Order2Cash Newsletter July 2016
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Anachron consolidates all products and services under the Order2Cash name

Order2Cash is the new name for Anachron, a move that signifies our company's full transition into a global, end-to-end order to cash solution provider. We provide flawless integration of the entire accounts receivable process, offering end to end support for greater efficiency across all areas. By consolidating everything under the Order2Cash umbrella we can transmit a much cleaner, more focused message into the market and communicate more effectively with all customers and potential clients.

Read more about our rebranding here.

The EU sends a formal letter of notice to 21 countries asking them to comply with public procurement directives

The European Commission has requested 21 Member States to transpose in full one or more of the three directives on public procurement and concessions (Directives 2014/23/EC2014/24/EC2014/25/EC) into national law. All Member States were obliged to notify the transposition of the new public procurement rules by 18 April 2016.

The Commission’s request  has been sent to Austria, Belgium, Bulgaria, Croatia, the Czech Republic, Cyprus, Estonia, Ireland, Greece, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovenia, Finland, Spain and Sweden.

“Authorities that have already made the transition to e-procurement report savings between 5 and 20 per cent. With EU Member States spending yearly more than 1.9 trillion euro for procurement, each five per cent saved could return almost 100 billion euro to the public purse,” the Commission said.

The new rules make it easier and cheaper for SMEs to bid for public contracts and respect the EU’s principles of transparency and competition. Increased transparency improves accountability and helps combat corruption. The rules also allow the authorities to use public procurement to work towards broader policy objectives, such as environmental and social goals and innovation.

For more information, see an Overview of the new EU procurement and concession rules introduced on 18 April 2016.

Further e-Invoicing mandates materialise 

More governments across Europe and elsewhere are starting to impose e-Invoicing regulations. Directive 2014/55/EU outlines many of the reasons why member states across the EU are pushing for this kind of legislation but interoperability, flexibility and speed are key concerns for all regions. Here, we outline a few of the most recent activities.

Belarus: Billentis are reporting that Belarus will require VAT invoices to be issued in electronic format, as of July 2016.

France: EEI Platform have reported that in France, La “facture dématérialisée” will become compulsory in January 2017. This concerns business relations between the French public sector and its suppliers. All large companies with more than 5000 employees and all public institutions will have to comply wit this measure. However, the French government’s Ordinance Nº 2014-697 provides for gradual adaptation to tax dematerialization, lasting until 2020. The aim is to facilitate the migration of the thousands of businesses working with central and regional administrations and, over time, SMEs of all sizes.

Indonesia: In a bid to tackle counterfeit invoices, the Indonesian government has decreed that, in addition to e-billing for taxpayers, e-Invoicing will be implemented simultaneously for all taxable enterprises in the country. By enforcing e-Invoicing in application, invoice counterfeiting efforts can be avoided as the serial number of a tax invoice will have to go through rigorous validation stages.

Companies need to perform several steps before they can use e-Invoicing in Indonesia. The first step is to install an application provided by the Directorate General of Taxes. This software application is connected to the Indonesian e-SPT program. Once set-up is completed, and the Local Tax Office has been notified, the enterprise receives an Electronic Certificate.

The Directorate General of Taxes has been mandating enterprises in the Java and Bali region to use e-Invoicing, since July 2015,. In addition it has, since then, also pointed out to all buyers of goods and services who receive tax invoices, to ensure that the received tax invoice is an e-Invoice (or  e-bill, from the consumer’s perspective). The government also hopes that this mandate will result in a reduction in tax refunds and an increase in VAT revenues. (source EEI Platform).

Netherlands: De Nederlandse Rijksoverheid has decreed that all of its suppliers must submit their invoices electronically from January 1, 2017 onwards. SimplerInvoicing has been selected by the government as the open standard for e-Invoices. Order2Cash is an approved member of the SimplerInvoicing community of service providers. Feel free to contact us if you have any questions regarding the use of SimplerInvoicing.

United Kingdom: The National Health Service continues its planning and implementation of e-Invoicing for groups of Hospital Trusts with six new pilot projects getting underway. A second round of Demonstrations of Technology has begun, during which the pilot Trusts and PEPPOL Access Points/service providers will set the conditions for the pre-qualification of service providers and the creation of a selection for framework agreements. (as recently announced at the UK National e-Invoicing Forum).  

2016 Billentis e-Invoicing report now available

The annually published Billentis e-Invoicing and e-Billing report is an indispensible guide to the global state of e-Invoicing. Researched, authored and edited by Bruno Koch, an independent international e-Invoicing consultant and market analyst, this report offers some insight into what's happening within the global e-Invoicing arena. This year's report discusses:

- Market status and developments
- Trends and the changing environment
- Increasing business agility with disruptive innovation
- Innovative business process automation
- Improving the data accuracy of tax-relevant documents

Across its 150 pages, readers will find business cases, tips and hints for implementation, information on legal regulations and the profiles of 33 leading solution providers, including Order2Cash.

You can download a free copy of the 2016 report here.

What is your average waiting time for a signed contract to be returned?

If you’re waiting days, weeks or even months to receive a signed contract, there's no need. Contracting does not have to be a long, drawn-out process. With Contract2Sign, our secure online document signing service, you can have a fully signed document returned in minutes, even when multiple signatures are required. Eliminate your traditional paper trails by digitizing your contract workflow and offer your clients a much swifter, slicker onboarding process. 

"The contracts have been signed. The digital signing system you use works very well. Quick and easy."

Ask us for a demonstration today.

We congratulate Loven Trucks on sending 100,000 invoices with Invoice2Deliver

Last month, we congratulated our customer Loven Trucks, one of the Netherlands’ largest and most modern truck and trailer suppliers, on sending their 100,000th e-Invoice through our e-Invoicing solution, Invoice2Deliver. With over 1000 Loven customers receiving invoices via the portal, the company's successful two-year onboarding programme now results in over 90% of all their invoices being sent electronically. We're proud to have helped them achieve this significant milestone and look forward to handling the next 100,000 invoices and more on their behalf. Gefeliciteerd!

We welcome new customers to the Order2Cash community

We're delighted to welcome the following companies into the Order2Cash community; Alfa Accountants, Berendsen Textiel Service, BouwinvestBrood en Spelen, Brouwer Transport en Logistiek, Enduris, Engie, Kyoto Lease,  Newcold and Truck Service Friesland.

Order2Cash continues to attract leading companies from across the globe.  No matter the industry or sector, our solutions tailor specifically to your individual business needs. Whether you're looking to automate a particular area of your order to cash process, or seeking to optimize your complete AR workflow, we're here to help. Come join the Order2Cash community today and see how we can work together to boost your business performance.

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