All About e-Invoicing
I was recently invited to attend the Deloitte Indirect Taxation conference in Westminster, London. This is an annual event that brings together industry professionals to discuss indirect taxation matters and industry trends around invoicing and trade. While the conference covered a wide spectrum of subjects, from the recent EU white paper on the future of [...]
Read More»It is not news that buying on credit (open-account) dominates global trade. The International Chamber of Commerce (ICC) generally acknowledged that at least 80-85% of all global trade in 2010 was settled on open-account (OA) terms. When buying on credit the buyer takes on the supply risk and is obliged to “match” a purchase order, [...]
Read More»There are plenty of EU rules and regulations to help us understand what constitutes a compliant electronic tax invoice. EDI as a means to exchange electronic invoices is long-established and proven since 1994, but in some countries there has been confusion around how EDI provides tax compliance. In the past, companies would run an EDI [...]
Read More»It probably goes without saying that electronic invoicing has been around for some time now, but for different reasons it is only just beginning to ‘cross the chasm’ and become a mainstream finance activity. With many European governments and large corporates adopting e-Invoicing in 2012, some even mandating, there is increasing momentum for companies to [...]
Read More»The 2012 Billentis e-Invoicing / e-Billing market report will be released next week. Once again, GXS partnered this excellent report as an e-Invoicing solution provider. If you are interested in a pre-release copy, please feel free to email me at nigel.taylor@gxs.com. This year’s report continues with Billentis’ consistent advocacy for the compelling value of electronic [...]
Read More»Sometimes we receive accidental contact requests through our website, and occasionally the request deserves attention and we just can’t help but want to solve the problem. Two weeks ago, as our team was filtering the requests and routing them to the correct recipient, they came across one that demanded attention: “I just want to avoid [...]
Read More»How to implement electronic invoicing and comply with the different country requirements is a challenge. It isn’t easy for my customers to decide which technology solution is best to enable them to exchange invoices electronically, whilst maintaining adequate legal evidence to support the exchange. Electronic data interchange (EDI) and digital signatures have both been [...]
Read More»This past weekend I shared my thoughts on the likely changes to global trade instruments in 2012. Whilst Bank Payment Obligations and Supply Chain Finance will be popular topics in 2012, I think the fastest growing area of the financial supply chain will continue to be e-invoicing. However, the growth (on a percentage basis) in the commercial sector may [...]
Read More»As we start the new year one of the questions many are debating is what changes, if any, we will witness in the financial supply chain during 2012. In recent years there has been much debate about whether Open Account (OA) provides the optimal model for global trade. OA terms have dominated global trade for the last [...]
Read More»Electronic invoicing isn’t new; it has been around for over 20 years in the shape of Electronic Data Interchange (EDI). With the introduction of web-based portals, XML-based standards and digital signatures, many solution providers are promoting different means to achieve e-Invoicing and with companies processing ever increasing volumes of invoices – over 10,000 electronic invoices [...]
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