Technology Partnership Between xSuite and PEPPOL Access Point Storecove
Summary
"To be in line with the German realization of the EU e-invoice regulations, public sector clients that offer an e-invoice portal must do so based on PEPPOL. One of the services provided by the company is that of format conversions, e.g., transforming a German XRechnung into an Italian FatturaPA or a Singaporean InvoiceNow. As a provider of centralized services, Storecove relieves companies of this effort.The PEPPOL (Pan-European Public Procurement OnLine) initiative was founded in 2008 as a test project by the European Commission, targeting public sector clients in the EU, with the purpose of increasing the efficiency of electronic document exchange in the procurement process. "BIS Billing 3.0" is a new e-invoice standard which can be adapted to the needs of individual countries by the responsible national authorities (e.g. XRechnung in Germany by KosIT). The organizations connected are provided with security in the exchange of business documents and issuance of electronic invoices to companies and government agencies across Europe.
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