The deadline for all EU countries to transpose Directive 2014/55/EU on electronic invoicing in public procurement into local law has been extended from 27th November 2018 to 18th April 2019.
While the EU deadline has been extended, the German Federal Government is moving ahead with digitization in federal administration and public procurement. Implementation deadlines in Germany:
In preparation for the deadlines, in October, the Core Invoice Usage Specification (CIUS) for suppliers to public authorities in Germany, also known as xRechnung was published. It defines the concrete national implementation for how to use the EN standard in Germany. In addition, ZugFeRD, the hybrid invoice format which uses a PDF/A-3 envelope, is being upgraded to version 2.0 so it is fully compliant with the EN16931 standard for eInvoicing.
The GHX eInvoicing solution simplifies all this complexity for you. Through a single connection, GHX eInvoicing helps support your compliance initiatives - issuance and distribution of all invoices across the EU member states, in the mandated formats, routing them to public access points as required. GHX eInvoicing expands on the electronic data interchange capabilities of the GHX Exchange, enabling you to utilise your existing connection to GHX. This means you don’t need any additional integration or in-house development to use the solution.
GHX eInvoicing features an online portal that allows you to centralise and manage all your invoices in one place and distribute them to your customers anywhere in Europe, including non-EDI capable customers, as well as view the status of every invoice. What’s more, using the portal, your customers can easily self-register to the service and view, download and manage all their invoices in one place, helping you to improve their experience when doing business with you.
GHX eInvoicing supports your compliance initiatives while helping you to optimise your order-to-cash cycle and save costs. It helps to reduce the amount of time it takes for your invoices to be paid by simply delivering them in a matter of minutes and providing you with notifications and reminders for better management.
Contact your Key Account Manager to learn more about GHX eInvoicing – the smart solution that helps you simplify much more than just compliance across Europe.