The Status & Future of E-Invoicing

Transcription

1 The Status & Future of E-Invoicing October 2017 Bruno Koch

2 Keep the head above the trees

3 International e-invoicing status & trends 400 billion bills/invoices globally (paper & electronic) About 36 billion paperless (2/3 rd of it B2B, B2G & G2B) Minor proportion = true e-invoicing Annual transaction market growth % depending on country page 3

4 Tax evasion resulting in new legal requirements Estimated VAT gap = 500 billion Euro p.a. ash payments without receipts arousel fraud, invoicing between phantom partners No invoicing or invoicing using wrong amounts No supplies behind invoices Smuggling and domestic fraud with physical supplies Fictive employees and salaries page 4

5 learance model dominating from 2025? Tax Authorities Solution/Service Provider Supplier Buyer page 5

6 If you think compliance is expensive, try non compliance. Paul McNulty, former U.S. Deputy Attorney General

7 Increasing market requirements Public sector mandating its suppliers for e-invoicing & e-procurement Private Industry E-Invoicing page 7

8 Significant market transition lies ahead Disruptive innovation Emerging next-generation technologies loud Aggregation Platforms, loud Service Brokers Robotic Process Automation, automate 50% of backoffice processes Machine learning Advanced Analytics Internet-of-Things page 8

9 Emerging technologies paving the way for quantum leap Estimates and predictions of various sources (Global market size in Billion USD) Blockchain loud Service Brokerage 0.9 Machine Learning as a Service page 9

10 Global e-invoicing market valuation (Billentis, in billion EUR) Includes exchange networks, communication gateways, IaaS, SaaS, PaaS, implementation costs, value added services like data validation, formatting, synchronization etc. Not part of the estimate are workflow, archive solutions, and processing of business data that is related to invoices. page 10

11 Service Provider key metrics and ratios greatly differ Depth of manufacture >80 % page 11

12 What comes behind the horizon?

13 Businesses reducing depth of manufacture with cloud services BU BU BU X Inc. BU BU BU X Inc. environment # Business Units # ERPs # SSs # loud Services Topics A-Z On local soil Public Private page 13

14 New trends and requirements End Users Purchase loud Aggregation Platforms Require open APIs (Application Programming Interfaces) for their business applications and cloud services Forbes: Year of APIs Service Providers luster numerous cloud components; become loud Service Brokers Improve international interoperability page 14

15 loud provider collaboration strategies page 15

16 New European Norm not sufficient as common denominator Software developer and cloud operators addressing European market required to support the EN from 2018 Very useful, but as only common denominator too small Transport/delivery and business layers not specified Extended support for seamless cloud interoperability and API communication with business software required Specify an Interoperability Reference Model (IRM) as common denominator at least for semantic, syntax and transport IRM serve as an orientation for the community page 16

17 Potential criteria for the Interoperability Reference Model Support of the most common business messages Support key layers Open for modular extensions Already in practical use, internationally & cross-industry Just one user contract required regardless of roaming On-boarding of new trading partners anywhere without tests partner identifiable Accessible for any interested party Governance reflects the market structure page 17

18 We have a historic chance and short time slot to align APIs and network services with an interoperability reference model. Take this chance!

19 Questions? Bruno Koch Twitter LinkedIn XING page 19