E-invoicing 2008
European market description and analysis This 119-page document brings together in a single reference guide a description and analysis of the current European landscape for e-invoicing
E-INVOICING 2008: European market description and analysis
This 119-page document brings together in a single reference guide a description and analysis of the current European landscape for e-invoicing. Its emphasis is on high level trends and facts and on the identification of key realities and analytical conclusions within a coherent framework. The focus of this document is invoicing and e-invoicing in the European Single Market and therefore the document contains limited references to international trade procedures.
CONTENTS
Preface .3
Purpose of this document..5
Contents ..6
Management summary 9
Findings ..9
Considerations for the future. 13
PART 1: MARKET DESCRIPTION
1 Introduction 15
1.1 Introduction to traditional invoicing 15
1.2 Introduction to e-invoicing .. 21
2 Current status of e-invoicing 28
2.1 Overall dimensions 28
2.2 Invoice users 30
2.3 Key areas of e-invoicing focus . 32
3 Service models and solutions 38
3.1 Service models.. 39
3.2 Exchange models .. 41
3.3 Service provider pricing and business models 42
4 The landscape in Europe: country, sector and supporting initiatives 43
4.1 Country overview . 43
4.2 Sector initiatives (selective) 47
4.3 Standards initiatives. 49
4.4 European Commission initiatives . 53
7 - Contents
E-invoicing 2008 - EBA and Innopay
5 Drivers and enablers . 54
5.1 Public policy . 54
5.2 Cost savings .. 54
5.3 Quality and efficiency gains from technology and dematerialisation .. 55
5.4 Single Euro Payment Area (SEPA) 55
5.5 Financial management benefits .. 55
5.6 Improved customer relationships 56
5.7 Environmental benefits 56
6 Issues and inhibitors. 57
6.1 Commercial and strategic barriers.. 57
6.2 Legal and VAT issues 58
6.3 Trust and operational issues 58
6.4 Standards . 59
6.5 Business and cooperation models 60
PART 2: MARKET ANALYSIS
7 Analytical framework 62
7.1 Defining the end-to-end trade process (the context of invoicing) . 62
7.2 Defining the invoicing process . 66
7.3 Defining the invoice . 68
8 Analysing the end-to-end trade process . 71
8.1 The end-to-end trade process needs to include contracting and taxation .. 71
8.2 Important distinction to be made between the entity domain and the exchange
domain .. 72
8.3 Segmentation of exchange services inhibits mass adoption of e-invoicing .. 75
8.4 Invoicing is the pivotal process in the end-to-end trade process.. 77
8.5 Mapping initiatives: a holistic approach on systemic level is necessary .. 79
Contents - 8
E-invoicing 2008 - EBA and Innopay
9 Analysing the invoicing process 81
9.1 The invoicing process needs a clear beginning and a clear end 81
9.2 An open address space and exchange model is key for mass adoption. 82
9.3 Important operational impacts of electronic signatures, but their application is
unclear . 84
9.4 Legal uncertainties in the storage and archiving of e-invoices hinder innovation 86
9.5 E-invoicing does not automatically lead to reduced costs or cycle times . 87
9.6 Mapping initiatives: a holistic approach at process level is essential .. 89
10 Analysing the invoice message. 91
10.1 Dematerialisation of the invoice has led to multiple instances 91
10.2 The e-invoice needs to contain more information than is currently being
addressed.. 92
10.3 The invoice document contains a generic and an industry specific part.. 93
10.4 Mapping initiatives: current initiatives are too limited in their focus.. 94
ANNEXES
Annex I: Glossary . 96
Annex II: References . 108
Reference list. 108
Internet sources .112
General Internet sources ..113
Annex III: Summary of European Union Informal Task Force Final Report 115
Annex IV: Participants in the review panel 118
Annex V: About the editors and publishers 119
Price: FREE
This is a download product
e-invoicing_2008_v1.0.pdf
