ADVANCING EFFICIENCYADVANCING COMMERCE eInvoicing European Directive & UK Plans Steve Shirley,...
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Transcript of ADVANCING EFFICIENCYADVANCING COMMERCE eInvoicing European Directive & UK Plans Steve Shirley,...
ADVANCING EFFICIENCY ADVANCING COMMERCE
eInvoicing European Directive & UK Plans
Steve Shirley, Senior Director, Public SectorOctober 29, 2014
©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE
• We connect consumers, financial institutions, merchants, governments and businesses worldwide, enabling them to use electronic payment instead of cash and cheques
• We use technology and data driven insights to make electronic payments more convenient, secure and efficient for people everywhere
• MasterCard does not issue cards, but develops advanced payment solutions and seemlessly processes billions of transactions around the world each year
• Our business has a global reach – extending to more than 210 countries and territories and continue to experience growth in a world where 85% of transactions are still made in cash and cheques
MasterCard is a technology company in the global payments business
Who is MasterCard?
October 29, 2014
Page 2
©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE
MasterCard provides governments with solutions that help them reduce costs, gain efficiencies, curtail fraud and corruption and advance social progress
In the simplest terms...
Who is MasterCard?
October 29, 2014
Page 3
©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE
Reducing Cost and Driving Efficiency
• Reduce costs by enabling governments to deliver payments electronically
• Drive efficiency by helping governments : -
– eliminate paper systems
– implement identification solutions
– manage social payments
– improve procurement
– deploy better transit payment options
Who is MasterCard?
October 29, 2014
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©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE October 29, 2014
• eInvoicing is the complete removal of paper from the invoicing process
• and replacing it with electronic versions
• not a new or even recent phenomenon - some of the earliest eInvoices were sent over 30 years ago
• since then eInvoices have continued to be adopted in the private and public sector at a variable pace
What is eInvoicing?
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Electronic Invoicing
©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE
Accelerating eInvoicing across Public Sector
Call for Written Evidence
ParliamentarianSponsor
Committee Formed
Written Evidence Delivered
Call for Verbal Evidence
October 29, 2014
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©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE
Accelerating eInvoicing across Public Sector
October 29, 2014
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©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE October 29, 2014
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Accelerating eInvoicing across Public Sector
The Government should encourage transparency and greater efficiency by establishing defined targets for eInvoicing in the public sector, for example, by including how much they pay by eInvoicing and how quickly they pay, in their annual reports.
©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE October 29, 2014
Theme 1: The adoption of eInvoicing in the UK public sector supporting economic growth
The public sector would benefit from a more efficient process and a minimum of £2 billion per annum savings
• there is a genuine need for HM Treasury/Cabinet Office/National Audit Office to establish the real and measurable savings for eInvoicing across the public sector, with a defined official methodology
• eInvoicing improves liquidity to SMEs through being paid on time and paying their suppliers faster
• Government has the opportunity to generate economic growth and innovation through its immense purchasing power.
Parliamentary Inquiry Report – Key Findings
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Accelerating eInvoicing across Public Sector
©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE October 29, 2014
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Accelerating eInvoicing across Public Sector
Make eInvoicing a contractual requirement in the public sector and set common standards against the background of the European eProcurement Directives, based upon learnings from the private sector
©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE October 29, 2014
Theme 2: Learning from the UK private sector
The public sector should promote the productivity and financial benefits of eInvoicing both internally and to the supply chain
• there is a need to agree on a common set of standards
• the adoption of eInvoicing as a contractual requirement should be accompanied by guidance to implementation, leveraging best practice from the private sector and around the world.
Parliamentary Inquiry Report – Key Findings
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Accelerating eInvoicing across Public Sector
©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE October 29, 2014
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Accelerating eInvoicing across Public Sector
The UK should be moving from average to world leading and, by looking at the experience of other countries, seriously consider whether mandating is required in the public sector
©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE October 29, 2014
Theme 3: Learning from other countries
Mandating eInvoicing has increased the speed of adoption in other countries
• there is a widespread perception that cost is a barrier to adoption, which can be addressed through offering nil cost solutions to SMEs - VAT returns could act as a measure to confirm the threshold under which small businesses do not pay to participate
• the lack of access to clear data on eInvoicing across the public sector along with the complex public sector structure further inhibits change, however potentially beneficial it might be
Parliamentary Inquiry Report – Key Findings
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Accelerating eInvoicing across Public Sector
©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE October 29, 2014
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Accelerating eInvoicing across Public Sector
The Government should ensure that the rapid transposition of the European eProcurement Directives through legislation also confirms an obligation to adopt eInvoicing
©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE October 29, 2014
Theme 4: European legislation provides a framework for change
• There is a need to rapidly transpose the implementation of the European eProcurement Directives and simultaneously introduce eInvoicing, as without this SMEs in particular and public sector in general will not reap the full benefit
• no large IT project is required to implement eInvoicing
Parliamentary Inquiry Report – Key Findings
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Accelerating eInvoicing across Public Sector
©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE October 29, 2014
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Accelerating eInvoicing across Public Sector
eInvoicing solutions should be paid for by efficiency savings, and be free to small businesses (up to a defined level of activity) to encourage and ensure their involvement.
©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE October 29, 2014
Theme 5: Greater inclusion of SMEs in the public procurement process
• eInvoicing must be easy and cost effective to ensure greater SME participation
• the Government should seek to increase the number of SME suppliers in the UK public sector supply chain
Parliamentary Inquiry Report – Key Findings
Page 17
Accelerating eInvoicing across Public Sector
©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE October 29, 2014
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Accelerating eInvoicing across Public Sector
The Government should encourage transparency and greater efficiency by establishing defined targets for eInvoicing in the public sector, for example, by including how much they pay by eInvoicing and how quickly they pay, in their annual reports.
Make eInvoicing a contractual requirement in the public sector and set common standards against the background of the European eProcurement Directives, based upon learnings from the private sector
The UK should be moving from average to world leading and, by looking at the experience of other countries, seriously consider whether mandating is required in the public sector
The Government should ensure that the rapid transposition of the European eProcurement Directives through legislation also confirms an obligation to adopt eInvoicing
eInvoicing solutions should be paid for by efficiency savings, and be free to small businesses (up to a defined level of activity) to encourage and ensure their involvement.
©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE
Accelerating eInvoicing across Public Sector
Marion King, MasterCard President, UK and Ireland
with Rt Hon, Francis Maude,
Minister & Stephen McPartland MP at
Houses of Parliament
Report Launch
October 29, 2014
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©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE
Accelerating eInvoicing across Public Sector
The Result
October 29, 2014
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©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE October 29, 2014
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Cabinet Office presentation to UKNeF
©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE October 29, 2014
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Cabinet Office presentation to UKNeF
©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE October 29, 2014
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Cabinet Office presentation to UKNeF
©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE October 29, 2014
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Cabinet Office presentation to UKNeF
©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE October 29, 2014
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Cabinet Office presentation to UKNeF
©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE October 29, 2014
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Cabinet Office presentation to UKNeF
©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE October 29, 2014
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Cabinet Office presentation to UKNeF
©2014 MasterCard.ProprietaryADVANCING EFFICIENCY ADVANCING COMMERCE October 29, 2014
Small Business, Enterprise & Employment Bill
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And the next steps……..