Digital Billing for Business-to-Business (B2B) Transactions and Public Users
In the digital age, electronic invoicing has become a standard practice for businesses and public administrations alike. However, the specifics of electronic invoicing can vary significantly between Business-to-Government (B2G) transactions and Business-to-Business (B2B) interactions.
For private individuals who wish to receive electronic invoices, registration with the "Sistema di Interscambio" (SdI) registry is necessary. This registry is a crucial component of the electronic invoicing system in Italy.
When it comes to invoice formats, B2G transactions typically mandate structured formats such as Facturae, CII, UBL, Edifact, or Spain's XML "FatturaPA" format for compliance with government systems. On the other hand, B2B transactions often accept both structured and semi-structured formats, depending on the country's regulation.
Transmission systems also differ. B2G transactions usually involve a public electronic invoicing platform, often with real-time or pre-clearance requirements. In contrast, B2B transactions typically have direct bilateral transmissions between trading partners, though some jurisdictions require submission to a central platform for reporting or auditing purposes.
Regulatory differences are also apparent. Mandatory e-invoicing to Public Administration has been required in many EU countries for years, while the adoption of B2B e-invoicing is still catching up in many regions. Strict compliance is required for invoice format, transmission, and often for real-time reporting or validation in B2G transactions, whereas B2B compliance has been more flexible, with paper and PDF still accepted in many markets.
Electronic invoicing leads to significant savings by accelerating bureaucratic simplifications and streamlining administrative procedures. For instance, for organisations that produce or receive more than 3,000 invoices per year, the estimated savings per invoice range between 7.5 and 11.5 euros.
Intesa offers solutions for managing and monitoring the entire document cycle for electronic invoicing towards Public Administration, B2B, and B2C. Their services include solutions for normative conservation of electronic invoices and are optimized to integrate perfectly with business processes, reducing times, costs, and necessary resources.
As the trend is towards greater standardization and compliance in both sectors, the EU is pushing for a more unified approach to reduce complexity and foster cross-border trade. This harmonization is expected to benefit both businesses and public administrations in the long run.
- The European Union (EU) is advocating for a more unified approach in electronic invoicing, aiming to standardize both Business-to-Government (B2G) and Business-to-Business (B2B) transactions.
- In the realm of finance and technology, Intesa's solutions cater to managing and monitoring the entire document cycle for electronic invoicing, ensuring compliance with regulations and streamlining administrative procedures, particularly beneficial for organizations dealing with a high volume of invoices.
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