Archive for Europe
14 of Top 15 European Supply Chain Organisations connect through GXS’ Trading Grid®. GXS Trading Grid automates supply chain processes such as procure-to-pay and order-to-cash for thousands of companies in sectors including automotive, high tech, consumer products and retail.
Gartner’s Top 15 European Supply Chain Organisations identifies the top 15 performers headquartered in Europe, based on a combination of financial metrics (revenue growth, return on assets [ROA] and inventory), and the opinion of peers and Gartner supply chain analysts
25 companies specialized in the electronic invoicing operations gathered around GS1 France have officially signed the E-invoicing Interoperability Charter. This charter aims to reaffirm the free exchange of electronic invoices, especially when the electronic bill passes through two different operators.
The development of the E-invoicing Interoperability Charter began almost a year, as part of a working group composed of users GS1 France. It is the result of the will of GS1 member companies, publishers and operators of electronic invoicing solutions, to support the fast adoption of e-invoicing while adhering to legal electronic invoicing requirements.
Medius AB has acquired the assets and bankrupt’s estate of the Swedish procure-to-pay and invoice process provider Ascendo Systems AB. The deal covers Ascendo’s assets and Medius acquires Ascendo’s products, competence and customer base with more than 500 satisfied customers.
The acquisition is in line with Medius’ growth strategy and strengthens their position on the Swedish market.The business will be managed from Ascendo’s office in Östersund, from which solutions and customer relationships will continue to be supported, maintained and developed.
OB10 is selected by Coca-Cola Hellenic Bottling Company (HBC) to support its finance transformation goals. Active in 28 countries and one of the largest bottlers of The Coca-Cola Company products, Coca-Cola HBC is rolling out a range of OB10 services, including e-Invoicing, Invoice Archiving, Purchase Order Services and the Invoice Status Service for the benefit of the business and its suppliers.
Luke McKeever, CEO at OB10, says, “It is a pleasure to welcome Coca-Cola HBC to the OB10 network. We look forward to supporting its e-Invoicing journey and delivering the advantages of straight-through processing and invoice automation.
Are you not ready yet for SEPA? Or just about to, but you don’t know for sure to meet the 1 February deadline? Or maybe you haven’t put SEPA on your agenda yet? Rest assured, you are not alone. A PWC SEPA Readiness Monitor shows that many companies like you face the same problems.
Many companies don’t know if or when they are SEPA ready. However this doesn’t change the deadline of 1 February 2014: if your company isn’t ready by that date, there’s a big chance that you won’t be able to receive credit transfers or pay your bills. So, make sure to have a Plan B. Want to know how?
The delay in implementing the digital agenda costs Italy EUR 1 billion per month, according to estimates by the Digital Agenda Observatory of the School of Management of the Milan Polytechnic. It said adopting electronic invoicing for public administration could lead to a saving of EUR 1.1 billion per year, while the introduction of IT services in health care could generate savings of EUR 6.5 billion per year.
Read MoreSebastian Christow, Director of Electronic Economy, Department of the Polish Ministry of Economy, revealed at the EXPP Summit that Poland is to adopt PEPPOL for B2G e-invoicing After Norway, Denmark, Sweden, France, Italy, Austria, Ireland, Poland is the next country to implement PEPPOL. Though the PEPPOL project ended last year, the results are now administered in the OpenPEPPOL community.
After one year of operation, the OpenPEPPOL Association counts almost 80 member organisations from the private and public sector across 17 countries, with over 60 Access Point providers. Read More
Basware will deliver AP Automation services to Tele2 Norge AS, a Norwegian provider of telecommunication services. The acquired services are powered by Alusta, Basware’s unified cloud-based platform for Purchase-to-Pay. The specific Basware services to be delivered include Invoice Automation, Scan & Capture, Supplier Activation and Supplier Portal. The value of the agreement is approximately EUR 300,000 over the next three years. The services will be implemented during the second half of the year.
Read MoreThere probably is no such thing as coincidence. First, the European Commission published a report estimating €193 billion in VAT revenues (1.5% of GDP) were lost due to non-compliance or non-collection in 2011. Second, A.T. Kearney in association with Visa and Dr. Friedrich Schneider published there yearly report called “The Shadow Economy in Europe“, which looks at the “legal business activities that are performed outside the reach of government authorities.”
Together both reports state that electronic invoicing could help governments to contain tax evasion and the shadow economy. Is that so?. let’s take a thorough look at that.
In a series of posts Mikkel Hippe Brun from Tradeshift discusses the new EU B2G e-procurement and e-invoicing directive. Mikkel makes the comparison to the successful PEPPOL infrastructure and wonders why the draft directive on B2G e-procurement and e-invoicing calls for a blank slate – effectively ignoring the success and hard work of several member states in demonstrating a scalable solution for Europe.
Mikkel also takes a look at the success of the GSM standard in Europe and what it meant for the European telco industry. And between the lines you can read about the danger that just like SEPA, the EU gets stuck with a pan European system that throws away the efficiencies, first mover advantages and great lessons learned by the Nordics.
