Download to read offline
Uploaded byOpusCapita
Webinar E-invoicing trends with Bruno Koch
The document discusses the current trends and standards in e-invoicing, highlighting the need for digitalization due to increased taxation compliance requirements in the EU. It emphasizes the transformation from manual to automated systems and introduces new technologies like blockchain and machine learning to enhance efficiency. Additionally, it covers the influence of legislation and local standards on e-invoicing practices across different regions.
More Related Content
Similar to Webinar E-invoicing trends with Bruno Koch
Webinar E-invoicing trends with Bruno Koch
- 1. E-invoicing Trends and Standards OpusCapita| Espoo 04.4.2018
- 2. Agenda 1 Market Developments& Requirements Trends in Infrastructure & Standards Q&A 2 3
- 3.
- 4.
- 5. E-INVOICING TRENDS AND STANDARDS April2018 Bruno Koch
- 6. © Billentis, BrunoKoch - Reproduction is authorised provided the source is acknowledged.06.04.2018 >40% 20-40% <20% B2B/B2G/G2B European e-invoicing status & trends page 6
- 7. © Billentis, BrunoKoch - Reproduction is authorised provided the source is acknowledged. Combat against tax evasion results in new digital requirements „Brussels, 28 September 2017 EU countries lost an estimated total of €152 billion in Value-Added Tax (VAT) revenues in 2015, according to a new study by the European Commission.“ Increasing burden of proof for businesses to avoid • Carousel fraud, invoicing between phantom partners • No invoicing or invoicing using wrong amounts • No supplies behind invoices • Smuggling or domestic fraud with physical goods 06.04.2018 Consequence: Requirement for digitalisation of almost all documents in the financial and physical supply chain. page 7
- 8. © Billentis, BrunoKoch - Reproduction is authorised provided the source is acknowledged. Digitalisation of Tax Reporting, Financial and Physical Supply Chain (1) page 806.04.2018 Physical Supply Chain, incl. Logistics and Customs Financial Supply Chain incl. E-Invoicing Electronic Tax Reporting Physical Supply Chain, incl. Logistics and Customs Financial Supply Chain incl. E-Invoicing & E- Procurement Electronic Tax Reporting Past: Future:
- 9. © Billentis, BrunoKoch - Reproduction is authorised provided the source is acknowledged. From gradual evolution to quantum leap page 906.04.2018 Sustaining improvement with manual paper processing Digitisation Automated E-Invoicing Business Process Automation Disruptive Innovation Emerging Technologies Invoice Processing Costs DegreeofAutomation
- 10. © Billentis, BrunoKoch - Reproduction is authorised provided the source is acknowledged. page 1006.04.2018 • E-invoicing holistic business & tax process automation • Paper based systems & processes Disruptive innovation • Emerging next-generation technologies Cloud Aggregation Platforms, Cloud Service Brokers Robotic Process Automation, automate 50% of back- office processes Machine learning Advanced Analytics Blockchain Internet-of-Things From gradual evolution to quantum leap Reactive approach 3 - 5 year digital strategy and step-by-step implementation
- 11. Audience Poll • Whatis the status of your digital readiness regarding compliance with the new EU regulations? • 1) already implemented, • 2) currently implementing, • 3) haven’t started yet, • 4) I don’t know 6.4.2018 OpusCapita / Karoliina Haikonen11
- 12.
- 13. What is Drivingthe Trends in e-invoicing? Legislation process Global and consolidated Business process Local and fragmented Efficiency Cost per user Cost per transaction Public revenue Visibility Process Archive Invoice lifecycle Clearance (Real time controls, ex: Lat-Am, Asia, Russia) Post Audit (Audit years later, ex: EU, Australia) Two main legal approaches in the world Issuing, format, infrastructure Archiving, format,
- 14. MESSAGE FORMATS ZUGFeRD X12 UBLFinvoice EDIFACT ISO20022 UN CEFACT Fattura E How Does E-invoicing Work? Sales Customer Satisfaction Compliance Cost Supplier Cost Automation Compliance BuyerINFRASTRUCTURE Peppol RosettaNET Email Webservice X400 National IDENTIFICATION DUNS IBAN GLN VAT ID ORG LEI To whom? How? Business process What?
- 15. Trends and Developmentsin Infrastructure Driven by strong buyers or local legislation • Easy to manage and regulate • Requirements per country influencing the way of working in particular country • Fragmented way of working • Mainly support for B2G traffic SUPPLIER BUYERBUYER SUPPLIER SUPPLIER BUYER Service Provider Service Provider Service Provider Four Corner • 163 Certified Access Points,16 EU countries, plus Canada and USA • 9 PEPPOL Authorities • More than 100.000 entities receive PEPPOL BIS invoices • 264 OpenPEPPOL members from 27 countries Standardised interoperability infrastructure supporting the whole business process flow Support for both - B2B and B2G traffic SUPPLIER BUYERBUYER SUPPLIER SUPPLIER BUYER Service Provider Service Provider Three Corner
- 16. Trends and Developmentsin Standards EN 16931-1 driven from Directive 2014/55 Electronic Public Procurement (CEN TC 440) Locally driven standards – public Sector mandated EU - Spain, Italy, Slovenia etc Lat-Am – Mexico, Chile, Brazil etc Others - Australia etc Industry standards
- 17. What do targetto?Format – 2-3 global standard syntaxes, different country syntaxes will remain Real-time economy – Clearance process Four corner model Full enforcement
- 18. Audience Poll • Doyou use Peppol as part of your billing or supply chain network already today? • Yes, I send invoices to my customers via Peppol network • Yes, I receive invoices from my suppliers via Peppol network • Yes, I do both – send and receive invoices via Peppol network • No, I have not used Peppol network as of today • What is Peppol? 6.4.2018 OpusCapita18
- 19.
- 20.
Editor's Notes
- #7 I mention by the way that these countries are of course using standards, yet or soon in line with the European Norm
- #11 Paper invoices with 160 years history; todays systems and processing focussed to this. disrupt, re-engineer, structure in modular cloud components RPA: automate repetitive and rule-based processes, which are usually performed by humans Machine Learning: deal with judgement-based, complex processes and problem-solving give machines access to data, and let them learn for themselves recognize patterns, and build their own business rules using learning algorithms Analytics: Invoice content Anomalies, e.g. items higher than the normal price, or price differences between identical products Incorrect tax allocations Tax compliance Contract and policy compliance Real-time spend analysis Intelligently classified with drill-down options Price fluctuations Real-time and historical price variance analysis Benchmarking, comparison with the industry average Payment terms DPO Early payment discount rates Business trends and predictive analytics Detecting and avoiding fraudulent invoices Pre-req is big data