Basware launches connectivity services to accelerate Purchase to Pay process automation

Basware, the leading provider of purchase to pay solutions, today announced the launch of Basware Connectivity ( http://www.basware.com/our_solutions/supplier_connectivity/Pages/default.aspx ), a new set of enabling services to increase the adoption of electronic document exchange in difficult economic times for businesses. Basware Connectivity services allow suppliers and buyers of all sizes and maturity to transact electronically across […]

EU: SEMIC.EU repository registers 100th interoperability asset

The Semantic Interoperability Centre Europe’s repository of interoperability assets has passed an important milestone. Two new core components were provided by the French Ministry of Budget’s General Directorate for State Modernisation (DGME), pushing the number of available solutions into the triple digits.

The 100th asset is a specification of “Financial Institution” in France. It is used […]

OB10: potential savings e-invoicing up to €18 billion

Organisations across all industries are feeling the impact of the current economic downturn and looking for ways to cut costs and increase efficiencies without disruption to their productivity. Ideal solutions should be implemented swiftly; leveraging earlier IT investments and not requiring large capital investments.

According to the European Commission, businesses across Europe can save up to […]

Opinion: Post no bills

E-invoicing has not taken off as fast as its proponents might have hoped, but the economic climate might give their efforts new impetus.

The European Commission estimates that the potential cost savings of e-invoicing in the business-to-business sector will be €238 billion. The European Association for Corporate Treasurers puts the figure at €243 billion. According to […]

Internet Law – EU regulations for e-Invoicing

To achieve basic standards of clarity and certainty in a taxation system, the incidence of taxation must be well defined. The tracking of indirect taxes such as VAT relies on invoices as the primary evidence of a commercial transaction.
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When business evolves by means of advance technologies, documentary evidence such as invoices must match these advances. […]

Norwegian finance portal launches new bank switching function

A new solution was launched by the Norwegian Minister of Finance Kristin Halvorsen, the Minister of Children and Equality Anniken Huitfeldt and the Director of the Norwegian Consumer Council Randi Flesland through the financial portal finansportalen.no, aiming at facilitating the process of switching banks or even starting negotiations within a bank in order to achieve […]

Dutch Tax Authorities take a head start on the new EU e-invoicing directive

 
The industry in The Netherlands has been released from a huge paperwork burden, after the political decision was taken to allow e-mail for sending invoices. This administrative change provides entrepreneurs with possible annual savings worth € 600 million.

The tax authorities state that paper is no longer sacred. Companies are allowed to send invoices to each other per email, without having to pass all kinds of […]

E-Invoicing / E-Billing in Europe – Taking the next step towards optimised processes

An organisation can save 1-2% of their turnover by replacing paper invoices and optimising the related processes. Electronic and automated invoice processes can result in savings of 60-80% compared to traditional paper based processing. Thus the payback time on investments in E-Invoicing projects can be as short as six months.

In 2008, roughly 1 […]

Voestalpine Railpro selects TIE Kinetix Business Integration Platform

TIE Holding N.V. (“TIE”) has announced that Voestalpine Railpro has selected the TIE Kinetix Business Integration Platform for the Computer to Computer Integration with its most important customers. 
With the selection of the TIE Kinetix Business Integration Platform, Voestalpine Railpro significantly improves the integration and establishes efficiency advantages in the processes of exchanging, processing and managing […]

The EEI Platform Activity Plan 2009

In October 2008 the EEI Platform was announced. Together with a website, an e-mail newsletter and several social network site connections (Twitter, Ning, Slideshare, Youtube and so on), the EEI Platform consist of a considerable amount of 21 Founding Partners.

As stated in the interim report of the E-invoicing Expert Group communication is of the […]