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Archive for Europe

Accelya provides efficient e-invoicing for TourCom Travel Management

May 27, 2014  |  Adoption, Electronic Invoicing, Europe

Because 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.

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Bitkom wants their members to adopt the ZUGFeRD e-invoicing standard

German 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.

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New EU e-invoicing Directive just “scratching the surface”. And failing to deliver [column]

New EU e-invoicing Directive just “scratching the surface”. And failing to deliver [column]

In my opinion, the Directive fails to address key issues, without which it will be impossible to achieve real financial and environmental gains for Europe and the business community that serves it.
Whilst I would always welcome all efforts to encourage the use of e-invoicing, in my view this Directive just scratches the surface and leaves many unanswered questions. My fear is that it will actually serve to delay the full economic benefits of e-invoicing, which would make €2.3 billion look like small change.

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United Biscuits processes 54.000 purchase invoices a year in JD Edwards with ISProjects

May 21, 2014  |  Europe, Invoice Automation

United Biscuits Northern Europe processed annually about 54,000 incoming invoices into JD Edwards. These invoices are processed and booked in five different companies in three countries and in three different languages.
Spread over several (sub)sites nearly 150 people are involved in the capture, booking, approval and further processing of the incoming invoice flow. There was a need for improved efficiency of invoice processing.

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Italy shortens its mandatory B2G einvoicing implementation deadline

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.

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What is really the importance of e-invoicing to improve company’s O2C process?

May 20, 2014  |  Adoption, Electronic Invoicing, Europe

E-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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UK E-invoicing Debate Takes Off after a Government Inquiry Report [download]

UK E-invoicing Debate Takes Off after a Government Inquiry Report [download]

A UK Government Inquiry Report into e-invoicing was recently launched by members of parliament, to look at how the technology could save the UK public sector money by enabling more efficient procurement and payment processes.
The report explores the benefits and barriers of E-Invoicing, how it is currently used in the private sector and in other countries. It proposes a series of recommendations that could be implemented by policymakers to encourage greater adoption.

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eFinans is the first Turkish member of EESPA

eFinans has been admitted as the first Turkish member of EESPA (European e-Invoicing Service Providers Association) by EESPA Board decision of April 11, 2014. eFinans aims to strengthen its ties with its European peers in order to be ready for crossborder e-invoicing which will soon come into force in Turkey. eFinans' system experience and banking culture inherited form its parent's decades-long experience is ready to propel Turkish companies and their global trading counterparts.

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It is time to accelerate towards full digitisation [Opinion]

April 25, 2014  |  Electronic Invoicing, Europe

With the EU Parliament's approval of a European standard for e-invoicing in public procurement, we got one step closer to the creation of a true digital single market in Europe. Now, it is time to accelerate the journey towards full digitisation, writes Martin Hurley in his article "Removing barriers to e-invoicing" at EurActiv.
Martin Hurley is the vice president and general manager of outsourcing services at Ricoh Europe, a technology company specialised in office equipment.

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Late Payments Directive, all bark and no bite?

Late Payments Directive, all bark and no bite?

April 23, 2014  |  Europe, Legal, Payment

In 2013 the European Late Payment Directive came into effect. It allows EU companies to maximise their payments period to 30 days. Only with mutual consent can contracting parties increase the payment period to a maximum of 60 days.
Sounds nice. But in the B2B and B2SME sectors the Late Payments Directive seems to be all bark and no bite. What is going here?

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