[UPDATE] Bolivia implements mandatory e-invoicing as from November 2014

The Bolivian system mandates the use of e-invoicing, incorporates security measures to prevent forgery (using a QR code) and modifies the format of fiscal notes and auxiliary records. As it came clear to the Bolivian that most of the affected taxpayers were not ready for the new regulations, the new Resolution allows taxpayers until November 2014 to adjust their systems.

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Taulia mentioned as “Sample Vendor” in Gartner Hype Cycle for Procurement and Sourcing Solutions 2014

October 16th, 2014 by in Electronic Invoicing, Publications, Research

Gartner has included Taulia in its annual “Hype Cycle for Procurement and Sourcing Solutions, 2014”. In the ­­report, Taulia was listed as a provider of dynamic discounting and eInvoicing solutions. And of course Taulia is delighted to be identified by Gartner’s research team as a sample vendor. They feel it speaks to the recognition they’ve seen from customers and investors who have realized the value of Taulia’s solution.

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4 reasons why e-invoicing mandates are good for businesses too!

When it comes to having a favorable business environment, few would associate more regulations as being the answer. However Scott Lewin (President & CEO) and Steve Sprague (VP Product Strategy) of Invoiceware International beg to differ. From their perspective and experience e-invoicing mandates are actually a great development that businesses will soon learn to appreciate for at least four reasons.

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Office Depot selects Atlas Products for European Wide Supplier Collaboration and e-Invoicing

For its European vendor trading operations Office Depot was looking for a partner that provides a network-based supplier system that will synchronise product catalogues, enable electronic invoicing and facilitate a fully automated purchasing cycle. And that partner is Atlas Products International.

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Three e-Accounting (eContabilidad) challenges in Mexico

October 14th, 2014 by in Accounting, Latin America

Mexico is streets (en probably blocks) ahead of Europe, when comes to e-invoicing. Now, Mexico is taking another step: e-accounting. Or in Spanish: Contabilidad Electronica, in short: eContabilidad. Now, the fact that something becomes mandatory, doesn’t necessarily means that it gets easier or simpler. In this article EDICOM discusess the challenges that comes with Mexican eContabilidad.

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Exchange Summit: Addressing the e-invoicing toxic mix?

Unfortunately we were not able to visit this years Exchange Summit in Barcelona. However Ellen Leith of APN Today was present and she wrote an interesting background article, called: “Avoiding the e-invoicing toxic mix”. In it she points out some interesting points. I added some additional remarks.

The discussion shows that the diffusion of e-invoicing is a matter of time and that different continents have different approaches. It seems that the LATAM approach is proving the most succesful for now, whereas the EU still has to find its bearing. However, regardless of legislation and (lack of) standards, businesses have to and can rely on e-invoicing service providers from years on end to help them achieve their goals.

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Introducing Taulia: turning every e-invoice into a revenue opportunity

We are delighted to introduce Taulia to the E-invoicing Platform audience. Taulia provides cloud-based invoice, payment and dynamic discounting management solutions. Taulia revolutionizes the way businesses interact and partner with each other, by turning every invoice into a revenue opportunity. And this enables organisations to strengthen supplier relationships while adding millions to the bottom line. Taulia’s proposition is acknowledged by the fact that the Royal Bank of Scotland (RBS) has partnered with Taulia to be one of the first banks to offer its corporate clients dynamic discounting with e-Invoicing.

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Why not use BASDA eBis-XML or GS1 standards in Europe?

October 10th, 2014 by in Adoption, Europe, Standards

In this column Bill Pugsley asks why a new European “standard” for e-invoicing is needed. This may take years to develop. Whereas the existing BASDA eBis-XML messaging standards have been around since the late 1990s? And the GS1 (Global Standard One) system of standards have been working successfully since the late 1970’s.

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Swiss federal administration mandates B2G e-invoicing

The Swiss Federal Council decided that as from 1 January 2016, suppliers have to submit electronic invoices to the federal administration if the contract value exceeds 5,000 Swiss francs. With this scheme, the concerns of SMEs is considered to exempt small procurements from the requirement. The federal administration will support their suppliers in the implementation phase.

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US Bank launches e-invoice based freight-payment trade finance service

U.S. Bank has allegedly signed up more than 5,000 carriers to use its freight-payment trade finance service. The appeal for carriers of getting on board this system is that they’re guaranteed to be paid. Once e-invoices are cleared, the bank pays the carriers and sends the shipper a consolidated invoice for all shipments made through the system.

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