The Benefits & Challenges of E-Invoicing in Europe: A Webinar
This webinar took place on Thursday, March 21st at 12:00 London GMT and focused exclusively on the efforts being made in Europe to standardize e-invoicing procedures.
In 2014, via Directive 2014/55/EU, the European Union introduced a region-wide standard for e-invoicing as a way of streamlining these procedures and bringing together the many different formats used.
According to the EU, this diversity leads to “unnecessary complexity and high costs for businesses and public entities,” and the European Commission opted to set a series of norms to facilitate cross-border e-invoicing.
In this live event, our panel shed some light on this move to standardize e-invoicing in the region and provided us with some updates on what different jurisdictions are doing to fall in line with these norms.
Video Recording & Transcript
Please feel free to download the full transcript below.
Here's the full video recording.
Some of the questions covered included:
- What are some of the main benefits of e-invoicing in general?
- Likewise, what are some of the main benefits of standardizing e-invoicing across the EU?
- What are some of the main challenges to be faced as a result of this standardization?
- At what stage in this process is your jurisdiction at? Have there been any specific challenges unique to your country?
- Plenty of concerns have arisen with regards to data protection and cyber security vis-à-vis e-invoicing. What are your thoughts on this specific issue?
- And plenty more!
Submit Your E-Invoicing Questions
If you have any additional follow-up questions for our panel, please make sure to submit them below.
SUBMIT YOUR QUESTIONS
Our E-Invoicing Panelist
Benedetto De Francesco, Studio de Francesco Business & Leadership Consultants, Rome, Italy
Benedetto De Francesco is a management and business consultant who works with entrepreneurs, business professionals and CEOs and helps them get the most out of their ideas and investments by avoiding decision-making errors.
Benedetto has an extensive and deep competence in various management areas and industries and understands that the individual’s unconscious is where every problem has its source but also its solution. Benedetto supports many entrepreneurs, professionals and top managers in better understanding themselves, their company, their organisation and their numbers, starting from that position to address their business intelligence in the correct manner.
Benedetto graduated with a degree in business management at Libera Università Internazionale degli Studi Sociali (LUISS) "Guido Carli" in Rome and studied Psychology in Rome and St. Petersburg University where he eventually obtained a postgraduate degree in Management Psychology (Ontopsychology).
Benedetto has also received the following certifications: Chartered Psychologist in 1994, Psychotherapist in 1999, Chartered Accountant and Tax Consultant in 2002, and Legal Auditor in 2003.
As a chartered accountant and legal auditor and partner with De Francesco & Partners - Studio Commerciale Legale Tributario, Benedetto has offered services in auditing (accounting and tax compliance), finance, tax litigation, anti-money laundering compliance, mergers & acquisitions, due diligence procedures, debt restructuring, financial recovery, credit risk assessment, financial architectures, EVA driven strategies, successions, and family asset management.