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Archive for Electronic Invoicing

New approach: efficient invoice processing as an intangible asset

New approach: efficient invoice processing as an intangible asset

In this article on CFO.com William Heitman explains that in the last 40 years, tangible assets have declined to 15% of business value, while intangible assets now generate 85% of value. This means that most intangible assets (and there value) are no longer comprised of trademarks and patents, but rather of "tasks", "processes" and "competences".

When we relate invoice processing to intangible assets, it is clear to see that e-invoicing and AP automation increases the value of this as an intangible asset dramatically. An interesting new approach to the value of e-invoicing, interoperability and AP automation.

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EDICOM leads European project to promote e-invoicing in public health

DICOM will set up a multi-syntax solution for each of the participants, enabling them to process invoices in several standards. This platform will also comply with the European semantic interoperability specifications. The doors are open for interested parties to participate!

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FIT Solutions announces its Supply Chain Finance Service in the Turkish finance sector

e-Finance is a FIT Solutions Supplier Financing Platform which steps in the situations where the corporations are required to collect their receivables earlier in order to make their payments regularly and on time.

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EDICOM Resource center: LATAM E-invoicing status Q3 2016

The EDICOM e-Invoicing Observatory has applied its knowledge to draft a guide with the requirements and technical features of the e-billing schema in different Latin American countries. Find out how to approach this technological challenge successfully with EDICOM’s White Paper.

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The e-invoice to be used as a secured asset in Colombia

The Ministry of Trade and Industry of Colombia has joined forces with the major e-invoicing service providers, among them EDICOM, to ensure that the new electronic invoice acts as a securitised asset when companies ask for an advance on their payments from credit and financial institutions.

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The four biggest differences between processing XML and PDF e-invoices

There are two schools of thought in e-invoicing. The first school believes an electronic invoice is a structured data file, rather than an unstructured file. The second school includes the receipt PDFs received by email. In this article Tungsten explains the biggest difference between XML and PDF e-invoicing

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“E-invoicing has been the biggest change since the Romans”

After a shaky start, the Spanish Ministry of Finance states that the process of implementation of this plan has been a success. At the moment, suppliers have sent nine million electronic invoices for a superior value of 46,000 billion Euro.

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eFinans and TESISQUARE join forces for e-invoicing in Turkey

eFinans and Tesisquare, the two leading companies of digital transformation, join their forces for the projects of electronic invoicing in Turkey. This strategic partnership involves Turkish tax compliant e-invoicing projects with value added technical and financial services by this partnership.

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EESPA + OpenPEPPOL Position Paper: reduce the amount of syntaxes

EESPA and OpenPEPPOL are very concerned by the provision in the Directive 2014/55/EU that all 300.000+ EU public sector contracting authorities will need to be able to receive electronic invoices expressed in any of a list of up to four syntaxes to be recommended by CEN TC 434 for a European core invoice standard. They propose 2 syntaxes.

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Germany prepares legislation to mandate future B2G e-invoicing

The German Ministry of Internal Affairs (BMI) has drafted new legislation to transpose the EU Directive 2014/55/EU into German legislation. However, the new German draft regulation has an ambition that goes far beyond the EU Directive 2014/55/EU.

It shall for example affect all invoices, regardless of the amount. In addition it paves the way for the government to define further requirements, for instance mandating suppliers to send invoices just in electronic format. The latter however has net yet been drafted.