ELECTRONIC INVOICING INFORMATION SYSTEM

ERIKA ŠOLTÉSOVÁ

https://doi.org/10.53465/EDAMBA.2021.9788022549301.496-506

 

Abstract: Implementation of Electronic invoicing via the Electronic invoicing information system is one of the first steps in the digitization of business. The process of accepting electronic invoicing in the European Union is based on Directive 2014/55/EU which has the goal of decreasing the barriers to cross-border procurement activities, ensuring an interoperable standard/norm for electronic invoicing in public procurement within the boundaries of European Union, and ensuring more straightforward and business-to-business transactions. The transition to this form of invoicing should save a significant part of the costs related to invoicing and significantly speed up and simplify the whole process. Despite the fact that this is a technology that is many years old, state institutions in the Slovak Republic are just beginning to work with this technology. The state's approach also has an impact on the willingness and motivation of private companies to implement it. Different lawful and technical prerequisites of electronic invoices create barriers to access the free market in cross-border public procurement and barriers to trade as they deter economic operators from engaging in cross-border public procurement activities. The aim of the article is to point out the requirements and technical standards, advantages, and disadvantages of the implementation of electronic invoicing information system accent with an emphasis on the current situation in the Slovak Republic. Due to the fulfillment of the main aim, analysis, synthesis, comparison, induction and deduction are used in the article.

Keywords: Electronic invoicing, Electronic invoicing information system, Directive 2014/55/EU

JEL classification: G28, H25, L86

Fulltext: PDF

Online publication date: 12 May 2022

 

To cite this article (APA style):

Šoltésová, E. (2022). Electronic Invoicing Information System. Proceedings from the EDAMBA 2021 conference, 496 – 506. https://doi.org/10.53465/EDAMBA.2021.9788022549301.496-506