Banks, what is your role in e-invoicing and SCF?

The link between e-invoicing and Supply Chain Finance (SCF) is a special area of interest for RBS. The central question that the bank wants to answer is: how can using electronic rather than paper invoicing lead to better management of working capital, optimal financing structures for corporates, and better control of payables and liquidity?

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[UPDATE] Global science-based company picks Tradeshift

We have a rule here at the E-invoicing Platform: don’t post articles on nameless customer cases. But we’re happy to make an exception for Tradeshift; they have signed a deal with a global science-based company. Major deal like these show that their proposition really stands up, as Tradeshift’s chief executive officer Christian Lanng put it.

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Best of e-invoicing and AP automation in August

September 4th, 2012 by in Electronic Invoicing, Invoice Automation

Some have failed (at least in their eyes), others came out victorious during London 2012. That’s kind of how it works in the field of e-invoicing and AP automation. You win some, you lose some. You can find out in this overview who and what succeeded last August.

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PDF and scanned invoices don’t allow for automated invoice processing. Stone Age anyone?

Here we take the risk of offending some of you. But honestly, anyone who says that “PDFs and images don’t permit automated processing” has either been living under a rock for the last ten years (and shows to remain to do so) and/or acts a stakeholder in favour of structured e-invoices.

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ISIS Papyrus gives electricity provider energy to streamline merger

The Energy Corporation produces 76 billion kilowatt hours of energy. A vast stream of invoices is the inevitable result of big numbers like these. So, when the company went through a merger in 2001 the decision was made to switch all operating systems to SAP R3 for business applications and the ISIS Papyrus Document System for billing.

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The E-invoicing Checklist: receiving e-invoices [part 11]

September 3rd, 2012 by in Electronic Invoicing, Publications

Somewhere during transport, the invoice has undergone a transformation: the sales invoice has become a purchase invoice. The invoice is now residing under your responsibility as a customer, buyer, purchaser. This is what you’ll need to pay attention to.

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[UPDATE] New EU E-invoicing directive? Well apparently not for Romania

August 30th, 2012 by in Electronic Invoicing, Europe, Legal

You’d reckon that if a member of the European Union changed its e-invoicing legislation, it would do so according to the new EU VAT Directive. That way e-invoicing would be harmonised at an EU level, simplified and liberalised. But no, not Romania. They changed their legislation into something that doesn’t comply with EU stipulations.

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Belgian e-invoicing legislation takes a leap forward

August 29th, 2012 by in Europe, Featured Articles, Government, Legal

Go Red Devils! We hope that Belgian e-invoicing advances as majorly as their national football team. The recently approved draft proposal that aims to further simplify electronic invoicing and archiving for paper and electronic invoices puts us in an optimistic mood. The Belgians implement European Directive 2010/45/EU of 13 July 2010 with this new law.

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EC proposal for Tax Fraud Quick Reaction Mechanism adopted

August 28th, 2012 by in Europe, Featured Articles, Legal

Last week a proposal for a Quick Reaction Mechanism (QRM) was adopted by the European Commission. The QRM allows Member States to respond more swiftly and efficiently to VAT fraud. Counteracting the fraud nearly immediately, while more permanent measures are being established.

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Royal Bank of Scotland is latest E-invoicing Platform member

It was only yesterday that we could proudly present a new member, but today we have to honour of introducing you to yet another new addition to our list: the Royal Bank of Scotland. The Royal Bank of Scotland (RBS) Group is an international banking and financial services company.

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