The European Commission has published today the report of expert group on e-Invoicing. The group was mandated to design a European e-Invoicing framework, to contribute to the uptake of open and interoperable electronic invoicing solutions within the EU. Particular emphasis was put on the needs of Small and Medium Enterprises (SMEs). The report, which does not necessarily represent the views of the Commission, will be open for consultation until 26 February 2010.
e-invoicing, short for electronic invoicing, is the electronic transfer of billing and payment information, via the Internet or other electronic means between the parties - businesses, the public sector, consumers - involved in commercial transactions.
Compared to paper invoices, e-Invoices may offer huge advantages for companies - they are said to be easier to process, they reach the customer faster and can be stored centrally at very low cost. A recent report predicts potential annual benefits of up to €40 billion across Europe in the business-to-business field alone
Source and further reading: http://ec.europa.eu/enterprise/sectors/ict/e-invoicing/
May 16 - Ask Me Anything about the Spring 2024 IGIM Conference Season
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I'm pleased to announce that my next Ask Me Anything (AMA) session is
scheduled for May 16, 2024 at 12:00pm EDT / 10:00am MDT. The topic is the
Spring 20...
3 days ago
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