fratini passi convegno cbi 2010
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CBI Conference 2010 – International Forum on e-InvoicingThe Italian experience about e-invoicing: the CBI community
Liliana Fratini Passi
Secretary General - CBI Consortium
Roma, December 3rd, 2010
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CBI 2010
The Italian experience about e- invoicing: the CBI communityLiliana Fratini Passi, Secretary General CBI Consortium
The big Picture - Dematerialisation of business processesPeter Potgieser, Senior Consultant Industry Standards RBS
Beyond e-invoicing: integrating the physical and financial supply chainsAlec Nacamuli, Global Payments Executive IBM
International Market overview and trendsBruno Koch, Director Billentis
Electronic Invoicing in Italy: report from the fieldAlessandro Perego, Scientific Director Observatory on Electronic Invoicing andDematerialisation School of Management Politecnico di Milano
International Forum on the E-invoicing
Chair: Liliana Fratini PassiAt the end of
the morning it will be drawn 2 Apple iPad among the audience
The Pan-European Public Procurement Online ProjectFederica Silvestrini, Manager Ministry of Economy and Finance
CLOSING ROUND TABLEChair: Carlo Alberto Carnevale Maffé, Professor of Strategic and Entrepreneurial Management Bocconi UniversityPanelist:Francesco Bellini, Chairman of Technical Committee ANDAF Information andCommunication TechnologyAndrea Benassi, Secretary General UEAPMESilvia Bianchi, Head of International Trade Services Intesa SanpaoloGabriele Nanni, Purchasing Manager Renner Italia
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Agenda
The key benefits of e-invoice
The Italian experience on e-invoicing: the CBI community
The cost saving
The green saving
The European scenario of e-invoicing
The Expert Group on e-Invoicing deliverables
The standardization activities
The CBI Community
E-invoice in the B2B area
E-invoice in the B2G area
The interoperability in the international scenario
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Why the e-invoice? The key benefits
Across Europe, over EUR 200 billion of annual cost savings
The potential to reduce CO2 emissions
Legal harmonisation among Member States
…and more…
Liberation of resources for more productive work
Promoting innovation
Support the migration to SEPA (Single Euro Payments Area)
Reduce fraudulent invoicing by improving VAT controls
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The cost saving
Souce: “e-Invoicing & EBPP” - Billentis 2009
Printing and Sending
Payment reminder
Remittances & Cash
Management
Document archiving
3.90 €
0 €
0.50 €
0.40 €
4.50 €
3,00 €
2.20 €
0.80 €
Entering and codification
Validation & Matching +
Dispute Management
Payment e Cash
Management
Document archiving
Paper Invoicing
Paper Invoicing
E-invoicing
E-Invoicing
4.10 €
0 €
6.50 €
3.20 €
4.80 €
2.00 €
2.20 €
0.80 €
Invoice issuer/Seller
Invoice recipient/Buyer
Costs in EUR per transaction – example of a company with 5,000 employees
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E-invoice for the sustainable development
With 30 billion invoices sent annually in Europe, e-invoicing can save significant amounts of natural resources.
A 1% increased adoption of e-invoicing could lead to an annual reduction of tree usage of approximately 800,000 trees and
towards reduction of CO2 emissions.
1,000,000 paper invoices require approximately 400 trees
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E-invoice for the sustainable development
….will save 3 TeraJoule of energy
….will save almost 200 tonnes of CO2
Source: Initiative from Dutch Ministry of Economic Affairs, by TNO, June 2010
10 million digital invoices….
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The European market of e-Invoicing
E-invoicing adoption in Europe and growth of e-invoicing in B2B and B2C segments (Source: DB Research & Billentis)
Year 2006 2007 2008 2009 2010
# E-invoices In millions
510 B2C: 250 B2B: 260
730 B2C: 300 B2B: 430
1,010 B2C: 400 B2B: 610
1,360 B2C: 500 B2B: 860
2,190 B2C: 925 B2B: 1,265
Market penetration
1.7% 2.4% 3.4% 4.5 7%
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Expert Group on E-invoicing timeline and deliverables
30 November 2009
FINAL REPORT
27-28 April 2010
Official presentation of
consultation final results
Conference in Madrid
January 2008
Set up of Expert Group on E-invoicing
by EC
2 December 2010
Communication 'Reaping the benefits of electronic invoicing
(e-invoicing) for Europe'
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Main contents of Communication
Four key priorities
Ensuring a consistent legal environment for e-invoicing
Achieving mass market adoption by getting SMEs onboard
Stimulating an environment that creates maximum reach between trading
partners exchanging invoices
Promoting a common e-invoicing standard
ACTIONS
1. Revision of the e-signature Directive
2. Competitiveness and Innovation Programme (CIP)
3. Code of Practice defined by CEN
4. Design implementation guidelines for a CII data model
To facilitate the monitoring and implementation of these actions, the Commission invites Member States to establish national multi-stakeholder forum
on e-invoicing by June 2011
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e-Invoice standardization activities: who is doing what?
EC Expert Group on e-invoicing (worked till November 2009)
UN/CEFACT
Development of Cross Industry Invoice (CII v.2 released on 30 september 2009)
CEN
Development of guidelines for standards implementation
Development of guidelines for interoperability
ISO20022
Development of Financial Invoice standard
Convergence with financial standards
Definition of European e-Invoicing Framework (EEIF)
Recommendations to standardization bodies
Reference for
e-invoice modelReference for integration with Financial messaging standard
Reference for
interoperability
CBI Consortium takes part in all these groups in order to contribute to standardization, keeping CBI e-invoice standard aligned with international trends
Collaboration and convergence (see next slide)
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Financial Invoice ISO20022
Convergence between UN/CEFACT standard and ISO20022 standard, as recommended by the Expert Group
Integration between supply chain and financial chain
Facilitation to manage payments and reconciliation activities
The Financial Invoice ISO20022 will be interoperable with SEPA payments and the ISO20022 Invoice Financing Request
Cross Industry Invoice (CII): model for the
international community
Financial messages (SEPA credit transfer, Invoicing Financing
Request, etc.)
ISO20022 Financial Invoice
Approved on November 2010
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Main organisms involved
Italian Working Groups
InternationalWorking Groups
eInvoicing Expert Group
Main CBI collaborations to support the standardization in e-invoicing area
CBI Stakeholder Forum
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The CBI community
Network Infrastructure
Standardizationbody
•Electronic connectionvia a unique front-end solution
•End-to-end communication among actors
•CBI Entry Point Service
680 Members:
>830.000 Users
- Financial Institutions- Poste and IMEL - PSPs
- Corporates- PA
•More than 35 advanced services features, related to:- Payments and collections- Document management- Reporting
~1 mld transactions /year
Business community
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CBI User
CBI services
+ Competitive
services
Access Financial Institution
CBI User
CBI services
+ Competitive
services
Access Financial Institution
CBI Network Infrastructure: service model
Executing Financial Institution
Executing Financial Institution
Clearing & Settlement
Receiving Financial
Institution
Receiving Financial
Institution
CBI Gateway for P.A.
Central Public Administration (P.A.)
Are
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: C
ust
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Acc
ess
Ban
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: In
terb
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are
a -
CB
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overn
an
ceA
rea 3
: In
terb
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a f
or
C&
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User
User (E2E)
Executing Financial Institution
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CBI defines rules for over 35 remote banking services, whereof all the new ones based on XML/ISO standards
Document ManagementPayments and collections Reporting
• E2E sending/ receiving non-structured documents
• E2E sending/receiving structured documents (e- invoice)
• Invoice Financing Request
• Credit transfer and checks
• Pre-authorized collections (RID)
• Non preauthorized collections
(RiBa, MAV)
• Tax Payment (F24)
• SEPA credit transfer w/ advice
to debtor and creditor
• SEPA direct debit (Core/B2B)
• XML cross-border credit transfer
• Creditor Payment Activation Req.
• Structured statements
• Portfolio statements
• Advice of incoming
payments w/instructions
• XML Debit advice (Riba)
• XML Statements
• “Intraday” account reports
Functionalities and standards – Mapping of the main functions
XML basedDigital signature
STP transmission Zero latency
Process workflow International interoperability
CBI features and SLA
Upcoming
red XML based
blue SEPA compliant
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E2E e-invoice exchange
Invoice Financing Request*
Creditor Payment Activation Request*
XML SEPA Payments
Payment Status and Account Reporting
CBI Service value proposition: the value of process integration
Buyer
Order Deliver Invoicing Financing
Seller
Data
alig
nm
en
t
Payment Reconciliation
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Integration
CPAR
CBI functions
2 3 4 5
1
2
3
4
5
*Services registered in the ISO20022 Repository
Bu
siness co
mm
un
ities
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E-invoicing in Business to Government (B2G) area
2008 Italian Financial Law: introduction of the e-invoice obligation in the B2G domain
Supplier
The CBI could be a value added channel to send e-invoices to the Central P.A.
We are waiting for the publication of the Second Tax Agency Decree
Public interchange
system
Central Public Administrations
Internet
Other channels
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The interoperability and the creation of international business communities
The CBI role as a standardization competence center will support:
•Interoperability of payment services
•Creation of international extended business communities
CBI community
Gateway CBI
Proprietary Infrastructure
Shared Infrastructure
CBI could support the development of extended business communities acting as a gateway enabling
the connection with international players
