Ledes Conversion Utility Manual Paper Processing

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Executive Summary Introduction The purpose of the Report Methodology Terms and definitions The market Global market volume and value Volume of invoices and invoice-like documents Value of the e-invoicing market Evolving market models Overview Supplier Direct Model Buyer Direct Model Direct Model as a Service Network Model Hybrid Model Different forms of clearance models for e-invoicing and e-reporting The global landscape Market maturity Current optimisation focus of geographical regions Asia Pacific region Africa North America Latin America The European Market Market characteristics and development The Business-to-Business Business-to-Government market The Business-to-Consumer market Supporting initiatives Significant market transition lies ahead Catalysts for a new era Regulatory requirements catapult market into new dimension VAT gap as main accelerator for the digitalisation of all fiscal documents Electronic reporting of invoice data and other fiscal information Digital link between virtual and real world Private industry evolution Trends to increase business agility E-procurement and automation of business processes Improve the data accuracy of tax-relevant documents Emerging technologies Current issues, and the need to act on the part of end-users and solution providers Blockchain as the next game changer Cloud Aggregation Platforms Robotic Process Automation Machine learning Advanced Analytics Improvement from pure transactions towards measurable values Solution providers challenged by diversified demand Need to change from a reactive to a proactive approach Organisations with the aim to automate business processes Solution providers B.

Ledes Conversion Utility Manual Paper Processing

Koch, Billentis Page 3 4 3.8 The time is right for the transition How to be successful with your project From gradual evolution to innovative business process automation Evolution steps Sustaining improvement with manual paper processing Digitisation Automated e-invoicing From the scratch to the rollout Define the best Scope for your organisation Know your environment Know the capabilities constraints of your trading partner Choose the appropriate migration strategy Scenario for internal implementation Potential involvement of third party solution providers Compliant rollout model for your counterparts Potential barriers and how to overcome them Roadmap Project Checklist Success factors and benefits Success factors Benefits and Business Case The e-invoicing opportunity Featured Sponsors B2BE B2Boost S.A Babelway Basware Canon Cegedim e-business CloudTrade Comarch Coupa Software crossinx Digital Planet DOCPROCESS EDICOM efinans e-logo Esker FIT Solutions Global Healthcare Exchange, LLC (GHX) Gosocket Indicium Solutions INPOSIA JustOn Netsend Ltd OfficeTorque FRM OpenText OpusCapita Order2Cash SEEBURGER AG TrustWeaver Tungsten Network UnifiedPost Vereon B.

Appendix A: Tax compliant e-invoicing in an international environment Legal acceptance of electronic invoices The fundamentals: be prepared for technology-focused requirements Categories of e-invoicing requirements Judging a platform or software vendor s compliance readiness E-invoicing in the European Union Which B2B compliance method is appropriate for organisations in the EU Appendix B: Glossary, Sources Glossary Sources B.

Executive Summary Before the turn of the century, there were less than 15 specialised e-invoicing service providers worldwide.

Soon may the number of network operators reach We estimate that the size of the global e-invoicing and enablement market in 2017 is Euro 3.3 billion, and that it will reach approximately Euro 16.1 billion in The private industry was the main driver for the market development in phase one; however, it is now being increasingly supported by the governments.

The VAT gap becomes more and more the main accelerator for the digitalisation of any business, fiscal, reporting, inventory, trade, and logistic documents.

The objective to significantly reduce the VAT gap cannot be achieved using models based on a voluntary participation with some incentives.

Hence, tax payers are increasingly required to use real-time clearance models.

In this case, organisations are required to exchange invoices via tax authorities, or to submit at least key invoice data in electronic format.

Latin American, Asian and some European countries with the largest tax collection challenges implemented the clearance model first.

The model might gradually conquer the world, and it is expected to be the dominant control method globally from It will eventually cover all kinds of fiscal documents, such as invoices, payment receipts, credit notes, debit notes, monthly salary statements etc.

On the positive side, e-invoices that are issued using clearance models reduce tax compliance costs by 8-39 compared to paper invoices.

Today s business models evolved through decades, which focused on conventional paper processing.

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