The Kenyan government has launched an online system for submitting and evaluating procurement applications in a bid. This is done in an effort to become more efficient and eliminate corruption. Subsequently the goal is also to slash long queues and processes that take time.
Read more »According to Nelly Maldonado, the management of electronic accounting files allows for better controls and greater confidentiality of information. He also believes that it will lead to an increase in productivity and competitiveness, as it allows users to better manage the financial information business, and leverage data to make strategic decisions.
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Circular 18/E of June 24, 2014 contains important clarifications and some simplifications to the electronic invoicing procedure. In particular, the Italian Revenue Agency has defined the concept of “business control” for the first time: a system to guarantee the main requirements of the authenticity, integrity and legibility of an electronic invoice.
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The e-invoice is fully valid in accordance with legal regulations, so corporate customers can use it for accounting or tax statement. Additionally, this system also stores invoices for the past 10 years, so customers can store, manage and print for use as necessary.
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Research makes clear that most of the pressure to adopt EDI comes from customers towards suppliers. Higher ROI is in second place. For SME suppliers this can be tricky. Big customer sets EDI as mandatory requirement to do business but technical understanding what EDI means practically and what the benefits of using EDI are not clear.
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Slovenian government, national chamber of commerce, tax administration and banks have agreed about the national e-invoice standard (eSlog XML), which is based on international GS1 standard with PDF visualization. So no UBL and/or PEPPOL here!
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Kerry Group is a leader in the food ingredients industry and has already been processing invoices electronically for 8 years (since 2006) in the UK and Ireland with Tungsten Network. As you all know, the Tungsten Network is the global trading network built on OB10 e-Invoicing.
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Tungsten has won a new contract with BT Group PLC under which it will provide electronic invoicing, purchase order services, and an invoice status service to BT’s global operations.
Tungsten and BT first signed an agreement to partner in 2003, when Tungsten was called OB10. The new contract extends the contract for Tungsten to provide electronic invoicing to BT’s entire global business.
The number of invoices has become unmanageable for Alpscontrols.com to deal with and a backlog of invoices built up.
A traditional e-invoicing solution wasn’t an option for Alpscontrols.com as many of their suppliers are unable to provide XML or EDI invoices and send PDF invoices instead. They needed to find a way to automatically extract the data out of these PDFs and entering it into their ERP system. And that is where CloudTrade came in…..
Scott Lewin, President & CEO, Invoiceware International: "We are pleased to have Krones AG utilizing our SAP Hybrid Cloud for Brazil Nota Fiscal to simplify compliance with the ongoing electronic invoicing challenges in Brazil including Nota Fiscal version 3.1. Multinationals are continuing to turn to the Invoiceware’s SAP Hybrid Cloud to maintain compliance, reduce support costs and limit the impact of the fiscal regulations on their global SAP® ERP systems."
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