Archive for Featured Articles
Without question, the EDI market is awash with jargon and often unnecessary complexities that confuse and concern business managers. For this reason, they pride themselves on making the transition to electronic trading as simple as possible. They achieve this by providing their clients with access to our robust, flexible and proven solutions delivered via SAAS (software as a service) technology.Read More
We are proud that Wesupply has joined the E-invoicing Platform. Founded in 1999, Wesupply is a B2B service provider that enables global supply chains to exchange data efficiently and effectively. Wesupply provides a fully managed, outsourced B2B integration service, using a unique approach that maximises supply chain collaboration between independent organisations.Read More
On the Tungsten Blog, Charles Bryant posted an interesting article about the way e-invoicing is excuted in Mexico. As the title suggests, Charles Bryant carefully explores whether Europe should follow this approach.
All in all it is intriguing to ask whether the current path of EU liberalised e-invoicing (without B2B mandates) should perhaps be flipped for a path where mandated e-invoicing and fiscal efficiency go hand in hand.
PIAC estimated the total is "conservatively" between $495 million and $734 million, plus taxes. Some $102 million in fees are being paid by low-income Canadians and seniors who don't have Internet access at home or don't use computers!
PIAC was pleased when the federal government pledged to ban the practice of charging for paper bills, first in its throne speech last October and then again this February in releasing its budget.
In Mexico, taxpayers earning less than 500,000 pesos in 2012 had until March 31 of this year to migrate to electronic invoicing, while the rest of Mexico's taxpayers had until January 1 to do so.
As a result a staggering amount of 2.4 billion (2,400 million!!) electronic invoices were sent in Mexico in the first half year of 2014 alone. This very impressive compared to only 119 million e-invoices exchange during the entire 2011, according to the Mexican Tax Authority SAT.
In 2010 the European Commission decide to set up the European Multi-Stakeholder Forum on Electronic Invoicing. The mandate for that forum was applicable until the end of 2013.
The Commission decided some two months ago there should be a second European e-invoicing forum building on the achievements of the first forum, previous activities, existing work and solutions.
On 13 June 2014 new Spanish legislation came into force. Under the Act, the paper should be the default option for all consumers' bills. Switching to e-billing requires express consent. Any consumer freely revoke its consent and re-receive paper bills. And companies can't charge for paper bills. To activate this legislation a nation wide new initiative was launched, called 'Yo Decido Como Recibo': I decide how I receive. All in all, ground breaking.Read More
After five years of trial and error tomandate the use of electronic invoicing in Costa Rica, the e-invoicing project will start again from scratch. The pilot project implemented by the Directorate General of Taxation in 2013 will cease to be effective as of now, as will the software and systems that were purchased for its deployment last year. It is expected that the new infrastructure will be ready by the end of 2014. Read the lessons learned.Read More
A Danish Energy provider decided to test with a population of new customers whether switching to paper invoices would improve the speed of payment. It also wanted to know whether digital invoices were cheaper than physical mail in regard to overall operational costs.
Shockingly it found out that sending invoices via e-mail actually increased their overall costs: it cost the company $3.25 per customer to get paid by paper invoice and $5.75 per customer billed by e-mail.
EESPA commissioned its first annual survey among its members as part of a continuing commitment to supporting the rapid market growth of e-invoicing and to play its part in monitoring take-up. The survey was carried out through a trusted third party on the basis of actual transaction volumes, collected on a confidential basis from individual EESPA members for the calendar years 2012 and 2013. In 2013 the total volume of non PDF e-invoices rose to over 840 million in 2014.Read More