The Commission-funded European Committee for Standardization (CEN) runs a number of activities on issues related to eInvoicing implementation.Ī series of informal meetings with representatives of standards organisations produced the report 'eInvoicing Standardisation Overview, issues and conclusions for future actions', September 2012 (291 kB).įollowing the adoption of the eInvoicing Directive 2014/55/EU and in accordance with the provisions of Article 3 within, the Commission issued a standardisation request (79 KB) ( annex, 92 KB) to the European standardisation organisations in December 2014. many potential users have concerns about the security of e-invoicing systems and the potential for misrepresentation in fraud.This makes their use in cross-border transactions within the EU difficult variation in national rules which govern the validity and acceptability of eInvoices in legal, financial and administrative terms.
#INVOICING MEME FULL#
This hinders the smooth transfer of an e-invoice from one place to another, and prevents the realisation of the full benefits and cost savings of e-invoicing eInvoices are produced in a wide range of formats and according to many different standards.reduced training and system development costs.Īt the same time however, eInvoicing faces obstacles such as:.quicker and cheaper processing as the information in electronic invoices can be fed directly into a company's payment and accounting systems.faster retrieval of money from customers by reducing the time an invoice or payment is in the post.Some of the main benefits from eInvoicing include: A report (5 MB) predicts potential annual benefits of up to €40 billion across Europe in the business-to-business field alone. Benefits and obstacles to eInvoicingĬompared to paper invoices, eInvoices are easier to process, they reach the customer faster and can be stored centrally at very low cost. It is open for use by the entire eInvoicing user community (all public administrations and private actors dealing with eInvoicing in Europe) to disseminate information, co-create the future and learn from one another. This collaborative space enables stakeholders interested in eInvoicing policy and market developments to exchange experiences and best practice on cross-border eInvoicing.
#INVOICING MEME CODE#
The European Commission supports eInvoicing through the Connecting Europe Facility (CEF) eInvoicing Building Block. approach for receiving and processing electronic invoicesĬonnecting Europe Facility eInvoicing Building Block.In the country factsheets, you can learn more about each country's: eInvoicing situation in EU and EEA countriesĮach EU and EEA country has a unique approach to eInvoicing. Public authorities across the EU should now be able to process eInvoices respecting the European Standard. The deadline for EU countries to transpose eInvoicing Directive 2014/55/EU into their national laws and comply with the European standard on e-invoicing was 18 April 2020. The latter will be supplied by service providers on the market. In other words, the Commission’s initiative will result in a norm and not in a European eInvoicing infrastructure. While all contracting authorities will have to accept electronic invoices that comply with the European norm, nationally specific rules will remain valid. These varied formats cause unnecessary complexity and high costs for businesses and public entities. EU countries and the European Commission decided to introduce a European Standard for eInvoicing in response to the many eInvoice formats used across the EU.