It’s there! The first draft of the EEI Platform Activity Plan. It provides an overview of the activities and instruments that the EEI Platforms has scheduled to realise in 2009. The EEI Platform activity plan is publicly available for any organisation. On the one hand parties that are interested in and involved in e-invoicing, e-billing, […]

 
The European Commission organised an informal meeting in Brussels last October in order to get a clear picture about the current status, progress and implications of the convergence of the Universal Business Language (UBL) standard into standards developed by UN/CEFACT. A point of discussion was whether or not any actions - in addition to the ongoing […]

Stefan Foryszewski is co-founder & senior vice president at OB10.
The banking industry is rarely out of the headlines at the moment.  Every aspect of how banks conduct their affairs is coming under scrutiny as a result of the credit crunch and the ensuing global recession.
Some of this activity is right and proper - and more […]

E-invoicing has not taken off as fast as its proponents might have hoped, but the economic climate might give their efforts new impetus.
The European Commission estimates that the potential cost savings of e-invoicing in the business-to-business sector will be €238 billion. The European Association for Corporate Treasurers puts the figure at €243 billion. According to […]

 
To achieve basic standards of clarity and certainty in a taxation system, the incidence of taxation must be well defined. The tracking of indirect taxes such as VAT relies on invoices as the primary evidence of a commercial transaction. When business evolves by means of advance technologies, documentary evidence such as invoices must match these […]

An organisation can save 1-2% of their turnover by replacing paper invoices and optimising the related processes. Electronic and automated invoice processes can result in savings of 60-80% compared to traditional paper based processing. Thus the payback time on investments in E-Invoicing projects can be as short as six months.
In 2008, roughly 1 million European […]

Main view: to reduce burdens on business and to help Member States tackle fraud.
The European Commission today adopted a proposal to change the VAT Directive 2006/112/EC in respect to the invoicing rules, based on a Communication on the technological developments in the field of electronic invoicing. The aim of the proposal is to increase the use […]

The Observatory on Electronic Invoicing and Dematerialization was set up in 2006 by the Politecnico di Milano’s School of Management with the specific aim of demonstrating the inherent value of adopting electronic invoicing and document dematerialization processes and, in general, of digitalising the entire order-payment cycle. At the same time, the Observatory seeks to encourage […]

The creation of the CBI Consortium - Customer to Business Interaction, which replaces the Interbank Corporate Banking Association created by ABI in 2001, was approved on 20th of May 2008 during the ACBI annual meeting. The new CBI Consortium, established in Rome, was created to ensure an even more efficient management of Interbank Corporate Banking; this […]

This article is published in the weblog of Bo Harald (Head of Executive Advisors at Tieto).
This announcement will hopefully be issued in many countries - the many reasons for doing it are so very obvious - for anyone wanting to look at the good-for-society-at-large aspects.
But even when the simple and cheap tools are there we will need […]