Following the adoption of the revised legislation on public procurement and the directive on e-invoicing in public procurement, the European Commission is organising – together with the Greek Presidency of the EU – a conference on smart public procurement and B2G e-invoicing.
Read MoreAccording to the Spanish government, the move will enhance security, streamline the invoicing process and result in savings of around EUR 3.48 per invoice issued, EUR 2.78 of which corresponds to the administration and EUR 0.70 to the issuing entity. In total, some EUR 52.5 million a year will be saved, while the time taken to process invoices will be reduced by around 80 percent.
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In its Shared Service Center DT Group will implement Medius’ products MediusFlow XI Invoice, MediusFlow XI Match and MediusFlow XI Contract for supplier invoices from Denmark, Sweden, Norway and Finland. Medius has to be integrated into 3 different ERP-solutions and has to proof that it can replace three different existing systems DT Group.
Read MoreWe dug up this interesting post from Andrew Jesse (Vice President Basware in London). He focusses on the fact that late payments can pose a serious risk to a small supplier’s financial health, given that they have less of a financial ‘buffer’ than their larger counterparts. So, it’s unsurprising that extended payment policies are putting pressure on buyer-supplier relationships. The combination of e-invoicing and new e-payment solutions like Basware and VISA helps solve these extended payments and supplier cash flow issues.
Read MoreCegedim and CIC have announced that CIC’s electronic signature technology, powering Cegedim’s MAEA software suite, is now available for full commercial production.
Cegedim and CIC currently deliver this cutting-edge and cost-effective solution in pilots in two major industrial sectors. In these solutions, CIC technology is handling e-signatures to place and approve electronic orders and invoices, as well as to approve payments.
Managed by the Crown Commercial Service, the G-Cloud 5 Framework is a pan government collaborative framework agreement. It is used by UK public-sector bodies, such as (1) central government departments and their arm’s length bodies and agencies, (2) non-departmental public bodies,(3) NHS bodies and (4) local authorities.
For Tungsten Network this accreditation is as a major step in strengthening its relations with the public sector and its operations for two reasons.
Thurrick Council aims to save GBP 900,000 in 2014 thanks to einvoicingThurrock Council near London hopes that the move to e-invoicing and invoice processing will substantial savings of around £900,000 in 2014 alone.
It is unclear however whether the £900,000 savings are based on 100 per cent adoption of e-invoicing by all suppliers.
BancTec signed a Virtual Operator agreement for e-invoice services with the Scancloud. Scancloud’s software will be integrated within the BancTec cloud based invoicing service, BancPay.
BancPay is an intelligent invoicing service that allows all types of businesses to create and exchange invoices electronically to improve cash flow and reduce administrative costs.
The Estonian Ministry of Finance together with AS Ernst and Young Baltic plans to interview some 50,000 companies and 800 institutions from late May to mid-September to learn whether it is sound to make e-invoicing at large mandatory in Estonia. And to support and provide recommendations for a smooth transition to B2G e-invoicing by 2016.
Read MoreBecause all companies, whether large or small, need to optimize their costs and productivity, TourCom, the second largest network of travel agencies in France, is now offering its agencies and their business customers access to tax-compliant electronic invoicing, thanks to the expertise and the wealth of experience that ACCELYA has in the field of electronic invoicing.
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