e-Invoicing will become mandatory for all European Public and Institutions in 2019
The Directive 2014/55/EU on public procurement will be initiated on April 18 2019. This means that all European public and institutions must be able to accept invoices in electronic format, per European standards. Countries such as Italy and Norway have enforced this rule, Portugal, Poland and the rest of Europe are set to follow.
The fundamental aim is to:
- reduce costs
- decreased time in sending and receiving invoices
- increased security on transactions
- Standardized platform used by all companies.
Is your business ready for these changes and does your existing platform have these services integrated?