Now January, 1st 2019 it is really about to come: the turning point for electronic invoicing in Italy. What impact will this mandatory process have for Italian companies?
For us, positive consequences overcome the negative ones, if we do not only comply with the obligation. And we take this moment as an opportunity to rethink our business processes instead. Because electronic invoicing does not just mean invoices to customers. We should also consider the relationship with suppliers.
We talk about B2B e-invoicing and automation of the purchasing cycle.
EDI, flows automation, electronic invoicing: just an obligation?
Often technological innovations enter the company as an obligation. Obligation to adapt to customer requests. Obligation to comply with laws and regulations by the institutions. In doing so, we just add a new process to the existing ones. We often adapt without having time to stop and reflect: could this new technology also bring advantages to the company, other than not losing the customer or being compliant?
The introduction of mandatory B2B e-invoicing in Italy it’s the right moment to stop and ask: could I change something and benefit from this obligation?
Automation of the purchasing cycle: if not now, when?
From January, 1st 2019 there will be no alternative: all invoices, both from sales and purchase, should be exchanged through the official platform Sistema di Interscambio (SdI) and have the structured xml electronic format. Invoices in other formats or exchanged through other channels will not be valid.
In order to be sure to continue your business, your first concern will be to adapt your processes to be able to send invoices to your customers.
In the past, maybe you have already given priority to customer’s requests. For example, you searched for a solution to automate orders and invoices flows through EDI, only to answer to your customer’s needs.
Perhaps once you have wondered: why don’t we automate also documents exchange with our suppliers? Thus, we could manage everything in a single place and with only one tool, the ERP system.
And probably the answer was: “Not yet”. Or that it will have been a titanic endeavor to manage all different document formats from your suppliers, sometimes even paper documents.
Now there are no more excuses. All your supplier’s invoices will be available in a single structured electronic format: it is the right moment to start with the purchasing cycle automation.
B2B electronic invoicing and purchasing cycle
With D/b2b e-invoicing you could exchange both sales and purchase invoices in electronic format through the SdI system. It could directly be integrated with your ERP system, without installing any software.
Increased openness, less errors and costs
If you automate the receiving of purchasing invoices with D/b2B e-invoicing, the invoices approved by the SdI system will be directly available into your ERP system.
Thus, you could avoid errors due to manual data entry and optimize purchasing invoices management time and costs.
After this first step, why not proceeding with the digitization process and automating also the order sending to those same suppliers? You will eliminate other low added value activities with new benefits for your business.
And if you need it, you could also electronically archive your documents according to law, thanks to the collaboration with Ifin Sistemi, AgID accredited partner.
I’m already using D/bip: how does D/b2b invoicing work for me?
If you are already using the D/bip platform, your active EDI flow will be used also to exchange e-invoices through the SdI system. There will be no changes for your customers and suppliers, both Italian and foreign: they will continue receiving documents through EDI as today.
If you are not receiving invoices in electronic format yet, we need to define and activate the new flows for purchasing invoices: they will be transmitted from the SdI system and will be directly available into your ERP system.
Do you still have doubts?
Or find an answer to your questions Thursday, 22nd November at 16.30 at our online event. Thanks to DERWID and Ifin Sistemi you will discover how B2B e-invoicing in Italy will work. Join the event: it’s free.