As of 1 August 2014, companies that charge for their services by standing order must meet the requirements concerning collection and safekeeping of the authorization stipulated in the SEPA regulations.
It is important to note that direct debits by standing order corresponding to new customers implemented without the necessary consent may be subject to return and refund during the 13 months following the unauthorized charge.
The EDICOM electronic consent publishing service automates the process of generating, sending and electronic signature of the authorization document.
Find out about their EDICOM SEPA Platform solution.
Corcentric, a provider of Accounts Payable automation and electronic invoicing solutions, announced to have been featured in a newly released market research report from PayStream Advisors, tracking the growth in electronic invoicing among SME’s.
The report, titled “Electronic Invoice Management: A Move to the Middle,” asserts, based on survey results, that improved innovations in cloud-based technology are allowing small and medium-sized companies looking to eliminate paper invoice to enter this arena.
ACCELYA is now connected to ‘Chorus Factures’ (‘Chorus Invoices’), the paperless invoicing portal put in place by the French State for use by its suppliers. Companies that use ACCELYA services may therefore send electronic invoices to the State for public contracts executed. ACCELYA applies its skills -specifically in the area of electronic invoicing- to streamline the invoicing process for its customers and to reduce related costs, through optimum transmission of their invoices to the public authorities.
Read MoreBankservAfrica is rolling out South Africa's first bank-based electronic billing and payment service. BankservAfrica is wholly owned by South Africa's leading commercial banks and is the country's main automated clearing house. The new EBPP service is being introduced to consumers through connected online banks in 2014.
Initially BankservAfrica is making the service available to consumers via the participating banks, with plans to address the needs of corporates and business users at a later stage. Two of the largest municipalities in South Africa have already connected to the service, for the delivery of local taxes and charges, with the imminent launch of a range of retail billers via Nedbank.
The main objective of the protocol was to formalize the collaboration between the ASA and the leading providers of e-invoicing services on the Belgian market. This is part of a larger initiative in which a total of 10 protocols will be signed with different industry groups. One of the commitments taken by the Belgian e-invoicing services providers which signed the protocol is to agree on a standard for invoice exchange - the result of a lobbying initiative from UnifiedPost and a step forward for making e-invoicing more accessible to SMEs.
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When you're constantly receiving invoices from the vendors you work with, it can be a nightmare. Everyone's got different payment terms and accepts different forms of payment, and you have to keep track of who to pay when and how. Needless to say, it's a lot to juggle.
It doesn't have to be, though. Electronic invoices can cut down on your admin work, save you time, and get your vendors paid when they want to be paid. Everyone's happy!
We 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 MoreMany international companies still struggle to establish consistent electronic invoicing across their large and heterogeneous customer bases. Many companies would like to receive 100% e-invoices, as they see the efficiency, cost, visibility and cash flow benefits they can achieve. The key to achieving this lies on the side of the invoice sender. That is why Basware has introduced “E-invoicing Switchover”.
With this launch, Basware is offering large companies a 100% e-invoice sending solution, introducing 'opt-out' as a new rollout method to connect customers.
This particular organisation started to think about invoice automation approximately 10 years ago, when EDI (Electronic Data Interchange) invoices were taken into use in the retail sector. Then the calculated return on investment (ROI) was negative and the project was suspended. The next attempt caused difficulties in implementation of matching of EDI invoices based on in-house developed functions in the ERP system. 2013 was the year when the third attempt to automate invoices in P2P process was made. The company has chosen in-house solution and the implementation project supported by OpusCapita will go on for 4 to 6 months.
Read MoreAs of today electronic invoicing is fully free from anywhere in the world. InvoiceSharing is the first company to make the total process free, that is: from sending electronic invoices to importing them into financial accounting.
A revolutionary innovation that is available to any company as of today. A business model considered ‘impossible’ by the industry is now the new reality. A revolution for providers of paid electronic invoices. Integration to any financial system is free. Sending and receiving of invoices is also free. The entire process is accredited by the accounting firm Ernst & Young.
