Archive for Europe
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.
Read MoreGerman ICT industry association Bitkom encourages their businesses members to adopt the ZUGFeRD standard for electronic invoicing, says Heise Online. Bitkom wants the EU to promote the take-up of ZUGFeRD.
ZUGFeRD is based on the XML-Format Cross Industry Invoice developed by the United Nations’ CEFACT. These automated processable XML data can be embedded into human readable PDF/A-3- documents.
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In my opinion, the Directive fails to address key issues, without which it will be impossible to achieve real financial and environmental gains for Europe and the business community that serves it.
Whilst I would always welcome all efforts to encourage the use of e-invoicing, in my view this Directive just scratches the surface and leaves many unanswered questions. My fear is that it will actually serve to delay the full economic benefits of e-invoicing, which would make €2.3 billion look like small change.
