ClearBIZZ - News - E-invoicing to save €238 billion over six years

E-invoicing to save €238 billion over six years

17-07-2008

In my last blog I mentioned the EC Expert Group on Electronic Invoicing. But what is it? You can find out on the European Commission's website, but here is an extract;

"The European Commission adopted a decision to set up an Expert Group on e-invoicing with a mandate to create the European E-Invoicing (EEI) Framework. The Group is expected to clarify all aspects of the identified obstacles and come up with recommendations how to remove them. On the basis of the call for applications, 31 experts were selected. The Expert Group started work on 26 February 2008 and it is meeting on average every two months. It is expected to deliver a mid-term report by end of 2008 and complete its work by the end of 2009. The experts group has divided its work into three streams: Legal Framework, Business Requirements; Network and Standards".

The mid-term report is now available to read. The report's final comment states; "We are making good progress and if recent estimates of the costs savings to society of EUR 238 billion over six years are close to the truth, we have 238 billion reasons to be successful"

To keep up to date on the Group and other latest developments in European electronic invoicing book mark ICT Standardisation page on the EU website, which links to all current E-invoicing reports/documents.