E-billing with Generalitat Valenciana to be mandatory as of 1 July
Electronic invoicing with the public administration becomes mandatory in the Generalitat Valenciana six month earlier than in the rest of Spain, as of July 1st. As of this date, all suppliers (legal persons) of goods and services must use electronic billing in their commercial relations with the Regional Government and its autonomous bodies. This is stipulated in the third additional provision of Law 5/2013, published in the Diari Oficial de la Comunitat Valenciana at the end of last year.
However, in the rest of the country public sector providers will not be required to use e-invoicing until January 1, 2015. This is the legal deadline laid down in state law for implementation of the so-called Facturae, whose annual profit is estimated at 51 million euros.
The Generalitat Valenciana is a pioneer in the rollout of electronic invoicing in Spain. In 2010, the Ge-Factura was started up, an initiative developed using Electronic Data Interchange (EDI) technology from EDICOM. Through this platform, the Administrations integrate electronic invoices from suppliers into their internal information systems and accounting records, as required by the new law on promoting electronic invoicing.
This scalable solution, adapted to the requirements of current legislation, has paved the way towards a paperless Administration. The use of electronic building makes it possible to automate the receipt and processing of invoices, speeding up the administrative process. This way, management efficiency is enhanced, achieving higher productivity and cutting costs arising both from paper and the tasks involved in traditional management.