Electronic invoicing

A discussion and guidance on the path to full scale adoption of electronic invoicing by corporates, goverments, SME's and consumers, creating savings up to € 60 billion in 2020. With a focus on: trends, business models, processes, technology, and legal issues.

Prasenjit Das Senior Director at Virtusa

Electronic Trade Documents Reform - A Successful Model and Lessons Learnt

Lessons for Banks The Unified Payment Interface (UPI) which effects money transfers across Banks in India and developed by the NPCI has been duopoly of two FinTech- Google Pay & PhonePe. Ironically NPCI was set up by India’s’ central Banks & a consortium of Banks including Citi Bank & HSBC. Inter Bank payments which otherwise is someth...

30 December 2022 /wholesale

Jussi Karjalainen CEO at Valtatech

How does Peppol e-invoicing work and how will it help Australian businesses?

E-invoicing is not a new concept, and electronic invoices have been around for a while in several different formats, standards, and names - all claiming to connect buyers and suppliers digitally and more efficiently. The issue was that many e-invoicing systems were expensive and time consuming to set up. This meant that it was only something large ...

14 December 2021 /payments

Jussi Karjalainen CEO at Valtatech

How can Australian businesses protect themselves from invoice fraud?

As Australia continues to slip in and out of lockdowns business continuity continues to be tested. While business leaders battle to try and not just survive the pandemic, but thrive, groups of highly sophisticated scammers are seeking to exploit the pandemic and scam businesses out of their hard earned and much needed cash. According to the ACCC’s...

05 October 2021 /security /crime

David Cocks Founder and CEO at CloudTrade

Continuous Transaction Controls (CTCs): What businesses need to know

Even though the UK will not be adopting them any time soon... Contrary to what you might expect the founder and CEO of an e-invoicing business to say, the UK will not be adopting continuous transaction controls (CTCs) any time soon, and that is a good thing. However, CTCs are being implemented by many of the UK’s trading partners in Europe and ac...

05 August 2021 /payments /regulation

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

e-Banking and e-invoicing growing to 100 pct

Central Bank statistics in Finland reveal continued growth in both e-banking contracts and its use for e-invoicing Consumers signed up: 2015: 6,230 million (entire population is 5,5 - so many are paying for service in more than one bank). 4,0 million use e-invoicing. 2016: 6,427m - out of which 4,1m use e-invoicing. 2017: 6,410m - out of which 4,3...

11 September 2019

Paul Dawson Researcher at NHS

Making Tax Digital Monday and Brexit Friday

This financial year will be long remembered. Every company that has a turnover of £85000 or more will need to digitally return their VAT returns as of April this year. Companies over the VAT threshold (with a few exceptions for those with complex needs) will be required to use the Making Tax Digital (MTD) service to keep records digitally and use ...

27 February 2019

Paul Dawson Researcher at NHS

Electronic Invoicing and Dinosaurs

Much has been said about the benefits of electronic invoicing. The cost and resource benefits for companies is well known, the contribution to reducing the VAT Gap is coming to light (just look at the recent Italian Mandate) and weighed down by the burden of manual processing they increase staff morale. There are, of course, many others. One area,...

24 February 2019 /payments

Paul Dawson Researcher at NHS

The Supplier is Key to the Electronic Invoicing Movement

My mum made me tidy the house regularly. (And I mean tidy.) One of my early initiations was my briefing on how to wash up. I was instructed - very carefully and precisely - on which pot, plate or pan to begin with, which implement to use, how to dry, which towel to use and which cupboard to store them in. All to be done in batches of ten. I was 7....

08 February 2019 /payments

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

10 years ago already - it takes time..

Wrote this in 2008: Mr Somebody Else will not do it We know that the best possible thing we can do right now in the area of digitalization and productivity is to get rid of paper based invoicing - move to structured formats (not e-mail). Savings are massive - to say the least, the environment needs it (2,8m tons of CO2 to be eliminated), learning n...

07 January 2019

Steve Britton Client Services Director at CloudTrade

Electronic Invoicing in the UK Public Sector, post Brexit

Electronic Invoicing in the UK Public Sector, post Brexit – how close are we to achieving a digital government? It has been over 4 years since the UK Government’s enquiry into electronic invoicing (‘e-invoicing’) in the public sector, and the report that was published shortly afterwards. But where are we today? Are the benefits to e-invoicing fully...

03 January 2019