BancTec signed a Virtual Operator agreement for e-invoice services with the Scancloud. Scancloud’s software will be integrated within the BancTec cloud based invoicing service, BancPay.
BancPay is an intelligent invoicing service that allows all types of businesses to create and exchange invoices electronically to improve cash flow and reduce administrative costs.
The Estonian Ministry of Finance together with AS Ernst and Young Baltic plans to interview some 50,000 companies and 800 institutions from late May to mid-September to learn whether it is sound to make e-invoicing at large mandatory in Estonia. And to support and provide recommendations for a smooth transition to B2G e-invoicing by 2016.
Read MoreBecause all companies, whether large or small, need to optimize their costs and productivity, TourCom, the second largest network of travel agencies in France, is now offering its agencies and their business customers access to tax-compliant electronic invoicing, thanks to the expertise and the wealth of experience that ACCELYA has in the field of electronic invoicing.
Read MoreGerman ICT industry association Bitkom encourages their businesses members to adopt the ZUGFeRD standard for electronic invoicing, says Heise Online. Bitkom wants the EU to promote the take-up of ZUGFeRD.
ZUGFeRD is based on the XML-Format Cross Industry Invoice developed by the United Nations’ CEFACT. These automated processable XML data can be embedded into human readable PDF/A-3- documents.
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In my opinion, the Directive fails to address key issues, without which it will be impossible to achieve real financial and environmental gains for Europe and the business community that serves it.
Whilst I would always welcome all efforts to encourage the use of e-invoicing, in my view this Directive just scratches the surface and leaves many unanswered questions. My fear is that it will actually serve to delay the full economic benefits of e-invoicing, which would make €2.3 billion look like small change.
United Biscuits Northern Europe processed annually about 54,000 incoming invoices into JD Edwards. These invoices are processed and booked in five different companies in three countries and in three different languages.
Spread over several (sub)sites nearly 150 people are involved in the capture, booking, approval and further processing of the incoming invoice flow. There was a need for improved efficiency of invoice processing.
As of June 6 2014, electronic invoicing will be mandatory for Italian ministries, the Tax Agency and state security bodies, as well as their suppliers. Other public agencies and their suppliers will have to join nine months later. So, the rollout of electronic invoicing in the Italian Public Sector will be completed by 31 March 2015. The initial deadline for switchover completion was 6 June 2015, one year after the first stage was started up. However, the Decree-Law issued on 24 April in the Official Gazette brought this period forward two months.
Read MoreE-invoicing seems to be a commoditised offering – less and less service providers are talking only about e-invoicing and everybody are trying to have wider offering. OpusCapita has conducted a market Survey in March 2014 in order to find out the importance of e-invoicing compared to other topics inside company’s O2C process. Finance people from 450 companies in Nordic were interviewed.
Read More![UK E-invoicing Debate Takes Off after a Government Inquiry Report [download]](https://eeiplatform.com/files/img/electronic-invoicing-the-next-step-tot-digital-goverment_w_528_zc_1_a_c.png)
A UK Government Inquiry Report into e-invoicing was recently launched by members of parliament, to look at how the technology could save the UK public sector money by enabling more efficient procurement and payment processes.
The report explores the benefits and barriers of E-Invoicing, how it is currently used in the private sector and in other countries. It proposes a series of recommendations that could be implemented by policymakers to encourage greater adoption.
eFinans has been admitted as the first Turkish member of EESPA (European e-Invoicing Service Providers Association) by EESPA Board decision of April 11, 2014. eFinans aims to strengthen its ties with its European peers in order to be ready for crossborder e-invoicing which will soon come into force in Turkey. eFinans’ system experience and banking culture inherited form its parent’s decades-long experience is ready to propel Turkish companies and their global trading counterparts.
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