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Bo harald. expert group of e invoicing

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  • Ladies and Gentlemen, I would like to start by thanking our hosts – the Spanish presidency and the EU Commission for organizing this – by far most important e-invoicing conference this year. I am very pleased and proud to have the opportunity to present the results of the Expert Group on e-Invoicing. Two years of hard work – 24 meeting days, innumerable telephone conferences and documentation work resulted in a very unified view on how e-invoicing should become the key to higher productivity and a new milestone in the progress towards a Single Market. This conference represents two important milestones – the end of the beginning with the Final report of the Expert Group – and I am sure we will all agree when we conclude tomorrow the beginning of the end-game – full migration to electronic invoicing and the multitude of rational administrative practises that enables.
  • 65 percent of business turnover – baking the cake for any welfare state – is coming from SMEs – and the potential for improved productivity in this sector is immense – focus on business instead of complicated and stressful administration

Transcript

  • 1. Results of the EC Expert Group on e-Invoicing Bo Harald Chair EC Expert Group on e-Invoicing
  • 2. Expert Group on e-Invoicing - Mission
    • Defined in Commission Decision of 31 October 2007:
      • Identify shortcomings in current regulatory framework
      • Define e-Invoicing business requirements
      • Address relevant e-invoicing data elements (and linkages)
      • Propose responsibilities for standardisation bodies and time schedule
      • Propose a European e-Invoicing Framework - a common conceptual structure
  • 3. Results
      • Awareness of fundamental
      • importance of e-invoicing for:
      • Competitiveness of EU enterprises
      • Cost savings in public sectors
      • Service innovations
      • Learning
      • 2. Recommendations
      • 3. Next layer visibility
      • e-Invoicing is not dematerialization
      • only – but an enabling platform for
      • automating administrative processes at
      • large – a new paradigm
  • 4.
      • Value of information in structured form apparent
      • Productivity improvement potential – 250bn > business case for service providers and customers (Deutsche Bank Research report – 54bn€ pa in Germany alone)
      • Demographic challenges – liberating for more productive work much needed
    Reasons for fast adoption
  • 5. Dilemma nbr 1: EU workforce nose-diving Digitalization key to automation. Productivity improvement potential 250bn with e-invoicing Automation liberates much needed resources for productive work Automation leads to real time completion of processes 2020 35 million smaller 25 m larger
  • 6.
      • 4. SME-opportunities
      • (i)“eliminating” half of administrative cost – less economy of scale disadvantages of being small
      • (ii) becoming integrated e-parts of value chains
      • (iii) improved cash flow, cheaper financing and real time visibility
      • 5. Very large savings and service improvement potential in public sector
    Reasons for fast adoption
  • 7. 2. Key Recommendations
    • 1: Meet the needs of SMEs as a priority focus.
    • 2: Harmonise and clarify the legal and VAT framework based on equal treatment of paper and electronic.
    • 3: Maximise interoperability and reach.
    • 4: All actors to adopt a common invoice standard and data model- the UN/CEFACT CII v.2.
    • 5: Establish an organisational process for implementation
    • of the EEIF.
    • 6: Widely promote and communicate the benefits.
    Prog ress made Banking sector could do more VAT-directive for equal treatment Much work needed Great progress in ISO EC to establish PAN-EU Multi stakeholder Forum and recommend member states to do same Much work needed in SME and public sector
  • 8. Time for EU to address the needs of SMEs
    • Small enterprises cannot afford to invest in advanced ERP systems
    • Small enterprises cannot afford to communicate in x number of standards to their counterparts
    • Small enterprises cannot afford to support connectivity to x number of counterparties
    • Service providers should take all this in account – provide the simplest interfaces
  • 9.  
  • 10. Equens, IBM, Frauenhofer report
  • 11. More than dematerialization – cutting administrative costs in all dimensions
    • Very important to demonstrate full potential for SMEs:
    • Automated accounting
    • Automated and real time cash flow estimates
    • Automated and real time VAT
    • Automated invoice financing
    • Automated and unified reporting to public sector
    • All achieved by moving to e-invoicing.
  • 12. Target: Cut enterprise administrative cost in half
    • Build on DG Enterprise 25% target by 2012. 50% suitable next target for EC, Member state and MSH Forum. How soon? 2014?
    • This would speed up migration to e-invoicing and make it voluntary (deadlines for unstructured invoicing and transparent pricing still needed)
    • Corresponding cost saving and fraud elimination targets could also be set for report handling and supervision in public sector
  • 13. Summary
    • E-invoicing is just one step – but the foundation for wide scale automation of administrative processes
    • SMEs should be given more time for business – less for administration
    • Cutting administrative costs in half is possible
    • If we start now we may be ready by the time work force shortage sets in in earnest
    • The questions to ask:
    • Are we helping enterprises – aggressively enough?
    • Is the public sector acting in a model role
    • Should this not be the next milestone for the Single Market?
  • 14. Page 14 2006-03-23 3 approaches: “ Any hype will do” Early start: “Explorer” Late (re)start: “Panicky follower” “ Ice Age” “ Huge Ice Age”
  • 15. The future is not planned nor prognosed Thank you bo.harald@tieto.com, http://boharald. blog spot.com It is created !