Review Exchange Summit Singapore 2019

The E-Invoicing Exchange Summit took place in Singapore on November 5 and 6, 2019. Almost 150 international experts, thought leaders and key decision-makers from 33 nations gathered to discuss best practices, new market developments, international solutions, and formed valuable, long-lasting business partnerships.

With the ASEAN region now approaching the implementation at full speed, topics at the E-Invoicing Exchange Summit highlighted Singapore´s first experiences in becoming a PEPPOL authority, and their strategy to onboard businesses to E-Invoicing. In the Singapore keynote IMDA´s Director-General for International Affairs emphasized the important role of E-Invoicing in Singapore’s strategy for a digital economy.

In the multinational, top-flight panels of experts the harmonization of different initiatives towards a truly global interoperability framework as well as the ASEAN perspective on E-Invoicing have been discussed intensively.

Presentations from South Korea, India and Taiwan showed their current status of implementation and the plans for a fast roll-out in the near future. More presentations gave insights into the legislative changes to new tax reporting requirements up to real time E-Invoicing requirements via government platforms. Country insights from Europe, Kazakhstan, Australia and New Zealand rounded off the convincing two day agenda.

Access all presentations on www.exchange-summit.com/exs/presentations

Monday, November 04

18:00 - 21:00 Registration & Icebreaker Reception

↓ Day 2

Tuesday, November 05

08:00 Registration, Welcome Coffee and Opening of Exhibition

09:00 Opening of the E-Invoicing Exchange Summit

Analyst Keynote

Bruno Koch

09:05 - 09:50
The Global E-Invoicing Journey 2019-2025
Bruno Koch, Market Analyst, Billentis, Switzerland
Free download
Latest E-Invoicing Market Report
The E-Invoicing Journey 2019-2025

Compliance

09:50 - 10:30
Amid Global Compliance Chaos, How Do You Keep Your E-Invoicing Processes Compliant?
Tax administrations everywhere are now mandating E-Invoicing‚ clearance to close massive VAT gaps. During this session, you will get cutting-edge analysis and predictions, and aim to answer questions such as:
• How are European and other countries outside LATAM implementing real-time or near-real- time invoice controls?
• What‘s really going on globally and what can you expect in the coming years?
• How can a company pragmatically keep up with requirements across all its current and new markets?
• What's the status on global policy initiatives to coordinate the many different real-time VAT control approaches?
Christiaan van der Valk, Vice President Strategy, Sovos, United Kingdom

10:30 - 11:00 Networking Break and Exhibition

Singapore

11:00 - 11:40 (Stream A)
How Singapore Customs Helps to Connect Businesses and Governments Across Different Types of Documents
With its Networked Trade Platform (NTP), Singapore Customs promotes connectivity across different service providers in trade and reuse of data in documents downstream in the supply chain. Examples of service on NTP include: Permit Preparation, ERP, freight booking, payment, financing, warehouse and fleet management, cargo insurance and more. Being an open platform, NTP is able to forge partnership with more than one provider of a particular service. We have multiple providers in each of the services to cater to the myriad needs of the corporates. Supported documents include invoices, purchase orders, credit notes. NTP supports UBL 2.1 standard which is a standard used in Singapore E-Invoicing push. NTP shares learning points and anecdotes from its experience in helping companies to catalyse digitisation and adopting standards.
Choo Wai Yee, Deputy Director, Networked Trade Platform Office (NTPO), Singapore Customs

India

11:00 - 11:40 (Stream B)
E-Invoicing in India: A new initiative under GST
Prashanth Agarwal, Partner, Indirect Tax, PwC India

PEPPOL

11:45 - 12:25
PEPPOL as a Global Network Enabling Business Transactions
• What is new in PEPPOL – global growth and value proposition
• Moving towards international interoperability among world regions
• PEPPOL tax clearance and reporting models
André Hoddevik, Secretary General, OpenPEPPOL AISBL, Belgium

PEPPOL as an Enabler for Digital Interaction with our Suppliers
• Experiences from Equinor, a multinational oil & gas and energy company
Arne Johan Larsen, Team Lead for Supplier Integration, Equinor ASA, Norway

12:25 - 13:50 Lunch Break and Exhibition

Australia and New Zealand

13:50 - 14:30
Collaboration in Action, Australia and New Zealand Leading the Way in E-Invoicing
Mark Stockwell, Director E-Invoicing, Australian Taxation Office, Australia and Mark Wierzbicki, Director E-Invoicing, Ministry of Business, Innovation and Employment, New Zealand

Singapore Keynote

Leong Keng Thai

14:30 - 14:50
How E-Invoicing Plays an Important Part in Singapore’s Digital Economy Strategy
Keng Thai Leong, Senior Advisor & Director-General (International Affairs), Infocomm Media Development Authority of Singapore (IMDA)

 

14:50 - 15:20 Networking Break and Exhibition

Roundtable Sessions

15:20 - 15:50
Discuss the most pressing business-relevant topics with your peers and gain valuable information
I. Global Standardisation Activities, Andrea Caccia, CEN/TC 434 on Electronic Invoicing and CEN/CENELEC focus group on Blockchains and DLT, Italy
II. Things you Need to Know for Successful E-Invoicing in LATAM, Vinicius Pimentel de Freitas, ENCAT Deputy Technical Coordinator, Brazil and International E-Invoicing Coordination, CIAT, Panama
III. Getting started with PEPPOL, Ger Clancy, Offering Manager eInvoicing & PEPPOL, IBM Watson Customer Engagement, Ireland
IV. Things you Need to Know for Successful E-Invoicing in Germany, Richard Luthardt, DATEV, Germany
V. Deep Dives into Australia´s and New Zealand´s E-Invoicing Journey, Mark Stockwell, Director E-Invoicing, Australian Taxation Office, Australia and Mark Wierzbicki, Director E-Invoicing, Ministry of Business, Innovation and Employment, New Zealand

Taiwan

15:55 - 16:35
E-Invoicing and VAT Lottery: Taiwan's Experience and Future Prospects
• Taiwan's VAT and Compliance System
• The E-Invoicing and GUI System in Taiwan
• Future Prospect and Sharing with Taiwan's E-Invoicing Experience
Stefan Huang Shih Chou, Associate Professor, Faculty of Tax Administration and Public Finance, National Taipei University of Business and Yin-Ying Chien, Associate Professor, Chih-Lee University, Taiwan

Panel Discussion

16:40 - 17:25
What Should be the Next Steps for Truly Global Interoperability?
This session brings together a panel of thought leaders to discuss how to build on the various successful regional and national initiatives and models for interoperability to create a truly global approach.
• Managing diversity and commonality - where are the pressure points?
• What is working consistently and why?
• Is there a recognisable standards 'stack' that could underpin a global approach?
• Bridging document standards used by industry and public sector: ANSI, EDIFACT, UBL and        European Norm?
• How to reconcile different business, fiscal and legal models?
• Building consensus and an alliance of stakeholders
Robert Tay, Cluster Director Modern Services, IMDA, Singapore
Chris Welsh, Chair Global Interoperability Framework Workgroup
André Hoddevik, OpenPEPPOL AISBL, Belgium
Vinicius Pimentel de Freitas, ENCAT Deputy Technical Coordinator, Brazil and International E-Invoicing Coordination, CIAT, Panama
Christian Vindinge Rasmussen Ambassador Connecting Europe Facility (CEF), European Commission

 

17:30 - 18:00 Individual Meetings and Networking

18:00 - 21:00 Networking Reception with Snacks and Drinks

↑ Day 1

Wednesday, November 06

08:30 Morning Coffee in the Exhibition

Singapore

09:00 - 09:40
Singapore’s Journey of the Nationwide E-Invoicing Initiative
• Our motive: what problems are we trying to solve?
• Our journey: from concept to live network in 10 months
• Our focus: adoption, adoption, adoption
• Our plan: a glimpse into the future
Seong Wah Geok, Director E-Invoice Project Office, IMDA, Singapore

Oil & Gas

09:45 - 10:25 (Stream A)
Oil & Gas Use Case: Establishing an Industry-Wide E-Invoicing Deployment Model to Meet International Demands
Over the last 20 years, the oil & gas industry has coalesced around common standards and technology and deployed these globally. The industry has been able to implement tax compliant B2G E-Invoicing including bespoke connections such as the Colombian DIAN (and its associated changes), Italian FATTURA PA, Mexican CFDI, and a PEPPOL pilot.
Key takeaways:
• See how a large complex industry was able to meet different country E-Invoicing mandates in a more cost and time efficient manner
• The importance of having standards in place and how large suppliers are still able to use the current PIDX standards when connecting to different government programs
• The push to accelerate Asia-Pacific’s oil and gas industry’s adoption of the same eInvoicing standards
Chris Welsh, CEO, OFS Portal, USA

Korea

09:45 - 10:25 (Stream B)
Korea's Experience and Achievements with E-Invoicing
Jae-Jin Kim, Vice President, Korea Institute of Public Finance (KIPF), South Korea

10:25 - 11:00 Networking Break and Exhibition

PEPPOL

11:00 - 11:40 (Stream A)
5 Factors to Consider when Picking a PEPPOL Provider
• EU and beyond
• Provider Landscape
• Connectivity Pros and Cons
• The 3 Ts of Support
• Plan for the Future
Ger Clancy, Offering Manager eInvoicing & PEPPOL, IBM Watson Customer Engagement, Ireland

Europe I

11:00 - 11:40 (Stream B)
Where Does Europe Stand in Terms of Implementation of E-Invoicing Standard and Future Challenges in this Important Area
Ivo Locatelli, Senior Expert and Team Leader Innovative Procurement, DG GROW (Internal Market, Industry, Entrepreneurship and SMEs), European Commission

E-Invoicing Adoption and Way Forward for Public and Private Sector in Germany
Ivo Moszynski, President, Forum for Electronic Invoicing Germany

Kazakhstan

11:45 - 12:25 (Stream A)
Digital Link Between Financial and Physical Supply Chain: E-Invoicing and Beyond in Kazakhstan
• Current status of E-Invoicing in Kazakhstan
• Further steps: Online VAT using blockchain technologies
Anvar Sadykov, Project Manager of E-Invoice project in Ministry of Finance of the Republic of Kazakhstan

Europe II

11:45 - 12:25 (Stream B)
Connecting Europe: E-Invoicing Experiences and Lessons learnt from European Countries
Christian Vindinge Rasmussen, Ambassador Connecting Europe Facility (CEF), European Commission

12:25 - 13:45 Lunch Break and Exhibition

Supply Chain Finance

13:45 - 14:25 (Stream A)
The Opportunities for Supply Chain Finance (SCF) within your E-Invoicing Ecosystem
The data, speed and efficiency of a digitised procure to pay process directly extrapolates into SCF value, which naturally attracts SCF providers. In this session you will learn:
• Why and how your network is so valuable
• How to leverage network value to attract the best SCF partners
• What a quality SCF offering looks like
• Why a suite of finance solutions, not “a” product is best
• Some notable procure to pay networks to ignite your thinking
Anna Jones, Managing Director, Financial Supply Chain Strategic Advisory, Australia

The Nordics

13:45 - 14:25 (Stream B)
Taking E-Invoicing to the Next Level: Sharing the End-User Experience From the Nordics
Learn how the public and private sector have moved beyond sending and receiving electronic documents such as E-Invoices by using strong value-added digital services.
Erik Abildgaard Knudsen, Product Director, e-Boks, Denmark

Panel Discussion

14:30 - 15:15
E-Invoicing - The ASEAN perspective
Moderator: Robert Tay, Cluster Director Modern Services, IMDA, Singapore
Panellists will be announced soon

 

15:15 - 15:30
Wrap-up, outlook and closing remarks

15:30 Farewell Coffee and Networking

16:00 End of the E-Invoicing Exchange Summit

↑ Day 1   ↑ Day 2

Are you interested in becoming a partner of the E-Invoicing Exchange Summit?
Please contact Alexandra Bayer, alexandra.bayer@vereon.ch

Market Analyst Bruno Koch (Billentis) predicts that at least each 2 months a new E-Invoicing mandate will be announced. Don´t be scared by this speed of change!

Join the international E-Invoicing community and meet all relevant experts in just one place at the leading event dedicated to E-Invoicing. Meet experienced practitioners and innovative strategists and benefit from an in-depth learning and networking experience. You will find best practices and tested solutions to the toughest challenges in E-Invoicing today!

Get involved and benefit from this great opportunity to learn and to share experiences on a global level. Meet and network with experts, thought leaders and professionals in E-Invoicing, Purchase to Pay, E-Procurement, Supply Chain Finance, AR/AP.

Learn more about how to benefit from a Partnership with the E-Invoicing Exchange Summit here.

Supporter


The Infocomm Media Development Authority (IMDA) is the PEPPOL Authority in Singapore, spearheading the nationwide E-Invoicing initiative. The PEPPOL network in Singapore has gone live on 9 January 2019. Enterprises can connect to the network to gain improved efficiency, reduced cost and faster payment cycles as well as access to new financing options.
www.imda.gov.sg/einvoice

 

Industry


e-Boks is one of EU’s leading eGovernment and digitalization partner, providing a secure cloud-based platform for communication and exchange of any type of documents between public authorities, businesses and citizens. With integrated services and providing support for more than 18mio EU citizens during the past 15 years, e-Boks is the preferred digital communication partner for the governments of Denmark, Norway, Sweden, Greenland and Ireland. e-Boks is providing businesses, citizens and public authorities access to key digital components and integrations such as eInvoicing support, eDelivery access points, various payment options with mobile, PSD2 and OpenBanking support, digital signing of documents and easy integration of eIDAS compliant eID solutions. e-Boks is co-owned by Nets A/S and PostNord.
e-boks.com


IBM has been a leading global provider of electronic trade, supply chain, invoicing and EDI-based services for over 30 years. As founder-member of OpenPEPPOL, IBM has operated PEPPOL services since 2007, and in 2018, rebuilt its global PEPPOL infrastructure entirely, and now operates 3 access point clusters, located in Dublin, Ohio, and Frankfurt, Germany, and serving the global markets. On-premise PEPPOL capabilities are offered by a number of IBM Business Partners. IBM is deeply committed to the spirit of openness, simplification and standardization embodied by the 4-corner-model, and sees this as key to unlocking global electronic trade interoperability. In addition to traditional EDI services, IBM has invested heavily in combining AI, Analytics and blockchain capabilities with supply chain data, in order to facilitate better insight and value.
www.ibm.com


Headquartered in Houston, OFS Portal LLC is a group of globally diverse suppliers helping operators in the use of industry best practices when digitizing their supply chain, promoting cost-effective approaches in making eCommerce a reality for both suppliers and operators. Membership is open to any supplier in Oil & Gas. Current OFS Portal Members include: Baker Hughes a GE Company, Halliburton, Schlumberger Oilfield, Select Energy Services, Total Safety, Weatherford International, and Wellbore Integrity Solutions.
www.ofs-portal.com


We believe business should be easy. That’s why we are building the world’s largest, open business network. With our cloud-based network, you can reach any business, anywhere in the world – no matter how many borders your operations may cross. We take care of the technical and regulatory requirements across your entire order-to-cash, purchase-to-pay and freight processes, to give you data accuracy and security, transparency and real-time visibility. All this through a single connection.
www.pagero.com



OpenPEPPOL is a non-profit international association responsible for the governance and maintenance of the PEPPOL specifications that enable European businesses to easily deal electronically with any European public sector buyer in their procurement processes. PEPPOL is not an eProcurement platform but instead provides a set of technical specifications that can be implemented in existing eProcurement solutions and services to make them interoperable across Europe.
peppol.eu

SNI Technology is a Computer Technology Corporation focused on Tax Compliance and Regulatory Reporting software such as e-invoice, e-ledger, e-delivery, SAF-T, SII and similar interfaces& technologies. SNI has been registered as SAP Global Application Development Partner and maintains a global operation, having its local representative offices in Turkey, Poland, Slovenia and partners in UK, Hungary and Spain. SNI provides certified SAP add on solutions that reduce the risk and cost of maintaining compliance for the world's largest companies, over 400 clients from more than 30 countries.
www.snitechnology.net


www.sovos.com

Networking and Media

Ardent Partners is a research and advisory firm focused on defining and advancing the supply management strategies, processes, and technologies that drive business value and accelerate organizational transformation within the enterprise. Ardent Partners actively covers the supply management solutions (eInvoicing, Procurement, Business Networks, Accounts Payable, Sourcing, Contingent Labor, and Payments) marketplace and produces research to help business decision-makers understand the technology landscape and identify the best-fit solution(s) for their specific needs.
ardentpartners.com

Asia Briefing is a wholly owned subsidiary of Dezan Shira & Associates, Asia's largest independent foreign direct investment practice. Founded in 1999, Asia Briefing through its stable of titles including ASEAN, China, India, Russia and Vietnam Briefings provides business intelligence to foreign investors interested or operating in these markets. We provide regulatory updates, analysis and commentary on today's real issues concerning the foreign investor in Asia. This includes daily online updates, regular magazines, and technical legal and tax guides to doing business in all of these markets. We are an award winning publishing house, regularly praised for our detailed and innovative content. Our editorial includes in-house researchers and analysts, in addition to featuring regular content from experienced, specialist lawyers and tax advisors within Dezan Shira & Associates. Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing legal, tax and operational advisory to international corporate investors. Operational throughout China, ASEAN and India, its mission is to guide foreign companies through Asia’s complex regulatory environment and assist them with all aspects of establishing, maintaining and growing their business operations in the region.
asiabriefing.com

Innovation is the common feature of the companies that we work with. Some are FinTech disruptors, posing a direct challenge to established institutions. Others are technology companies, providing solutions that produce positive outcomes for institutions and their clients.
Financial IT is a digital platform for multimedia and editorial content, rankings and overviews of major industry events. Financial IT magazine is published throughout the year in digital form. Financial IT magazine is available in print form at major trade events through our media partnerships.
We believe that our competitive edge comes from our established relationships with Financial IT companies and institutions, the breadth of the solutions described and the quality of content. Financial IT provides a detailed map of the everchanging space where the IT provider sector meets the broadly defined financial services sector.
financialit.net

SupplyChainBrain, the world’s most comprehensive supply chain management information resource, is accessed year round through a wide range of ever evolving multi-media formats by hundreds of thousands of senior level industry executives. In addition to addressing the fundamental principles of supply-chain management, SupplyChainBrain identifies emerging trends, technologies and best practices, forward thinking ideas and cutting-edge solutions-and continues to write and report about these as they evolve and mature.
supplychainbrain.com

Trade Finance Global (TFG) is the leading trade finance platform. We assist companies to access trade and receivables finance through our relationships with banks, funds and alternative finance houses.
Our award winning educational portal, Trade Finance Talks, serves an audience of 110k+ monthly readers across 186 countries, covering news and insights across print & digital magazines, guides, research papers, podcasts and video.
tradefinanceglobal.com

 

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