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Fratini Passi Convegno CBI 2010


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Fratini Passi Convegno CBI 2010

  1. 1. CBI Conference 2010 – International Forum on e-InvoicingThe Italian experience about e-invoicing: the CBIcommunityLiliana Fratini PassiSecretary General - CBI Consortium Roma, December 3rd, 2010
  2. 2. CBI 2010 International Forum on the E-invoicing At the end of Chair: Liliana Fratini Passi the morning it will be drawnThe Italian experience about e- 2 Apple iPadinvoicing: the CBI community among theLiliana Fratini Passi, Secretary General CBI audienceConsortiumThe big Picture - Dematerialisation ofbusiness processesPeter Potgieser, Senior Consultant Industry The Pan-European Public ProcurementStandards RBS Online Project Federica Silvestrini, Manager Ministry of EconomyBeyond e-invoicing: integrating the and Financephysical and financial supply chainsAlec Nacamuli, Global Payments ExecutiveIBM CLOSING ROUND TABLE Chair: Carlo Alberto Carnevale Maffé,International Market overview and Professor of Strategic and Entrepreneurialtrends Management Bocconi UniversityBruno Koch, Director Billentis Panelist: Francesco Bellini, Chairman of TechnicalElectronic Invoicing in Italy: report Committee ANDAF Information andfrom the field Communication TechnologyAlessandro Perego, Scientific Director Andrea Benassi, Secretary General UEAPMEObservatory on Electronic Invoicing and Silvia Bianchi, Head of International TradeDematerialisation School of Management Services Intesa SanpaoloPolitecnico di Milano Gabriele Nanni, Purchasing Manager Renner Italia 2
  3. 3. Agenda The Italian experience on e-invoicing: the CBI community  The key benefits of e-invoice  The cost saving  The green saving  The European scenario of e-invoicing  The Expert Group on e-Invoicing deliverables  The standardization activities  The CBI Community  E-invoice in the B2B area  E-invoice in the B2G area  The interoperability in the international scenario 3
  4. 4. Why the e-invoice? The key benefitsAcross Europe, over EUR 200 billion of annual cost savingsThe potential to reduce CO2 emissionsLegal harmonisation among Member States…and more…  Liberation of resources for more productive work  Promoting innovation  Support the migration to SEPA (Single Euro Payments Area)  Reduce fraudulent invoicing by improving VAT controls 4
  5. 5. The cost saving Costs in EUR per transaction – example of a company with 5,000 employeesInvoice issuer/ Seller Remittances & Printing and Payment Document Sending Cash reminder archiving Management Paper Invoicing 3.90 € 0.50 € 4.50 € 2.20 € E-invoicing 0€ 0.40 € 3,00 € 0.80 €Invoice recipient/ Buyer Validation & Payment e Entering and Matching + Document Cash codification Dispute archiving Management Management Paper Invoicing 4.10 € 6.50 € 4.80 € 2.20 € E-Invoicing 0€ 3.20 € 2.00 € 0.80 € Souce: “e-Invoicing & EBPP” - Billentis 2009 5
  6. 6. E-invoice for the sustainable development 1,000,000 paper invoices require approximately 400 treesWith 30 billion invoices sent annually in Europe, e-invoicing can save significant amounts of natural resources.A 1% increased adoption of e-invoicing could lead to an annual reduction of tree usage of approximately 800,000 trees and towards reduction of CO2 emissions. 6
  7. 7. E-invoice for the sustainable development 10 million digital invoices…. ….will save 3 TeraJoule of energy….will save almost 200 tonnes of CO2 7 Source: Initiative from Dutch Ministry of Economic Affairs, by TNO, June 2010
  8. 8. The European market of e-InvoicingYear 2006 2007 2008 2009 2010# E-invoices 510 730 1,010 1,360 2,190In millions B2C: 250 B2C: 300 B2C: 400 B2C: 500 B2C: 925 B2B: 260 B2B: 430 B2B: 610 B2B: 860 B2B: 1,265Market 1.7% 2.4% 3.4% 4.5 7%penetration E-invoicing adoption in Europe and growth of e-invoicing in B2B and B2C segments (Source: DB Research & Billentis) 8
  9. 9. Expert Group on E-invoicing timeline and deliverables Conference in Madrid January 30 November 2 December 27-28 April 2010 2008 2009 2010 Set up of Official FINAL CommunicationExpert Group presentation of REPORT Reaping the benefitson E-invoicing consultation of electronic invoicing by EC final results (e-invoicing) for Europe 9
  10. 10. Main contents of Communication Four key priorities Ensuring a consistent legal environment for e-invoicing Achieving mass market adoption by getting SMEs onboard Stimulating an environment that creates maximum reach between trading partners exchanging invoices Promoting a common e-invoicing standard ACTIONS 1. Revision of the e-signature Directive 2. Competitiveness and Innovation Programme (CIP) 3. Code of Practice defined by CEN 4. Design implementation guidelines for a CII data model To facilitate the monitoring and implementation of these actions, theCommission invites Member States to establish national multi-stakeholder forum on e-invoicing by June 2011 10
  11. 11. e-Invoice standardization activities: who is doing what? EC Expert Group on e-invoicing (worked till November 2009)Definition of European e-Invoicing Framework(EEIF)Recommendations to standardization bodies Collaboration and convergence (see next slide) UN/CEFACT ISO20022 CEN Development of guidelines Development of Cross Development of Financial for standards Industry Invoice (CII Invoice standard implementation v.2 released on 30 Convergence with september 2009) Development of guidelines financial standards for interoperability Reference for Reference for integration with Reference for e-invoice model Financial messaging standard interoperabilityCBI Consortium takes part in all these groups in order to contribute to standardization, keeping CBI e-invoice standard aligned with international trends 11
  12. 12. Financial Invoice ISO20022 Convergence between UN/CEFACT standard and ISO20022 standard, as recommended by the Expert Group Integration between supply chain and financial chain Facilitation to manage payments and reconciliation activitiesCross Industry Invoice (CII): model for the Financial messages international (SEPA credit transfer, community Invoicing Financing Request, etc.) Approved on November 2010 ISO20022 Financial Invoice The Financial Invoice ISO20022 will be interoperable with SEPA payments and the ISO20022 Invoice Financing Request 12
  13. 13. Main CBI collaborations to support the standardization in e-invoicing area Main organisms involved CBI Stakeholder Forum Italian Working Groups eInvoicing Expert Group International Working Groups 13
  14. 14. The CBI community •Electronic connectionNetwork via a unique front-end solutionInfrastructure •End-to-end communication among actors •CBI Entry Point Service 680 Members: - FinancialInstitutions - Poste and IMELBusinesscommunity - PSPs >830.000 Users - Corporates - PA • Morethan 35 advanced services features, related to:Standardization ~1 mld - Payments and collectionsbody transactions /year - Document management - Reporting 14
  15. 15. CBI Network Infrastructure: service model CBI User CBI UserArea 1: Customer- Access Bank CBI CBI services services + Central Public + Administration (P.A.) Competitive Competitive services services Access Financial Access Financial Institution Institution CBI Gatewayarea - CBI governance for P.A. Area 2: Interbank Executing Financial Executing Financial Institution Executing Financial Institution InstitutionArea 3: Interbank area for C&S Clearing & Settlement User  User (E2E) Receiving Receiving Financial Financial Institution Institution 15
  16. 16. Functionalities and standards – Mapping of the main functions Upcoming CBI defines rules for over 35 remote banking services, red XML based whereof all the new ones based on XML/ISO standards blue SEPA compliantPayments and collections Reporting Document Management Credit transfer and checks • E2E sending/ receiving• • Structured statements non-structured documents• Pre-authorized collections (RID) • Portfolio statements• Non preauthorized collections • Advice of incoming • E2E sending/receiving (RiBa, MAV) structured documents (e- payments w/instructions invoice)• Tax Payment (F24) • XML Debit advice (Riba)• SEPA credit transfer w/ advice • Invoice Financing Request • XML Statements to debtor and creditor • “Intraday” account reports• SEPA direct debit (Core/B2B)• XML cross-border credit transfer• Creditor Payment Activation Req. CBI features and SLA  XML based  STP transmission  Process workflow  Digital signature  Zero latency  International interoperability 16
  17. 17. CBI Service value proposition: the value of process integrationSeller Integration Data alignment Order Deliver Invoicing Financing CPAR Payment Reconciliation 1 2 3 4 5Buyer CBI functions Business communities1 E2E e-invoice exchange2 Invoice Financing Request*3 Creditor Payment Activation Request*4 XML SEPA Payments5 Payment Status and Account Reporting 17 *Services registered in the ISO20022 Repository
  18. 18. E-invoicing in Business to Government (B2G) area 2008 Italian Financial Law: introduction of the e-invoice obligation in the B2G domain We are waiting for the publication of the Second Tax Agency Decree Public interchange system Internet Supplier Central Public Administrations Other channelsThe CBI could be a value added channel to send e-invoices to the Central P.A. 18
  19. 19. The interoperability and the creation of international business communities CBI could support the development of extended business communities acting as a gateway enabling the connection with international players Gateway CBI Proprietary CBI Infrastructure community Shared InfrastructureThe CBI role as a standardization competence center will support: •Interoperability of payment services •Creation of international extended business communities 19
  20. 20. Think global, act local Thank you