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European e-Invoicing                                                                          Electronic Billing Platform

Global e-Invoicing

European e-Invoicing

In Europe, electronic invoicing is regulated by Council Directive 2010/45/EU, which affects all EU member states.

The EU directives broadly set forth 3 methods for sending electronic invoices that also ensure the authenticity and integrity of the generated document, as well as the electronic sending and reception of said documents:

  • Through an electronic data interchange (EDI) that guarantees the traceability of business documents.
  • By applying advanced electronic signatures to the invoice using electronic certificates and secure signature methods.
  • Alternative mechanisms (audit trails).

European model main features

 

Mandatory einvoicing  

Legal framework : Regulated by Directive 2010/45/EU, focusing on the need to guarantee the origin and authenticity of electronic documents.

   
Administrative procedures   Transposition: Each member state has developed its own legislation to transpose this directive to its own judicial framework.
   
Mandatory einvoice   Mandatory application: e-Invoicing in Europe was developed in a harmonizing spirit designed to potentiate the benefits of e-commerce between businesses. Consequently, the obligatory nature of its use in the B2B area has not been proposed in any member state.
   
einvoicing with the public administrations   Billing with the Public Administration: The vast majority of European states are implementing mandatory e-invoicing with their suppliers, in order to modernize their e-government systems and speed up collection times.
   
electronic signature   Prior administrative procedures: Customary requirements call for e-certificates issued by authorized bodies to validate the pertinent electronic document signature processes.
   
einvoice safekeeping   Format: In most cases the format in which the electronic document should be structured is standardized, with XML as the most widely used language.
     

White Paper: e-Invoicing situation in Latin America

Global e-Invoicing edicom video

News

04/10/2017

The EU-funded initiative Govein launches its second project, GOV2EU

The Govein initiative aims at enhancing e-Invoicing among the public administrations to ease the adoption of the e-Invoicing Regulation which comes into force in November 2018