E-Invoicing Mandates: How Ready Is Your Telco Business

CSGS

Since the EU implemented e-Invoicing Directive 2014/55/EU in 2020, all 27 EU Member States must comply with the European Standard. It applies to all contracts under the public procurement directives. In some countries, e-invoicing will become mandatory for all B2B transactions in the next 12 to 18 months. This is controlled on a country-by-country basis.

EU nations that have mandated, or will mandate, B2B e-invoicing include:

The number of countries mandating e-invoicing for B2B transactions between large companies will grow. The EU e-invoicing standard will even find global adoption in some forms. Many non-EU member countries have issued their own e-invoicing laws, such as the UK, Egypt, Philippines and Saudi Arabia.

What does this mean for operators? First, they need to review these mandates in the markets where they do business, which includes where they have partnerships. Then they should address the interoperability issues that arise from differing national e-invoicing standards. Although the European Standard aims for a unified approach, each country can (and has) mandated different versions of the core standard and distribution processes. This means that operators' billing solutions must support configuration to meet each country's standard.

Now, wherever that country-by-country configuration occurs, operators still risk inefficiencies, billing inaccuracies and increased operational costs as they juggle multiple systems to meet each nation's requirements. So the question becomes, how efficiently can the solution handle these differing standards?

Disclaimer

CSG Systems International Inc. published this content on October 09, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on October 09, 2024 at 18:07:04.412.