All About e-Invoicing
I think I have mentioned a few times now that electronic invoicing isn’t new and has been around some time in the form of electronic data interchange. A question I am frequently asked, and most recently by a UK government Minister, is if e-Invoicing offers such compelling cost savings and efficiencies, then why isn’t everyone [...]
Read More»Business leaders are increasingly taking the initiative on purchasing IT solutions within their organisations. The consumerisation of IT is becoming so advanced that Gartner predicts by 2017 even the CMO will be spending more on IT than the CIO. However, business leaders still require IT’s support if they are to meet their strategic objectives. CFOs [...]
Read More»The European Commission is replacing its controversial financial transaction tax (FTT), due to the fact that only 11 member states out of 27 support it. It will be replaced by a Business-to-Business transaction tax (B2BTT) due to be implemented April 1st, 2014. The FTT will be dropped and replaced with the B2B tax, proposed by [...]
Read More»How companies and pension providers report payroll and pensions is changing, HMRC are moving from filing returns on an annual basis to filing them before, or at the same time as wages are paid. From 6th April 2013 employers will have to report in Real Time Information, or as HMRC refer to it – RTI [...]
Read More»There are many reasons to be cautious when talking about trade finance growth in 2013. Back in January last year both the International Chambers of Commerce and International Monetary Fund predicted a dip in the demand for trade finance products. Many cited the lack of credit and liquidity for banks in some way due to [...]
Read More»I have often mentioned that electronic invoicing has been around for years, starting with electronic data interchange (EDI) and more recently with digitally signed documents and government specified systems (such as Brazil or Mexico). But for one reason or another, this very simple solution that optimises physical and financial processes offering compelling savings for both [...]
Read More»Earlier this year, GXS were interested in how European businesses are sending and receiving electronic invoices today and so we asked 200 of our customers across Europe to respond to a survey. The respondents were asked questions regarding their current e-Invoicing practices, particularly around how tax compliance is achieved, which methods are the most popular, [...]
Read More»I don’t know if you have noticed but the noise around electronic invoicing seems to be getting louder and louder every month! There also appears to be more and more new vendors entering the market, each with a ‘new’ view, and each with a voice. This must be very confusing for anyone trying to make [...]
Read More»Yes, you heard it here first folks. GXS has a new e-Invoicing service powered by racing pigeons..! Well, at least we might, if I can prove the business case to our executive team. While it may seem that I have perhaps, been working too hard, in reality it occurs to me that there is no [...]
Read More»I hope you all enjoyed the London 2012 Olympics. I was lucky enough to attend the Women’s Beach Volleyball final at Horse Guard’s Parade and the Women’s Football final at Wembley stadium. The atmosphere at both events was incredible and it was a privilege to see athletes competing at their best. So if you were [...]
Read More»Earlier in the year the GXS team offered their 2012 predictions in the world of B2B and I was asked for my perspective on e-Invoicing and trade finance adoption. We are past the middle of the year now, so let’s take a look at how these predictions are progressing… E-Invoicing Adoption So far 2012 has [...]
Read More»Last week HMRC released a technical note that explains the proposed forthcoming modifications to the existing UK VAT invoicing rules, reflecting the changes introduced by the EU Council Directive 2010/45/EU. Before I give my perspective, perhaps a little paraphrased pre-amble from HMRC will establish their position; “ The changes assist business by removing or largely [...]
Read More»In my previous blog I examined Ar iba’s history in B2B and how this may explain SAP’s acquisition, today I will consider what this high-level strategy could look like, what it means for SAP customers, and of course, what it means for Oracle… A B2B Strategy? On the face of things, Ariba looks like a [...]
Read More»In my previous blog I asked how SAP’s consolidation project may affect their customers, in today’s blog I will examine if SAP is now focusing more on B2B. Cloud, Collaboration, Supply Chain, B2B B2B e-Commerce is not new to SAP; Steve Keifer recently blogged how on SAP’s stake in Commerce One was dropped when they [...]
Read More»On Tuesday May 22, 2012 SAP’s subsidiary, SAP America, Inc., entered into an agreement to acquire Ariba, a cloud-based business commerce network, for $45.00 per share, representing an enterprise value of approximately $4.3 billion. It’s certainly interesting, but it leaves me, and many others it seems, with questions. What further complexity will this acquisition add [...]
Read More»
