1. CBI Conference 2010 – International Forum on e-Invoicing
The Italian experience about e-invoicing: the CBI
community
Liliana Fratini Passi
Secretary General - CBI Consortium
Roma, December 3rd, 2010

2. CBI 2010
International Forum
on the E-invoicing At the end of
Chair: Liliana Fratini Passi the morning it
will be drawn
The Italian experience about e- 2 Apple iPad
invoicing: the CBI community among the
Liliana Fratini Passi, Secretary General CBI audience
Consortium
The big Picture - Dematerialisation of
business processes
Peter Potgieser, Senior Consultant Industry The Pan-European Public Procurement
Standards RBS Online Project
Federica Silvestrini, Manager Ministry of Economy
Beyond e-invoicing: integrating the and Finance
physical and financial supply chains
Alec Nacamuli, Global Payments Executive
IBM CLOSING ROUND TABLE
Chair: Carlo Alberto Carnevale Maffé,
International Market overview and Professor of Strategic and Entrepreneurial
trends Management Bocconi University
Bruno Koch, Director Billentis Panelist:
Francesco Bellini, Chairman of Technical
Electronic Invoicing in Italy: report Committee ANDAF Information and
from the field Communication Technology
Alessandro Perego, Scientific Director Andrea Benassi, Secretary General UEAPME
Observatory on Electronic Invoicing and Silvia Bianchi, Head of International Trade
Dematerialisation School of Management Services Intesa Sanpaolo
Politecnico di Milano Gabriele Nanni, Purchasing Manager Renner Italia
2

3. Agenda
 The Italian experience on e-invoicing: the CBI community
 The key benefits of e-invoice
 The cost saving
 The green saving
 The European scenario of e-invoicing
 The Expert Group on e-Invoicing deliverables
 The standardization activities
 The CBI Community
 E-invoice in the B2B area
 E-invoice in the B2G area
 The interoperability in the international scenario
3

4. Why the e-invoice? The key benefits
Across Europe, over EUR 200 billion of annual cost savings
The potential to reduce CO2 emissions
Legal harmonisation among Member States
…and more…
 Liberation of resources for more productive work
 Promoting innovation
 Support the migration to SEPA (Single Euro Payments Area)
 Reduce fraudulent invoicing by improving VAT controls
4

5. The cost saving
Costs in EUR per transaction – example of a company with
5,000 employees
Invoice issuer/
Seller
Remittances &
Printing and Payment Document
Sending Cash
reminder archiving
Management
Paper Invoicing 3.90 € 0.50 € 4.50 € 2.20 €
E-invoicing 0€ 0.40 € 3,00 € 0.80 €
Invoice recipient/
Buyer Validation &
Payment e
Entering and Matching + Document
Cash
codification Dispute archiving
Management
Management
Paper Invoicing 4.10 € 6.50 € 4.80 € 2.20 €
E-Invoicing 0€ 3.20 € 2.00 € 0.80 €
Souce: “e-Invoicing & EBPP” - Billentis 2009
5

6. E-invoice for the sustainable development
1,000,000 paper invoices require
approximately 400 trees
With 30 billion invoices sent annually in Europe, e-invoicing can
save significant amounts of natural resources.
A 1% increased adoption of e-invoicing could lead to an annual
reduction of tree usage of approximately 800,000 trees and
towards reduction of CO2 emissions.
6

7. E-invoice for the sustainable development
10 million digital invoices….
….will save 3 TeraJoule of energy
….will save almost 200 tonnes of CO2
7
Source: Initiative from Dutch Ministry of Economic Affairs, by TNO, June 2010

8. The European market of e-Invoicing
Year 2006 2007 2008 2009 2010
# E-invoices 510 730 1,010 1,360 2,190
In millions B2C: 250 B2C: 300 B2C: 400 B2C: 500 B2C: 925
B2B: 260 B2B: 430 B2B: 610 B2B: 860 B2B: 1,265
Market 1.7% 2.4% 3.4% 4.5 7%
penetration
E-invoicing adoption in Europe and growth of e-invoicing in B2B and B2C segments (Source: DB Research & Billentis)
8

9. Expert Group on E-invoicing timeline and
deliverables
Conference
in Madrid
January 30 November 2 December
27-28 April 2010
2008 2009
2010
Set up of Official
FINAL Communication
Expert Group presentation of
REPORT 'Reaping the benefits
on E-invoicing consultation
of electronic invoicing
by EC final results
(e-invoicing) for
Europe'
9

10. Main contents of Communication
Four key priorities
Ensuring a consistent legal environment for e-invoicing
Achieving mass market adoption by getting SMEs onboard
Stimulating an environment that creates maximum reach between trading
partners exchanging invoices
Promoting a common e-invoicing standard
ACTIONS
1. Revision of the e-signature Directive
2. Competitiveness and Innovation Programme (CIP)
3. Code of Practice defined by CEN
4. Design implementation guidelines for a CII data model
To facilitate the monitoring and implementation of these actions, the
Commission invites Member States to establish national multi-stakeholder forum
on e-invoicing by June 2011 10

11. e-Invoice standardization activities:
who is doing what?
EC Expert Group on e-invoicing (worked till November 2009)
Definition of European e-Invoicing Framework
(EEIF)
Recommendations to standardization bodies
Collaboration
and convergence
(see next slide)
UN/CEFACT ISO20022 CEN
Development of guidelines
Development of Cross Development of Financial for standards
Industry Invoice (CII Invoice standard implementation
v.2 released on 30 Convergence with
september 2009) Development of guidelines
financial standards for interoperability
Reference for Reference for integration with Reference for
e-invoice model Financial messaging standard interoperability
CBI Consortium takes part in all these groups in order to contribute to standardization,
keeping CBI e-invoice standard aligned with international trends
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12. Financial Invoice ISO20022
 Convergence between UN/CEFACT standard and ISO20022 standard, as
recommended by the Expert Group
 Integration between supply chain and financial chain
 Facilitation to manage payments and reconciliation activities
Cross Industry Invoice
(CII): model for the Financial messages
international (SEPA credit transfer,
community Invoicing Financing
Request, etc.)
Approved on November 2010
ISO20022
Financial Invoice
The Financial Invoice ISO20022 will be interoperable with SEPA
payments and the ISO20022 Invoice Financing Request
12

13. Main CBI collaborations to support the standardization in
e-invoicing area
Main organisms involved
CBI Stakeholder Forum
Italian
Working Groups
eInvoicing
Expert
Group
International
Working Groups
13

14. The CBI community
•Electronic connection
Network via a unique front-end solution
Infrastructure •End-to-end communication among actors
•CBI Entry Point Service
680 Members: - FinancialInstitutions
- Poste and IMEL
Business
community - PSPs
>830.000 Users - Corporates
- PA
• Morethan 35 advanced services
features, related to:
Standardization ~1 mld
- Payments and collections
body transactions /year
- Document management
- Reporting
14

15. CBI Network Infrastructure: service model
CBI User CBI User
Area 1: Customer-
Access Bank
CBI CBI
services services
+ Central Public +
Administration (P.A.)
Competitive Competitive
services services
Access Financial Access Financial
Institution Institution
CBI Gateway
area - CBI governance
for P.A.
Area 2: Interbank
Executing Financial
Executing Financial Institution Executing Financial
Institution Institution
Area 3: Interbank
area for C&S
Clearing &
Settlement User  User (E2E)
Receiving Receiving
Financial Financial
Institution Institution
15

16. Functionalities and standards –
Mapping of the main functions
Upcoming
CBI defines rules for over 35 remote banking services, red XML based
whereof all the new ones based on XML/ISO standards blue SEPA compliant
Payments and collections Reporting Document Management
Credit transfer and checks • E2E sending/ receiving
• • Structured statements
non-structured documents
• Pre-authorized collections (RID) • Portfolio statements
• Non preauthorized collections • Advice of incoming • E2E sending/receiving
(RiBa, MAV) structured documents (e-
payments w/instructions invoice)
• Tax Payment (F24)
• XML Debit advice (Riba)
• SEPA credit transfer w/ advice • Invoice Financing Request
• XML Statements
to debtor and creditor
• “Intraday” account reports
• SEPA direct debit (Core/B2B)
• XML cross-border credit transfer
• Creditor Payment Activation Req.
CBI features and
SLA
 XML based  STP transmission  Process workflow
 Digital signature  Zero latency  International interoperability
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17. CBI Service value proposition: the value of
process integration
Seller
Integration
Data alignment
Order Deliver Invoicing Financing CPAR Payment Reconciliation
1 2 3 4 5
Buyer
CBI functions
Business communities
1 E2E e-invoice exchange
2 Invoice Financing Request*
3 Creditor Payment Activation Request*
4 XML SEPA Payments
5
Payment Status and Account Reporting
17
*Services registered in the ISO20022 Repository

18. E-invoicing in Business to Government (B2G) area
2008 Italian Financial Law: introduction of the e-invoice
obligation in the B2G domain
We are waiting for the publication of the Second Tax
Agency Decree
Public
interchange
system
Internet
Supplier Central Public
Administrations
Other channels
The CBI could be a value added channel to send e-invoices to the Central P.A.
18

19. The interoperability and the creation of international
business communities
CBI could support the development of extended
business communities acting as a gateway enabling
the connection with international players
Gateway
CBI
Proprietary CBI
Infrastructure community
Shared
Infrastructure
The CBI role as a standardization competence center will support:
•Interoperability of payment services
•Creation of international extended business communities
19

20. Think global, act local
Thank you
l.fratinipassi@abi.it
www.cbi-org.eu