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With EU nations shifting towards mandatory e-invoicing, businesses must adapt for growth, compliance, and global competitiveness. It's not just an option; it's a must. Join our webinar where I discuss this with Jeffrey Rajamani at Forrester to understand: 1️⃣ The essence of invoices & the digital vs. e-Invoice distinction. 2️⃣ Strategies to meet time-sensitive eInvoicing mandates. 3️⃣ Practical steps for EU's upcoming regulations. 4️⃣ Best practices in preparing data & processes for eInvoicing. Date: Oct 05, 2023 Time: 10:30AM - 11:05AM GMT So register here to join in the journey to help you stay ahead of the curve! https://lnkd.in/ec8m7994 Vertex Inc.

In the past conversations about eInvoicing and the US have always been... complicated. But all that, or at least *some* of that might be about to change. At the beginning of the month, representatives from the US and the EU held a meeting of the Trade and Technology Council, with the aim of generating better trade and technology cooperation. The meeting resulted in significant progress toward e-invoicing interoperability between the two regions, embracing what many consider to be the basic and essential foundations for broad adoption: • Connect once, connect with everyone • No roaming fees between Access Points (a gateway linking buyers, sellers and service providers) • Open exchanges where users are free to choose their AP As the broad business benefits pf eInvoicing become better understood, the technology is becoming the conduit for better governance, efficiency, ESG and more. #eInvoicing #interoperability #Finance #P2P

Great to see that this is moving in the right direction. Whilst currently there are no mandates for US companies this is not the same for the EU - if you are struggling to keep up and want an invoice automation solution that covers you for all the legislation and total interoperability - get in touch! #einvoicing

Yesterday, I was on a call with a mammoth of a conglomerate (over $30 billion in annual revenue). They're now in a rush to implement German e-invoicing compliance ahead of the 2025 deadline. This conversation made me reflect on two key points. First, why wait until the last minute to make such a critical change? It's crucial to take this seriously and start preparing now! Second, with various mandates emerging across Europe and globally, why implement separate solutions for each country? Why not choose a global player that can ensure compliance for each country as regulations evolve? This approach not only streamlines your invoicing process and enhances visibility on cash flow but also eliminates the recurring stress of adapting to new mandates every few years! Ready to ensure your business is compliant and ahead of the curve? Talk to Tradeshift today! Send me a DM! #EInvoicing #Compliance #DigitalTransformation

One week to go before our regulatory experts break down the latest e-invoicing developments! Join our webinar on 18 July to learn about changes in Estonia, Germany, Israel, Latvia, Singapore and Romania. Understanding these updates is crucial to staying compliant. Register now https://ow.ly/FihF50Sqfim #eInvoicing #TaxCompliance

🚨 Have you heard? The adoption of the 𝗩𝗔𝗧 𝗶𝗻 𝘁𝗵𝗲 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗔𝗴𝗲 (𝗩𝗶𝗗𝗔) 𝗽𝗮𝗰𝗸𝗮𝗴𝗲 was once again postponed at the #ECOFIN meeting on Friday, June 21st, despite amendments and compromises to the proposed text. While there was general agreement on two of the three pillars, including digital reporting requirements, 𝗘𝘀𝘁𝗼𝗻𝗶𝗮 𝗮𝗴𝗮𝗶𝗻 𝘃𝗲𝘁𝗼𝗲𝗱 𝘁𝗵𝗲 𝗱𝗲𝗲𝗺𝗲𝗱 𝘀𝘂𝗽𝗽𝗹𝗶𝗲𝗿 𝗿𝘂𝗹𝗲𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗽𝗹𝗮𝘁𝗳𝗼𝗿𝗺 𝗲𝗰𝗼𝗻𝗼𝗺𝘆. In order to move forward, the entire package needs to be approved together. 𝗧𝗵𝗲 𝗽𝗿𝗼𝗽𝗼𝘀𝗮𝗹 𝗻𝗼𝘄 𝗺𝗼𝘃𝗲𝘀 𝘁𝗼 𝘁𝗵𝗲 𝗛𝘂𝗻𝗴𝗮𝗿𝗶𝗮𝗻 𝗣𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝗰𝘆 𝗳𝗼𝗿 𝗳𝘂𝗿𝘁𝗵𝗲𝗿 𝗱𝗲𝗹𝗶𝗯𝗲𝗿𝗮𝘁𝗶𝗼𝗻. We remain optimistic that significant changes are on the horizon. 📰 Keep up with the latest e-invoicing and e-reporting requirements. Follow us for updates! ___ #einvoicing #ereporting #ViDA #VAT

🇪🇺 Electronic invoicing in Europe: 📢 #WebinarEDICOM In this #webinar, we will take a closer look at the lessons learned from the implementation of electronic #invoicing mandates in Italy and Romania to anticipate the challenges we will have to face in Spain, France, Poland, and other countries that have experienced delays in their obligations. We are happy to share with you the materials used in our most recent webinar: ✔️https://lnkd.in/ep4qQd-8 ✔️https://lnkd.in/eM_rET3X #eInvoicing #ComplianceEurope

💡Today during a dedicated webinar, together with Ellen Cortvriend (PwC Belgium) and Katalin Kauzli (Partnerhub Zrt). we discussed the #e-invoicing regulatory landscape, #ViDA updates, and how e-invoice data accelerates #factoring/invoice finance. ➡️By 2028, the majority of EU countries will enforce mandatory e-invoicing, with notable economies like France and Germany set to implement it by 2027-2028. ➡️The #VAT gap is the main reason for e-invoicing implementations. Reductions were seen in Mexico (50%) and Italy (11%) following implementation. ➡️Among #CEE countries, Hungary, Serbia, and Romania have already adopted e-invoicing, while Poland, Slovakia, and Croatia have set timelines for future implementation in 2025-2026. ➡️We do have global examples of when financial institutions and SMEs benefited from e-invoicing and the usage of structured e-invoicing data in financial processes. Two big SME lenders in India reported a 55% increase in credit limits and a 27% lift in revenues (Snapmint), and a 66% fraud cost reduction (Lendingcart) after receiving access to e-invoicing data and including it in the credit decision process. ➡️We published recently the use case from K&H Csoport on #API integration for retrieving e-invoicing data from the Hungarian Tax Authority (watch here: https://lnkd.in/dTxkYwKw) ➡️The trend towards e-invoicing is accelerating, with expected shorter time lags between implementation and accessing structured e-invoicing data. ➡️Financial companies should include in their development plans integration with e-invoicing data sources to be prepared to use e-invoicing data when it becomes available because the increase in volumes will be massive. Watch the full recording for more insights ↙️↙️ #einvoicing #invoicefinance #smefinance #WOAdigital https://lnkd.in/dD39qPNq

🧾📲 What does the future hold for invoicing? Discover the benefits of electronic invoicing and the challenges ahead for businesses. Across the EU, various systems for electronic transmission and invoicing are currently in place. The European Commission aims to have a reporting system for cross-border deliveries and services implemented by all member states by 2028. In Poland, the National e-Invoicing System is set to become mandatory from February 1, 2026. ➡️ What is #Insights? It is a selection of articles about ongoing topics from our service lines ⬇️ In this edition, we've compiled articles on electronic invoicing, offering insights into current regulations in Germany, Spain, Poland, France, Italy, Romania, Turkey, Finland, Estonia, Malaysia, Lithuania, China and Kazakhstan. Dive in for more 👉 https://lnkd.in/dggb_cwH Don't miss these featured articles from Poland: ➡️ Tomasz Balcerak "The role of e-invoicing in the digital transformation of organizations" 👉 https://lnkd.in/g3S8k4YH ➡️ Katarzyna Judkowiak "E-invoicing in Poland is the next step in the digitization of the Polish tax system" 👉 https://lnkd.in/g7qCzSNX #eInvoicing #electronicInvoicing #KSeF

📣News Alert! 📣 🇩🇪 Germany's B2B Electronic Invoicing Launches on 1.1.2025 🗓️ Today, on 22.3.2024, the German Bundesrat gave the green light to the German Growth Opportunities Act , marking a significant step towards digitalization across sectors. 📈 Amidst discussions on various aspects of the law, the focus centered on digital transformation. Ultimately, the law was adopted, setting the stage for electronic invoicing between domestic private businesses starting from 1.1.2025, with full implementation by 1.1.2028. 🤝 This decision stems from ongoing efforts to bolster the German economy and align with European standards, particularly in VAT procedures under the "VAT in the Digital Age" (ViDA) initiative. Exciting times ahead! 🚀 Taxera Technologies your Global Tax Technology partner. 🌎 #DigitalGermany #InvoicingRevolution #taxtechnology