In this video, we explain electronic billing in public procurement. First of all, we see what it is And how it works. Then we show the obligations that state suppliers have to fulfil.
What is electronic billing in public procurement?
This is the process by which companies providing goods and services to the State issue electronic invoices rather than paper invoices. So it brings many benefits. Soon, it reduces costs and makes the billing process more efficient. It also promotes transparency in relations with public authorities.
Since when is it mandatory?
In the public service, electronic billing is mandatory in many countries. In fact, it has been applicable in the European Union since 2019. Therefore, all public entities must accept electronic invoices issued by their suppliers. As a result, adoption has become a requirement for those working with the State.
What requirements do companies have to meet?
In order to charge the public service, companies must meet specific requirements. First, they should use a standardized electronic billing format. Then they must take security measures to protect invoice information. In addition, they shall include the data required by public authorities. If they fail, they shall be subject to penalties and penalties.
Benefits and sustainability?
Electronic billing in public procurement benefits both sides. On the one hand, public authorities gain efficiency and control. In this way, companies reduce costs and speed up processes. Finally, there is still an environmental gain, because paper use is reduced.