Baltic e-invoicing operator, Fitek, has been admitted into the European E-Invoicing Service Providers Association, being the only Baltic company to achieve this. In cooperation with the association, preparations are being made for the transition to machine-processed e-invoices in 2018.
‘Together with EESPA, we are taking part in the creation of a universal, pan-European e-invoicing standard,’ says CEO Mait Sooaru, Fitek Group. ‘The proportion of e-invoicing being carried out between companies is still relatively small in the Baltic States, but the introduction of a universal standard in Europe helps to increase this both in here and across the rest of Europe. Compared to current invoicing methods, exchanging e-invoices is far more reasonable and inexpensive.’
Fitek is e-invoicing throughout Europe by sending international e-invoices via the PEPPOL network (the Pan-European Public Procurement Online). It is also the only company throughout the Baltic Sea region to accept PEPPOL e-invoices.
EU Directive 2014/55/EU establishes that Member States are required to adopt and apply by November 2018 the requirements set out within the directive in regards to e-invoicing between companies and public authorities.
EESPA (European E-invoice Service Providers Association)
EESPA brings together European e-invoicing operators, outsourcers, and companies which are exchanging financial know-how and technology, and which specialise in electronic data interchange (EDI). EESPA is an international non-profit organisation which was founded in 2011. The organisation currently has seventy members.
EESPA is focused on supporting the transition to e-invoicing, explaining its benefits, representing the field, and encouraging participation in policy-making by recommending best practice being used in Europe.