Earlier this month, the European Parliament backed the EC’s proposal to modernise EU rules on e-invoicing in public procurement. But while the new e-invoicing directive calls for a new standard, it doesn’t reference the issue of on-boarding – making it easy for suppliers to prepare to exchange e-invoices. This is why Palette recently launched their e-Invoicing Services Portal, to make it easy for any business to deploy e-invoicing with their customers and partners, to gain mutual benefits.
Read MoreWe continuously collect news items that for some reason don't make it to a full post here at the E-invoicing Platform. News from the world of on e-invoicing, payments, invoice automation, order to cash, purchase to pay, compliance or e-procurement. And because we do want to give you the opportunity to get informed about what is going on all over the world, we provide you with this news flash.
Read More
Recently we received notice on an article published on the UK Treasury Today website. The title "A breakthrough for e-invoicing?" zooms in on the new EU Directive e-invoicing on public procurement and the fact the actual breakthrough for e-invoicing is the feature missing from the EU framework for e-invoicing. And that is: on-boarding.
For the article Treasury Today interviewed both Charles Bryant ( European Affairs Advisor for OB10) and (Richard Manson, Director and co-founder of CloudTrade)
A while ago we discussed some myths and facts on PDF einvoicing. PDF is becoming the predominant form of einvoicing in the EU. However some stakeholders still state that PDf invoicing is not e-invoicing. Richard Manson from CloudTrade restarts the discussion on Peter Loughlin's site: Purchasing Insite.
Richard states: "As machine generated text PDFs represent the majority of PDF invoices flying between organisations, the question then must be asked: what is the difference between a solutionthat maps an XML or EDI document, to a solution that maps invoice data carried in a PDF into “…a format that can be entered (integrated) into the buyer’s Account Payable (AP) system? There isn’t any. So why do we still hear ‘pdf invoicing is not real e-invoicing?"
As from 1 January 2014 Mexico requires Electronic Payroll Receipts (Nomina Electronica), "beating" the Brazilian eSocial initatie that should come into force as from the middle of 2014. It shows that Latin American compliance is much more than account payables or ebilling, and the expansion into the Human Resource area is one of many steps.
Compliance in Brazil and Mexico now spans Account Receivables, Outbound Shipping, Use of 3rd Party Logistics Providers, Account Payables, Tax Compliance and Audit Risk, and as of 2014 – Human Resources through mandates applied to Payroll.
CloudTrade has experiencing rapid growth through their strategic channel partnerships. In fact, CloudTrade impressively doubled in size for the last two years in a row. CloudTrade actively launched in 2011 and in that short space of time has gained a reputation thanks to a combination of advanced patent-pending technology and working in collaboration with key strategic partners.
That allowed them to accelerate growth - in just three years of active trading CloudTrade has gone live with over 80 end-customers across the globe.
More than 9,000 million (9 billion!) electronic invoices issued by different companies and entities in Mexico the past decade displays the success of the Mexican Einvoicing initiative. It represents a major step in the country's progress in its goal towards the development of e-government that provides greater efficiency, avoide the use of paper, to minimize fraud and to increase in public agility.
The successful implementation of electronic invoicing in Mexico has attracted much interest of the European Commission, as well as single EU Member States.
By introducing a universal e-mandate solution, AcceptEmail answers to the call of customers and stakeholders, such as merchants, branch organisations and regulators as the Central Bank, to manage and acquire electronic mandates for SEPA Direct Debit in an easy, secure and compliant way. AcceptEmail Mandates allow consumers and merchants to complete and exchange mandates fully digital via e-mail, mobile or online. Read more about their added value, distinctive features and how AcceptEmail Mandates works.
Read MoreThis is all based on a new study from Sage Pay. And was presented as a foot note alongside the main finding. The study from Sage Pay primarily discovered that SME businesses in the UK as a whole are currently owed more than £55 billion in unpaid or outstanding invoices. The average SME is owed £11,358, with one in five owed over £30,000.
Read MoreBram Kuijper appointed chair of the SimplerInvoicing Foundation boardBram Kuijperhas been appointed chair of the SimplerInvoicing foundation board for at least the next twelve months. SimplerInvoicing is a initiated by 12 Dutch e-invoicing service providers, 2 ERP providers and Logius (the Dutch govermental IT organisation). The goal of this PEPPOL based initiative is to make structured e-invoicing much simpler. Voila! The daily board of SimplerInvoicing consists of five members.
Read More
