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Will the ‘Spanish Approach’ be the next step in E-invoicing Compliance in Europe?
Finnish/Nordics attempt to revive ISO20022 after turned down as EU syntax
Break: only UBL and CII remain as mandatory EU B2G e-invoicing syntaxes!

How long does it take you to on-board a new supplier?

October 27th, 2014 by in Adoption, Electronic Invoicing

CloudTrade recently onboarded a new supplier in just 26 minutes – from initial request via email (to a supplier we’ve never had contact with before) to the supplier actually submitting their first, live production invoice via CloudTrade.

So how is CloudTrade able to onboard a supplier that quickly? Well, perhaps of their drive and because CloudTrade is different from other e-invoicing solutions. There are three key differentiators, why CloudTrade can onboard more suppliers and more quickly than anyone else…

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Study confirms: EU lost EUR 177 billion in VAT Gap. E-invoicing could save the day

October 27th, 2014 by in Electronic Invoicing, Europe, Featured Articles

An estimated €177 billion in VAT revenues was lost due to non-compliance or non-collection in 2012, according to the latest VAT Gap study published by the European Commission. This equals to a massive 16% of total expected VAT revenue of 26 Member States! The EU believes that tackling the VAT Gap requies a multi-facetted approach, and that e-invoicing should somehow be one of these measures.

However if, e-invoicing in Europe remains as liberalised as it is today, the VAT gap will surely not decrease. Perhaps the EU could take a look at the Latin American approach, and its stunning results….

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Strategic partnership between Tungsten and Trustweaver for global compliant e-invoicing

October 27th, 2014 by in Compliance, Cooperation, Electronic Invoicing

Tungsten Network announced to have inked a strategic partnership with TrustWeaver. TrustWeaver’s legally compliant electronic signature, time-stamping and tax authority clearance functions had already been integrated into Tungsten Network’s document creation and validation workflows. However, this strategic partnership between Tungsten and Trustweaver implies a next step…

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SEPA: Banks discontinue direct debits in favour of automatic e-invoice standing order

October 27th, 2014 by in Electronic Invoicing, Europe, Payment

With the integration into the Single European Payment Area, the requirements of the European Parliament Regulation will enter into force, more and more Nordic banks phasing out the current direct debit based solutions in favour of the automatic e-invoice standing order: a subscription based e-invoice process.

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Number 47: Qatar is the next compliant country for Tungsten

October 22nd, 2014 by in Asia, Compliance, Electronic Invoicing

Qatar is Tungsten Network’s 47th compliant country and the third Middle Eastern nation that Tungsten is legally and operationally compliant in, joining the United Arab Emirates and Saudi Arabia. Qatari suppliers on the Tungsten Network come from a variety of industries, including hospitality, legal, media and telecommunications.

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Thomson Reuters steps up international expansion plans for Serengeti Tracker

October 22nd, 2014 by in Digitalisation, Electronic Invoicing

Serengeti Tracker, a web-hosted software solution, is the highest-rated and most widely used system for legal matter management, e-billing, and analytics, instilling worldwide best practices across corporate legal departments, increasing control, reducing spend and improving collaboration – internally and with external legal counsel.

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E-invoicing maturity according to Gartner. In 2014

October 20th, 2014 by in Adoption, Electronic Invoicing

Every now and day new reports appear on e-invoicing maturity. Gartner recently issued its IT Market Clock for B2B Solutions, 2014. And according to Gartner the time is now to invest in e-invoicing. It is beyond the dawn of standardisation and it will take another 5 to 10 years before e-invoicing switches to the next phase.

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Electronic invoicing. Work smarter, not harder

October 20th, 2014 by in Adoption, Electronic Invoicing

Have you ever heard the expression work smart, not hard? That is the approach InvoiceSharing takes towards e-invoicing. And they fitted it into this neat little video on Youtube. Invoicesharing specifically exists to help make online sending, online receiving and sharing of invoices between countries and companies of any type smoother, easier and smarter and free. For anyone.

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13 E-invoicing and AP Automation bites you may have missed last month

October 17th, 2014 by in Electronic Invoicing, Invoice Automation, Purchase-to-pay

We continuously collect news items that for some reason don’t make it to a full post here at the E-invoicing Platform. News from the world of on e-invoicing, payments, invoice automation, order to cash, purchase to pay, compliance or e-procurement. And because we do want to give you the opportunity to get informed about what is going on all over the world, we provide you with this news flash.

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Branston streamlines electronic trading with Wesupply

October 17th, 2014 by in Digitalisation, Electronic Invoicing, Europe

Through a fixed annual fee, with no variable costs, Wesupply now provides Branston with complete transparency of EDI costs. Wesupply’s fully managed service, which includes the management of the implementation and on-boarding process, allows Branston to connect to new trading partners easily and efficiently, enabling the company to deliver a higher level of customer service without worrying about hidden costs.

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