Project description DEENESFRITPL A unified e-invoicing management system Billions of invoices, mainly in the form of pdf documents, are sent and received across EU borders each year. Every Member State has a unique approach to dealing with electronic invoicing. Despite a strong push by the EU to establish a unified e-invoicing platform, which will be a big boost for business and the EU Digital Single Economy, there is still a long way to go. The EU-funded project UUR aims to harmonise e-invoicing management at the European scale. It is developing the first digital-native approach. It’s Universal Unique Reference (UUR) can be integrated into all existing invoice management solutions. Backed by the French fintech company Libeo, the project will conduct a feasibility study to validate its technological ability. Show the project objective Hide the project objective Objective In the last 20 years, the digital revolution has transformed the way we do business. The raise of fintech solutions and the globalisation of the economy have led to the introduction of new secured international standards, such as IBAN numbers. Yet, the digitalisation of invoices is still very limited, despite a strong incentive from EU governments to democratise electronic invoicing (e-invoicing). With legal variations from country to country, and no specific legal definition for e-invoice standards, many individual formats have been developed. As a consequence, existing solutions exhibit limited compatibilities towards each other, and most of e-invoicing management eventually boils down to exporting pdf documents.Libeo, a fintech company specialised in e-invoice management, is bringing forward the first digital-native approach to e-invoicing: Universal Unique Reference (UUR). Highly compatible, UUR is designed to integrate in all existing invoice management solutions, offering prospects for the harmonisation of e-invoicing management at the European scale.It is estimated that 8bn invoices will be produced in Europe in 2019. With UUR, Libeo ambitions to tackle the global e-invoicing market, valued at €4bn and growing at a 20% rate. By making e-invoicing accessible, we will allow businesses to save time and reduce human errors, as well as facilitating the detection of invoice fraud, a practice that leads to over €150bn loss per year.This feasibility study will enable us to validate our technological ability to tackle the European e-invoicing challenge, as well as consolidating our business model in regards to the monetisation of our solution. Fields of science social sciencespolitical sciencespolitical transitionsrevolutionssocial scienceseconomics and businessbusiness and managementbusiness modelsengineering and technologyelectrical engineering, electronic engineering, information engineeringelectronic engineeringdigital electronicssocial sciencessociologyglobalization Programme(s) H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs Main Programme H2020-EU.3. - PRIORITY 'Societal challenges H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies Topic(s) EIC-SMEInst-2018-2020 - SME instrument Call for proposal H2020-EIC-SMEInst-2018-2020 See other projects for this call Sub call H2020-SMEInst-2018-2020-1 Funding Scheme SME-1 - SME instrument phase 1 Coordinator LIBEO Net EU contribution € 50 000,00 Address AVENUE DE PARIS 112 94306 VINCENNES France See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Ile-de-France Ile-de-France Val-de-Marne Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 71 429,00
