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Archive for Standards

Recent developments on UBL standardisation [+free UBL conference]

October 8, 2014  |  Europe, Events, Standards

Things are moving in the European standardisation arena. Recently, the European MSP group has recommended to the EC that UBL be acknowledged as a European Standard. Also, UBL has been going through the paces for ISO standardization and some experts believe it also shouldn't be long before it is also an ISO/IEC standard. It is currently being scrutinised.

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LEDES: The globally recognised legal industry EDI standard for eInvoicing

September 11, 2014  |  Electronic Invoicing, Standards

LEDES Ebiling Version 2.1 is more than just an ebilling standard. Today there are five ebilling standards, and others for the exchange of budgeting and timekeeper information. Another standard is under development for the exchange of IP matter information. Most importantly, the LEDES standards are a globally recognized industry-specific EDI standard for eInvoicing.

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Ocean Freight Industry launches its own e-invoicing standards guidelines

The new guidelines from the Ocean Freight Industry EIPP Standards Advisory Board (SAB) focus on key handling processes and required data elements for invoice and credit note presentment, in order to help the ocean freight industry enhance e-invoicing efficiency and automation in global shipping. The newly released guidelines deal with: invoice processing, credit note processing and EDI messaging guidelines

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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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UPDATE: Towards a single standard for e-invoicing in EU public procurement. In 6 years. Wow

UPDATE: Towards a single standard for e-invoicing in EU public procurement. In 6 years. Wow

Commissioner for internal market and services Michel Barnier said the move to e-invoicing would “contribute to eliminating barriers to cross-border public procurement” and could generate savings of €2.3 billion per year across the EU. However as "it would take 3 years to deliver the standard and that would be followed by another 3 years to deploy it", this move to e-invoicing is way to late to help make the 2020 EU e-invoicing ambition a reality... It's time for mandatory EU e-invoicing.

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SEPA Direct Debit standard requires consent for new and standing orders

January 31, 2014  |  Adoption, Europe, Payment, Standards

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.

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EDI: bright past, how about the future? A fenix in disguise?

EDI (Electronic Data Interchange) is a document standard that is typically used in supply chain for exchanging purchase orders, order confirmations and invoices. Another field is logistics, for example third party logistics providers (3PL) and transportation.
Despite of this wide usage, quite often during last decade it has been predicted that EDI will die. To be more specific - EDIFACT will die and XML based EDI standard will take its place. What are the trends and expected changes in the EDI-world? Is EDI a fenix in disquise? Itella Information shares their experience and predictions.

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Four must reads on Brazilian and LATAM e-invoicing rules of the game

When it comes to legally compliant e-invoicing in Latin America, Invoiceware is your source to go to. Just as a few weeks they provided a series of articles on the rules of the game in Brazil and in Latin America. Such as the post on the latest version of Nota Fiscal (version 3.1), demanding all companies to be live with by the end of 2014. And this post "2014 Changes to Brazil Nota Fiscal – Challenge or Opportunity?" But also their post on how national government e-invoicing compliance affects a global SAP deployment. And last but certainly not least: "Avoiding Trouble When Doing Business In Latin America: Does Your Local Supplier Have Best Practices In Place?"

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EU proposes draft directive on e-invoicing in public procurement

The European Commission has issued a DRAFT directive on e-invoicing in public procurement. Accompanied by a EU communication setting out its vision for the full digitisation of the public procurement process (so-called 'end-to-end e-procurement'), the Commission estimates that the adoption of e-invoicing in public procurement across the EU could generate savings. Savings of up to a lousy €2.3 billion.
Yes, a lousy €2.3 billion. Because that is what The Netherlands can save with e-invoicing alone. That said, the press release states that this draft directive proposes the establishment of a European e-invoicing standardwhich is expected to improve interoperability between different, mainly national, e-invoicing systems. It will also help boost the uptake of e-invoicing in Europe which remains very low, accounting for only 4-15% of all invoices exchanged.

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Importance of Interoperability – key to e-invoice success

Imagine a situation where before calling to your friend you would need to first find out what GSM operator he uses. After that you would need to log in to your own GSM operator website and check if this operator has the connectivity to your friend’s operator. And if it doesn’t, you should take a pre-paid SIM card from your friends GSM operator, insert it into your phone and only then you can make a call to your friend. Extremely inconvenient, isn’t it? Now, it's time that e-invoicing is going to match the international mobile phone arena.

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