On-boarding, the single biggest missing feature in EU e-invoicing legislation

On-boarding, the single biggest missing feature in EU e-invoicing legislation

March 31, 2014  |  Adoption, Electronic Invoicing, Europe, Uncategorized  |  Comments Off

Recently we received notice on an article published on the UK Treasury Today website. The title "A breakthrough for e-invoicing?" zooms in on the new EU Directive e-invoicing on public procurement and the fact the actual breakthrough for e-invoicing is the feature missing from the EU framework for e-invoicing. And that is: on-boarding.
For the article Treasury Today interviewed both Charles Bryant ( European Affairs Advisor for OB10) and (Richard Manson, Director and co-founder of CloudTrade)

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Introducing eFinans: the first and only finance solution for Turkish e-invoices

March 31, 2014  |  Electronic Invoicing, Europe, Featured Articles, Payment, Supply Chain Finance  |  Comments Off

eFinans,provides e-Invoice Integration, tailor-made e-Invoice support, e-Invoice archiving, e-Ledger application services – as well as online banking solutions through its e-Commerce portal in Turkey. Since Septem­ber 2013, com­pan­ies in Turkey have to com­ply to new mandatory require­ments in e-invoicing. Please click here to download and examine the detailed offering of eFinans, especially for BCCT (Britisch Chamber of Commerce of Turkey) members.

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Portugal makes use of certified billing software mandatory as from 1 April 2014

March 26, 2014  |  Compliance, Electronic Invoicing, Europe, Government  |  Comments Off

So, as of 1 April with the entry into force of Ministerial Decree nº 340/2013:

  • the obligation of compliant electronic invoicing solutions extends to all businesses issuing electronic invoices.
  • any company that do not use certified billing software, can be liable to penalties.
  • all software developed in-house by companies will no longer be considered valid, even if it follows the XML file construction criteria with inclusion of the fields deemed mandatory by the tax authorities.

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The adoption of B2C e-invoicing in the Nordics: Signs of improvement

March 25, 2014  |  Digitalisation, Electronic Invoicing, Europe, Invoice Automation  |  Comments Off

The success for the electronic invoicing differs from country to country in the Nordics and there are a couple of common reasons for that. It is no news that there has been, and still is, an increasing force in the market, driving away from business related communication on paper and instead moving towards “e”. In B2B this has been a reality for years but in B2C it’s a different story.

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How the EU directive on electronic invoicing in public procurement was born

March 25, 2014  |  E-procurement, Electronic Invoicing, Europe, Legal  |  Comments Off

EESPA was featured in the latest edition of the prominent 'Parliament Magazine' on the model interoperability agreement. Alongside an interesting two-pager on how the the EU directive on electronic invoicing in public procurement come in to existence. The article unveils that the most difficult part of the negotiations with the council was agreeing on the time period available to contracting authorities and entities before the standard is made mandatory. Definitely worth reading.

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Who processes 300 million electronic invoices this year? Atlas Products International does!

March 19, 2014  |  Electronic Invoicing, Europe, Featured Articles, North America  |  Comments Off

Just six months after purchasing Orbit UK (the insurance EDI and ebusiness specialists) the rapid expansion of Atlas Products International now processes a whopping 25 million eInvoices. Every month! That is 300 million einvoices processed a year.
Atlas has significantly expanded its eInvoicing activities and credentials in the UK, Ireland, the rest of EMEA and North America over the past 12 months, surpassing many of its competitors through the provision of their intelligent eInvoicing platform, combined with industry leading delivery and customer service.

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E-invoicing in the Yves Rocher Group: a large-scale project with immediate benefits!

March 18, 2014  |  Electronic Invoicing, Europe  |  Comments Off

The challenge was to adapt e-invoicing to client subsidiaries in France, with the aim to “go paperless”. The programme was first of all rolled out in the Yves Rocher France chain, which represents more than 600 stores, franchised Partners and managers, and an annual volume of 140,000 invoices and 60,000 payment notices.
Electronic invoicing here implied not two, but three key players: the Yves Rocher Brand, its store Partners, and their accounting firms.

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Frequently Asked Questions about E-invoicing in public procurement

March 12, 2014  |  E-procurement, Electronic Invoicing, Europe, Featured Articles  |  Comments Off

We were a bit in doubt whether we should write about a press release we just received in our e-mail inbox. Or whether we were to covertly tweet about it. It concerns the frequently asked questions about e-invoicing in public e-procurement. Similar to the explanatory notes on the 2010 EU e-invoicing directive here and here.
Though it does provide some clearance. However some things are still left unanswered. Like "what is an e-invoice?" or "What is de role of PEPPOL in this topic?". So in the near future we hope to unlock these also. But for now....here goes:

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Is PEPPOL a new driving force for EDI in Europe? Are EDI providers threatened?

March 10, 2014  |  Cooperation, Electronic Invoicing, Europe  |  Comments Off

Ger Clancy, IBM Strategic Outsourcing - Business Development and Top Contributor of our LinkedIN group posted this question. He can imagine that many customers are blissfully unaware of PEPPOL, as their providers are fearful that standardisation will make these customers mobile, and want to keep their golden geese to themselves as long as possible.
So what do you think. Does Ger Clancy have a point here?

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New EU regulation for electronic ID and trust services [related to einvoicing]

March 5, 2014  |  Compliance, E-procurement, Electronic Invoicing, Europe  |  Comments Off

On 4 June 2012, the European Commission proposed a draft Regulation on electronic identification and trust services for electronic transactions in the internal market. The Regulation is expected to be come into force on 1st July 2014 and will be directly applicable cross the EU from that date and is an important step for the development of e-commerce, e-invoicing and e-procurement.

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