B2G e-Invoicing mandates delayed due to COVID-19 impact in Hungary, Portugal and elsewhere - Order2Cash

Hungary, India, and other countries postpone e-Invoicing mandates due to COVID-19 effect

As the current pandemic causes turmoil across both industry and finance, we’ve noticed some significant changes within the e-Invoicing market. Countries such as Hungary and India have announced postponements to their planned e-Invoicing legislation. These decisions have been made in order to avoid adding extra hassle and complication onto businesses, who may already be struggling to adapt to these unprecedented circumstances. However, Some governments are still determined to push for e-Invoicing reform and are moving into their final stages of implementation. Turkey, for example, is aiming to meet its July deadline for the roll-out of an e-delivery note mandate. Germany, likewise, will move forward with the legal finalization of e-Invoicing format XRechnung as planned

Here is a quick run-through of the changes we’ve uncovered in recent weeks:

Europe:

  • Hungary has delayed its online invoicing system to 1 July 2020;
  • Portugal has postponed B2G mandatory e-Invoicing to 31 Dec. 2020 for large companies, 1 June 2021 for SMEs and 31 Dec. 2021 for micro-enterprises;
  • Greece’s e-billing project has been postponed to June 2020;
  • Poland has decided to postpone the requirements for the JPK_VAT format to 1 July 2020;
  • Spain has also postponed the implementation of TICKETBai for one year until Jan 2022.

*Further reading: For more detailed information, check the CEF website which contains progress and status updates for each EU member state.

Asia

  • India (B2B) and Vietnam’s recently introduced their e-Invoicing mandates. The initial roll-out has proven to be a challenge, with some businesses struggling to keep up with the timeline. Therefore India has postponed the mandated roll-out date to 1 Oct. 2020 while Vietnam has also proposed to delay the process a bit longer to 1 July, 2022.

Latin America

  • Argentina has delayed its new conditions for the issuance of credit and debit notes from 1 May to 1 July 2020.
  • Bolivia, unfortunately, has made the decision to repeal its whole e-Invoicing system.

New additions to  our interoperability network

Order2Cash is here to help our customers fulfill all invoicing mandates. We have invested heavily in building an extensive interoperability network, enabling you to connect you with a wide range of B2B and B2G invoice networks and continue to do so. Here are some of the latest channels we have secured connections with

  • Slovenia: ZZI (Bizbox)-PPA
  • Portugal: Saphety and eSpap
  • Colombia: sAPHETY and Colombia-DIAN
  • Italy: Tesisquare and SDI
  • France: Cegedim and Chorus
  • We also expect to finalize connections with channels in Mexico, Brazil and Argentina very soon

 A brief guide to interoperability 

Global B2G e-Invoicing compliance map – View our interactive map of global e-Invoicing mandates. Use this handy orienteering and reference tool to find the pertinent information affecting your applicable business markets in seconds.

Global e-Invoicing and the need for greater interoperability – Do you need further information on any of the B2G e-Invoicing mandates referenced on the map? Find a country-by-country overview containing direct links to many of the platforms and relevant authorities in our free whitepaper.

The urgency of adopting paperless supply chain automation: An open letter to the market from EESPA

EESPA (European E-Invoicing Service Providers Association) recently published an open letter emphasizing the urgency of going paperless and adopting digital processes through service providers. Adopting e-Invoicing can help businesses avoid delays to invoice processing caused by remote working and the logistical handling of paper-based documents amid the crisis. As a member of EESPA, Order2Cash firmly agrees that radical action is needed for digital transformation if businesses are to adopt the ‘the new normal’ effectively and become flexible and agile enough to conduct business effectively during this crisis and beyond.

You can read the full letter here

Some food for thought: News and insights from Order2Cash

Clearance models, compliance issues, and further complexity: A 2020 insight into the global e-Invoicing landscape.

e-Invoicing is now mandatory in many countries, for both B2B and B2G transactions. As the clearance model begins to take preference over a post-audit model, the industry is witnessing a new and rapid demand for technology. Our blog post discusses this trend in detail and also gives some ideas on how to navigate your company through this complex maze of legislation and secure compliance.

Read the full article

 

Finance: The Overlooked customer touchpoint

Customer experience is often seen as front-office business, but there’s much more to CX than the sale. At Order2Cash, we firmly believe that optimizing the order to cash cycle is the key to unlocking greater customer satisfaction and to improve retention rates so don’t overlook the value of the interaction your finance processes give you and your customers.

Read the full article

Setting up an integrated KPI system: understanding your customers and supply chain

How do you build an effective credit management KPI system? Get to know your customer! In our blog post, Marcel Wiedenbrugge outlines his vision for a more integrated, business process-oriented approach towards reporting and choosing KPIs. In particular, those related to order to cash.

Read the full article

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