European Directive on Electronic Invoicing
European e-invoicing Standard
In 2014, the European Parliament and Council voted on Directive 2014/55/EU – on electronic invoicing in public sector procurement.
The objectives of the Directive are to create a standard that incorporates widespread e-invoicing adoption across the European Union.
It dictates that “EU Member States shall adopt e-invoicing so that it will become mandatory for all (Public sector) contracting authorities and their suppliers to receive and process e-invoices complying with the European standard, by April 18th, 2019”.
Public Sector bodies will be obliged to accept and process (in whatever way they choose) e-invoices by this date. Suppliers are not yet obliged to comply, however this will be implemented in the near future. All EU member states will implement the standard.
Standardising invoicing contributes to the removal of technical barriers to trade, increases market access and international trade, enhances cooperation at international level, and helps EU organisations to access global markets. The standard is designed for services as well as products, and this in itself opens a huge new market in the public sector and its supply chains.
Under the Connecting Europe Facility (CEF), EU funding is available to support e-invoicing activities. A European e-Invoicing project called “POOL-TSPs” has been approved and granted by the European Commission through the CEF e-Invoicing call.
The objective of POOL-TSPs Project is to upgrade 10 e-invoicing solutions (EDI providers across Europe, who are also certified PEPPOL Access Point providers) to comply with the European e-invoicing Standard. Celtrino are one of the 10 solutions selected.
Celtrino and the EU Standard
The EU Directive dictates that all EU public sector bodies have to accept e-invoices that comply with the European norm. However different individual EU nations have different nationally specific rules around e-invoicing, and these still remain valid.
To alleviate this, Celtrino have been selected by the CEF to upgrade its digital services infrastructure to support the exchange and processing of the European Standard for e-invoicing using latest eDelivery components including AS4 and SMP.
This enables organisations to trade effortlessly with any European public and private sector partners.
Using Celtrino as an e-invoicing partner ensures that regardless of the method used to digitally create and send the invoice, it can be easily converted into an e-invoice structure, and imported in to the buyer’s Accounts Payable application. The information in the invoice can be readily leveraged for business insights and Celtrino provide services to suppliers and buyers for them to capture these business insights
Celtrino provide instant visibility of all transactions, and enable users to react quickly to customer demands and access real-time data for better decision making.
Celtrino have 30 years’ experience in e-invoicing solutions.
To find out more, download our extensive guide on e-invoicing