and transportation.
Despite of this wide usage, quite often during last decade it has been predicted that EDI will die. To be more specific - EDIFACT will die and XML based EDI standard will take its place. What are the trends and expected changes in the EDI-world? Is EDI a fenix in disquise? Itella Information shares their experience and predictions.
More and more companies are forcing their customers towards online bills. Because your suppliers themselves can save so much by discarding paper invoices. And if you still wish to receive one, you now suddenly have to pay for it. Big time! As if you are the cause that a paper bill suddenly has become a pain in the proverbial bottoms and you have to pay for the inconvenience of having them send a paper bill to you. If this strikes you as a bit strange, you have to hold on to your seat. Because it doesn't stop at your suppliers forcing you to check in at dozens of different online portals and forcing you to pay a penalty for paper bills. You now even have to pay a penalty for online payment methods. OMG!Read More