The EU E-invoicing Forum reports are final. And these are the 32! recommendations

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.

Top Image Systems to process 95000 invoices for Automotive Firm

Top Image Systems’ eFLOW INVOICE was chosen after the automotive company visited installations in Europe where they saw how eFLOW was completely integrated into the SAP infrastructure. They wanted their invoice processing system to be able to look up supplier ratings and to offer the possibility of data mining.

The company appreciated that Top Image Systems would customize its prepackaged invoice solution to meet their specific requirements. Nevertheless, the implementation of eFLOW Invoice for SAP to control the extended invoice processing workflow, matching the data in the invoices to supplier information stored in the ERP database, was offered as a standard feature.

Combatting fraud and increasing security with the Brazilian ‘Receiver Respons’

Brazilian NF-e legislation prescribes that electronic invoice NF-e receivers have to perform process updates towards the tax authorities on the e-invoices received. The Receiver Response has already been made mandatory for fuel distributors, service stations, carriers and retail fuel resellers. And it is expected to be extended the next few years.

The first aim of the mandatory use of “receiver responses’ is to provide greater security in combatting company fiscal transactions. It also provides the receiver with legal security. For example, an Invoice for which the confirmation event is issued can no longer be cancelled by the issuer.

OpenText buys GXS for USD 1.165 billion! These are the financial and business details

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.

Formpipe builds payment module for the Danish Business Authority

Formpipe has received an order from the Danish Business Authority for the development and maintenance of a payment module. The order is valued at approximately € 600.000 and it will ensure the Danish Business Authority’s customers a fast and cost efficient access to company data through credit card payments. The payment module supports the authority’s ambitions towards increased digitization and self-service.

Basware and B2Boost cooperate to open up e-invoicing in the Belgian media sector

Basware and B2Boost decided to collaborate to provide the Belgian media industry Procure-to -Pay automation and e-invoicing, fully integrated and tailored to their needs.

This collaboration aims to build synergies between Basware and B2Boost, both under contract with VMMa and SBS , which are among the top five players in the Belgian broadcasting industry. Rather than imposing media agencies to have to choose between Basware and B2Boost, both players decided to join forces to offer their clients and future prospects with solutions to abandon the paper process.

Brazilian Nota Fiscal Electronica (NF-e) Version 3 gets the go ahead

The Secretaría de Fazenda has published technical note NT2013.005. It announces the rollout of version 3 of the Nota Fiscal Electronica (NF-e) digital invoice in Brazil. This version changes the structure of the XML file, the validation process and webservice communications with the Public Administration.

In its technical note, the Secretaría de Fazenda has also set the dates for the implementation of NF-e version 3. On 02/12/2013 a test framework will be started-up. On 10/03/2014 the Production framework (coexisting with version NF-e version 2) will be live. And in December 2014 the coexistence period comes to an end, and usage of NF-e version 3 becomes mandatory.

90% of Fortune 500 misunderstand Mexican Mandatory CFDI E-invoicing

Scott Lewin mentioned in this post that when on the phone with Fortune 500 companies to discuss Latin America electronic invoicing, they are in panic mode. Why? Because their local team had told them it was not a big deal; but once they started understanding the requirements, the impact to their ERP, and the frequency of changes to the legislation, they realized it was a big deal. A very big deal.

When it comes to the inbound Buyer side requirements in Mexico several aspects are often overlooked by the local teams of the Fortune 500’s First of al they don’t think the mandates exist for AP validatio. Second, their suppliers are still sending paper today. And finally, they just don’t think the mandates are real because the government has not had a history of enforcing CFDI.

GXS Powers 100% of the Asian Pacific Top Supply Chains

GXS, a leading provider of B2B integration services, today announced that 100 percent of the Top Supply Chain Organizations in Asia Pacific connect through GXS Trading Grid, GXS’s cloud-based integration platform.

Gartner’s Top Supply Chain Organizations in Asia Pacific identifies the top 10 companies headquartered in Asia/Pacific, based on a combination of financial metrics (revenue growth, return on assets [ROA] and inventory), and the opinion of peers and Gartner supply chain analysts.

Basware provides catalog management and supplier onboarding to Swedish automotive manufacturer

Basware expanded its contract with a major Swedish automotive manufacturer to its services across more than 20 European countries. The services include Basware Catalogs, (a portal service enabling suppliers to deliver their catalogs) and Basware Supplier Onboarding. The value of the deal exceeds EUR 900,000 over three years. Implementation starts this quarter.

The customer has already deployed Basware’s accounts payable and procurement solutions. Basware is running e-invoicing activation services for onboarding suppliers in the same countries where the new catalog services will now be implemented.