Bartlomiej Wojtowicz, Comarch EDI: “Directive 2014/55/EU has various development stages within Europe”

November 2nd, 2016 by in Adoption, Electronic Invoicing, Europe, Government

Although the Directive 2014/55/EU mandates all EU public administrations e-invoicing as of 27 November 2018, the level of preparation across Europe differs significantly.

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“Businesses simply can’t afford the delays caused by manual invoicing” [Interview]

EuropeanCEO magazine interviewes Richard Hurwitz, CEO of business transaction experts Tungsten Network. Why? Because, according to a businessadvice.co.uk report, paying invoices on time doesn’t seem like too much to ask. But in Europe, more than 40 percent of invoices are processed late.

Richard Hurwitz explains in this interview how one client organisation has been able to speed […]

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Pagero gets awarded with Trustweaver’s Premium Partnership

November 2nd, 2016 by in Compliance, Cooperation, Electronic Invoicing

This status gives Pagero a number of special benefits to help them consolidate their position as one of the most robust global provider for compliant e-invoicing services.

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Break: only UBL and CII remain as mandatory EU B2G e-invoicing syntaxes!

At a recent plenary meeting in Barcelona, CEN/TC 434 unanimously agreed to endorse UBL and CII as the syntaxes complying with the forthcoming EN and to be listed in a specific CEN Technical Specification (TS).

Once the EN and TS are published by CEN and referenced in the Official Journal of the European Union (OJEU), contracting authorities and entities in the EU will have to receive and process electronic invoices which comply with the EN and any of the two syntaxes, in accordance with the provisions of Article 7 of Directive 2014/55/EU.

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8th edition of TrustWeaver study says disruptive trend in e-invoice compliance will send shockwaves through global supply chains

The report features a summary of the regulatory status in some 90 countries, as well as an in-depth analysis of the ways tax authorities around the world use e-invoices to increase collection rates.

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Corcentric acquires InfoAccess.net: 16,000 customers in >50 countries

It brings a greater breadth of e-invoicing capabilities to Corcentric’s AP Automation solution while also providing InfoAccess.net customers with a broad array of financial management solutions.

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ADS Solutions Partners with Basware to add Procure-to-Pay automation to its software

Through ADS Solutions’ partnership with Basware, Accolent ERP customers will gain access to the leading e-invoicing, invoice inquiry, and accounts payable (AP) automated workflow capabilities.

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World’s largest buyer to adopt mandatory e-invoicing

No, it’s not Walmart. And it’s not Exxon Mobile or Berkshire Hathaway either. The world’s largest buyer of goods and services, the U.S. Federal Government, has officially climbed aboard the e-invoicing bandwagon.

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>3 million e-invoices were processed in Kazakhstan in the first half of 2016

October 14th, 2016 by in Asia, Electronic Invoicing, Europe

The Kazakh State Revenue Committee stated that 116k e-invoices were issued in 2014, 800k in 2015, and more than 3 million e-invoices mid 2016. In 2017 more companies are compelled to start with e-invoicing.

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A short guide to invoice financing

October 10th, 2016 by in Supply Chain Finance

The article discusses that invoice financing enables small business owners to release cash tied up in outstanding customer invoices to balance cash flow and provide additional funding for growth.

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