VAT Gap: Nearly EUR 160 billion lost in uncollected revenues in the EU in 2014

September 6th, 2016 by in Compliance, Europe, Featured Articles

A staggering €159.5 billion in Value Added Tax (VAT) revenues were lost across the EU in 2014 according to figures released by the European Commission today.

Compared to 2013, the 2014 VAT GAP has decreased by €2.5 billion but individual performances of Member States still vary enormously when it comes to VAT compliance. Some 18 Member States showed an improvement in their figures, while eight Member States failed to collect more VAT revenues than the year before.

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Infographic: A beginners guide on electronic invoicing in Europe

September 6th, 2016 by in Electronic Invoicing, Europe, Publications

In the coming years e-invoicing will become a key part of Europe’s, even the global digital economy. Big businesses and governments all over the world are already using it, and smaller businesses are not far behind. Zervant made an infographic about it.

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Pagero establishes Benelux operations in Amsterdam

September 6th, 2016 by in Electronic Invoicing, Europe

Pagero sets up Benelux offices in Amsterdam to meet the increased market demand in the region and as yet another step in our ongoing internationalization process. With a local presence Pagero is able to offer their local customers improved support.

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FATCA, CDOT and LATAM cross-border requirements: Building blocks toward comprehensive common reporting standard

September 6th, 2016 by in Adoption, Compliance, Latin America, North America

The global focus on curbing tax fraud is shifting into high gear, as reporting deadlines under the OECD’s new Common Reporting Standard draw nearer. Three separate requirements, in particular, are paving the way for a more comprehensive global initiative set to take effect next year: FATCA, CDOT and FEI.

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Webinar: 5 reasons why e-invoicing is a winning strategy

September 5th, 2016 by in Electronic Invoicing, Events

The reasons not to move to e-invoicing continue to be eroded by business, technical, social, political, and environmental factors. You can overcome overcome the makeshift paradigm of PDFs by joining Corcentric for their webinar ‘5 Reasons E-invoicing is a Winning Strategy’.

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INFOGRAPHIC: A day in the life of an AP specialist – before and after AP automation

September 5th, 2016 by in Invoice Automation, Publications

As you all probably know, we really really love infographics. In fact, we love them so much that we post them even if they’re not from our sponsors or independent content contributors. This time we found a this nice little infographic from HelpSystems.

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30 years of EDI development by Data Interchange

September 5th, 2016 by in Uncategorized

Ewan Friend, Managing Director of Data Interchange: “EDI technology has changed dramatically over the last 30 years and will continue to do so. Over the next few years, we expect to see developments that will recognise the link between e-invoicing and PEPPOL (Pan European Public Procurement Online).”

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EDICOM takes part in German e-invoicing event FeRD

September 5th, 2016 by in Electronic Invoicing, Europe, Events

September 8 is the date set for the 3rd edition of FeRD in Berlin, Germany’s biggest e-billing forum. Organized by the Federal Ministry of Economics and Technology (BMWi), it brings international experts together to discuss the future of e-invoicing in Germany.

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Boeing needs more cash; puts the squeeze on its suppliers

September 1st, 2016 by in Credit Management, Payment, Purchase-to-pay

The way to do it? Telling its vendors it will take longer to pay bills. Boeing claims these measures are were necessary to compete when airlines want more capable planes at lower prices. And this is not the first time…

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7 Reasons Why P2P Automation is really a No Brainer

Are you still on the fence about getting a purchase to pay system? That’s understandable. Sometimes it helps just to take a step back and simplify things. Here are 7 reasons why purchase to pay automation is really a no brainer.

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