B2B Payments

Spain Moves Forward With E-Invoicing Goals

Earlier this year, the Spanish Official Gazette reported the release of Order HAP-1074-2014, which allows for national, regional and local public administrations in Spain to have their own general point of entry for electronic billing.

Called Facturae, the official formatting of e-invoicing in Spain, is designed to give two options when it comes to submitting e-invoices. The first choice is by doing it individually with a web portal. The second option is through using a web services communication program, according to E-Invoicing Platform.

“In any case, communication between the supplier’s system and the service must be signed using a certificate from an authorized provider,” the news source reported. “In this sense, EDICOM is authorized to act both as technological provider of electronic invoicing services and as certification authority, so there is no need for clients to turn to third parties. EDICOM is your one stop shop.”

Last month, PYMNTS.com discussed the push toward online B2G e-invoicing. The Spanish government states that the policy is designed to enhance security and streamline the invoicing process, as well as save money. Specifically, around €3.48 per invoice issued can be saved, and processing times can be cut by nearly 80 percent.

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.

 

——————————

PYMNTS STUDY: THE CROSS-BORDER MERCHANT FRICTION INDEX – JUNE 2020

The PYMNTS Cross-Border Merchant Friction Index analyzes the key friction points experienced by consumers browsing, shopping and paying for purchases on international eCommerce sites. PYMNTS examined the checkout processes of 266 B2B and B2C eCommerce sites across 12 industries and operating from locations across Europe and the United States to provide a comprehensive overview of their checkout offerings.

Click to comment

TRENDING RIGHT NOW