In Belgium there is such a thing as the ESP (E-invoicing Service Providers) Protocol. It is the result of three recently signed protocols to promote the current adoption of 20% to new levels. Similar to France.
In the ESP protocol, the ESPs and the Belgian Business Software Providers (BBSPs) agree to produce a standard for data exchange that will allow them to exchange electronic invoices more smoothly.
Van der Valk is keen to deliver its (B2B) invoices in whatever way and format the customers wish to receive them. To do so, a connection has been made to iTesso’s hotel management system called Hotel Concepts IDPMS.
Using all the booking information as well as the financial details of the guests in Hotel Concepts IDPMS (used by all 32 hotels), all business customers are presented their e-invoice in the InvoicePortal.
We 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 MoreToday the first edition of the Arab World Online Payment Report. The report provides in-depth analysis of the state of e-commerce, e-payment and bill presentment over the past ten years in the UAE, Saudi Arabia, Egypt, and Kuwait.
Read MoreThe winner of this years RFID Green Award, the Fiscal Information Agency of the Taiwanese Ministry of Finance, said that there are about 8 billion uniform invoices (most of them B2C receipts) issued annually in Taiwan. The amount of paper consumption for these 8 billion invoices equals to 80,000 trees felled as well as the 3,200 tons of carbon dioxide emission.
Read MoreThe 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.
As of June 6 2014, electronic invoicing will be mandatory for Italian ministries, the Tax Agency and state security bodies, as well as their suppliers. Other public agencies and their suppliers will have to join nine months later. So, the rollout of electronic invoicing in the Italian Public Sector will be completed by 31 March 2015. The initial deadline for switchover completion was 6 June 2015, one year after the first stage was started up. However, the Decree-Law issued on 24 April in the Official Gazette brought this period forward two months.
Read MoreE-invoicing seems to be a commoditised offering – less and less service providers are talking only about e-invoicing and everybody are trying to have wider offering. OpusCapita has conducted a market Survey in March 2014 in order to find out the importance of e-invoicing compared to other topics inside company’s O2C process. Finance people from 450 companies in Nordic were interviewed.
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