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CEN eInvoice Gateway and the Country Information Managers

September 27th, 2008 by in Featured Articles

After the completion of the first CEN/ISSS eInvoicing Workshop in 2006, a second phase of activities was launched at the kick-off meeting on 7 May 2007.

CEN/ISSS published in 2003 – upon request of the European Commission – a report on the standardization aspects of the VAT Directive (“the eInvoicing Focus Group”), and, the Commission subsequently issued standardization mandate M/339 […]

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BLOGPOST: Equal treatement on its way

September 26th, 2008 by in Uncategorized

Source: Bo Harald

Tax authorities took a cautious view towards e-invoicing in the first round. In some countries even cumbersome extra demands were put on this new practise and crossborder invoicing was made difficult and costly as regulation started to increasingly differ.

Then there was a question. Why should not sending and receiving paper and e-invoicing be […]

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PayStream Summit Wrap Up: AP Automation Inevitable by 2010

September 23rd, 2008 by in Uncategorized

As the dust begins to settle from PayStream’s first annual electronic invoicing summit, The Next Generation of E-Payables: Electronic Invoicing and Supply Chain Finance, and before I go back to work on our Spring Summit 2009, I thought I’d take a few minutes to reflect on the week’s events.

The inspiration for the Summit was PayStream’s […]

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Funds industry standards could be years away, says Clearstream

September 22nd, 2008 by in Uncategorized

Interoperable standards between banks, fund managers and their intermediaries could take decades to emerge, according to European clearing and settlement body Clearstream.

The funds distribution process is typically viewed as being one of the least automated in the financial industry with faxes still widely used in the transaction process.

According to Tilman Fechter, executive director, Investment Fund […]

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September 18th, 2008 by in Adoption, Publications

…and ensure yourself of the latest developments on e-invoicing and complementary domains, such as credit management and payments.

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4th eBIF Conference ‘e-Business interoperability practice’ in Utrecht (NL)

e-Business interoperability practice: examples, impacts and standardization challenges’ 

Day 1 – 8 December 2008
Programme starts 10.00

Opening by Peter Potgieser, ABN AMRO, Chairman CEN/ISSS e-Business Interoperability Forum and Equens speaker

Keynote: ICT standardization and eBusiness policy developments
Costas Andropoulos, Head of Unit, European Commission, Enterprise and Industry Directorate General

Practical examples papiNet implementation and deployment practice
Tom Meniga, Managing Director, Freecom

eBIZ-TIC […]

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Microsoft treasury pushes on with ISO20022 project as banks slow progress

September 18th, 2008 by in Uncategorized

The migration of Microsoft’s treasury onto the XML-based ISO20022 messaging standard is likely to be a multi-year, ongoing initiative, according to a treasury manager at the software giant.

Microsoft’s treasury would like to migrate all of its financial messaging onto the XML-based standard, however the tardiness of banks and their own adoption of the standard for […]

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Joint initiative to create a European e-invoicing solution

September 18th, 2008 by in Adoption, Electronic Invoicing, Publications

Today, at SIBOS, ICBPI Group (Italy), Isabel (Belgium) and Equens (the Netherlands) announced that they will be joining forces in e-invoicing. The main goal of the founding partners – ICBPI and Equens – for this international initiative is to establish an open, multi-party, cross-border European e-invoicing network. The network must gain practical experience and actively […]

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E-invoicing implementation hampered by regulatory compliance requirements in Europe – study

September 17th, 2008 by in Uncategorized

A survey presented at the Swift International Banking Operations Seminar (SIBOS) taking place in Vienna 15 – 19 September shows that European companies are held back from switching to electronic invoicing by complex regulatory compliance requirements and legislation.

The survey found that despite the multiple advantages electronic invoicing offers for business owners – cost-effectiveness and more […]

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E-invoicing could help businesses cut costs as they brace themselves for recession

September 17th, 2008 by in Uncategorized

The technology is moving to the mainstream as the European Commission pushes it as part of its drive to cut costs in supply chains.

The Corporate Action on Standards project, set up by the European Payments Council, said that e-invoicing allows companies to cut the average EUR30 cost of processing a paper invoice by 80%.

Businesses that […]

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