May 11, 2017

Fitek admitted as full member of EESPA

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.

Head of Fitek Global Inbound Business Unit, Indrek Allas, will share his experience at the Estonian Accountants’ Conference on "E-invoicing and digitalization - where is the benefit?" by talking about sending and receiving e-invoices, and about the newly launched self-service platform Arved.ee. This e-invoicing platform is developing fast and will have 8,000 users by mid-October.

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Fitek has become a member of Foreign Investors Council (FIC) in Serbia.

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Fitek Group, the leading Baltic and European fintech and e-invoice solutions provider, will participate in the most important event of the year for financial leaders at the Slovakia-CFO Forum. The event will be interactive in nature, bringing together unique stories, talk shows, speaker discussions, and inspirational presentations. Fitek will be participating as the event’s Gold sponsor, as well as one of the event’s speakers.

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