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Keywords: einvoicing, e-invoicing, electronic invoicing, Eurozone, EDI, electronic invoices, Umberto Zanini
Blog Post | 11 October 2012
Author: Anna Bowsher
Umberto Zanini, Director of Technical and Regulatory Research at the Observatory on Electronic Invoicing and Dematerialisation at the Polytechnic of Milan, thinks so.
As we draw nearer to the implementation date of the new e-invoicing directive (2010/45/EU) in January 2013, finance operations professionals are getting increasingly nervous about how this will affect invoice processing on a practical level.
While the directive aims to encourage e-invoicing, the explanatory notes reveal a more liberal approach: not only can companies use EDI, electronic signatures and business controls to ensure the authenticity and integrity of an electronic invoice, but they can use ‘any other technology or procedures’, as long as they meet the directive’s requirements in its entirety.
I spoke to Umberto Zanini, who in his recent paper, ‘The authenticity, Integrity and legibility of electronic invoices in Europe from January 2013’, argues that by adopting the directive without modification and adopting true electronic invoicing, many of the barriers to business in the EU will be overcome.
Zanini argues that e-invoicing can be a powerful enabler in 3 key ways:
Zanini admits that mandating e-invoicing, rather than recommending it, may be a drastic and pre-emptive move by the EU, but he believes it to be a genuine option within the next ten years.
How do you think the new directive will encourage e-invoicing in Europe?
White paper & report10.05.2013
White paper & report11.03.2013
White paper & report20.08.2012
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