Irish Public Sector Bodies must be compliant to receive invoices electronically from their suppliers, as part of European Directive
This year, a new EU Directive on electronic invoicing (e-invoicing) was implemented, that mandates European public sector bodies to be compliant in order to receive and process e-invoices from their suppliers.
The deadline for compliance for non-central government agencies such as universities, schools, hospitals, charities and other public funded bodies, is 18th April 2020.
Here is a sample list of Irish public bodies that must be compliant by 18th April next year:
|Education:||Higher Education Institutions|
|Schools (non ETB)|
|Section 38 Agencies|
|Section 39 Agencies|
If you are unsure as to whether this applies to you, contact us and we will be glad to help.
Celtrino is the preferred framework provider for e-invoicing to this sector. Over the coming weeks we will be working closely with you to ensure your compliance with the directive.
Celtrino and the EU Directive
In early 2019 Celtrino were selected by the Irish Office of Government Procurement (OGP) as the exclusive provider of e-invoicing services to the Irish public sector. We have already successfully enabled the Irish central government agencies to receive e-invoices prior to their deadline of the 18th April 2019.
Celtrino have 30 years’ experience in e-invoicing solutions. We were selected by the Connecting Europe Facility to upgrade our services to support the e-invoicing directive, to enable organisations to trade effortlessly with any European public and private sector partners, using a single format. Users do not need to adjust their sending practices to connect with different trading partners.
The Benefits of e-Invoicing
According to DIGIT there are over 150,000 e-invoice receiving organisations connected across 20 European countries.
Ireland has a predicted e-invoicing market adoption rate of up to 40% for 2019, which is in line with the European average. According to CEF Digital, in excess of 4 million invoices are processed by the Irish Public Sector each year, of which an estimated 90% have been paper invoices up until this year. The cost of processing a paper invoice can be up to €17 to a public sector buyer.
Depending on the level of automation, moving to electronic invoicing can generate savings of between €4 – 12 per invoice. An estimated €920 million in savings has already been recorded over the last three years through e-invoicing. Many users have been able to reduce invoice processing costs by 50-75%, with a return on investment of over 60% per annum.
Going beyond compliance with the directive delivers significant business benefit to both public sector buyers and to the supplier community. These benefits derive from standardisation in format, process and connectivity. Connect once – connect to all is the new reality!