21 April 2014

E-invoicing eye-openers

Friso de Jong - EEI Platform

38 | posts 130,859 | views 28 | comments

Electronic invoicing

A discussion and guidance on the path to full scale adoption of electronic invoicing by corporates, goverments, SME's and consumers, creating savings up to € 60 billion in 2020. With a focus on: trends, business models, processes, technology, and legal issues.

8 Crucial Tips to Avoid paying Fake e-invoices

15 September 2011  |  3545 views  |  1

Acquisition fraud costs entrepreneurs hundreds and hundreds of millions of euros per year. Acquisition fraud among other things implies that invoices sent invoices for products or services that never have and will be delivered.

Acquisition fraud using fake invoices is part of the old school paper world. Therefore, as digitization and e-invoicing increases, the number of fake (e-) invoices will increase correspondingly.

8 tips to avoid paying fake (e)invoices
The following tips will help you prevent to pay fake invoices

  1. Check the business information on the invoice
    When in doubt, check the business data of the so called supplier on the Internet and on websites that fight against acquisition fraud.
  2. Verify billing information with transportation data
    Make sure the company information in the invoice matches, for example, the e-mail address. Do not rely on the data in invoice or the message. Compare the information. View the address of the claimed supplier meticulously. Sometimes, a dash, a letter or other initial more or less can make all the difference.
  3. Check the company name with the content data
    Are your operation mainly based in your own country and do you receive a foreign invoice? Be aware. Does the business name correspond with the subscription of the account number?
  4. Create a white-list/black-list
    Keep track of suppliers that received your consent to send you an electronic invoice.
  5. Price/performance analysis
    Is the price mentioned in the invoice reasonably proportioned to the products or services that have been claimed?  When in doubt, contact the responsible or the contact person.
  6. Invoice matching: contracts and/or purchase orders
    Does your organisation use an administration with purchasing orders? Check whether a purchase order has been issued that corresponds with the invoice.
  7. Take your time…
    Sometimes the lack of time is used to put you under pressure to quickly pay an invoice. It is mentioned that otherwise a subscription ends, or that the competitor with "something" compromises, with "consequences". Don't take the bait and take your time.
  8. …to read through the small print carefully
    Literally look for the small print (the general terms and conditions). In general, the smaller the print or the more difficult to discover, the more important it is to sift through the information (and the greater the negative consequences can be if you don’t).

Comments: (1)

James R. Clawson - iPayables - Lake Forest Caifornia | 27 September, 2011, 17:14

Frisco great tips on how to avoid fraud.  I believe it is becoming more and more a major problem on the internet.  Follwing these 8 tips will keep any Company or Person from having to deal with these type of matters.

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Latest posts from Friso

Spain deploys seven standards for technical interoperability

28 October 2011  |  3400 views  |  0  |  Recommends 0 GroupElectronic invoicing

Dutch B2G e-invoicing adoption falls behind expectations

11 October 2011  |  2692 views  |  0  |  Recommends 0 GroupElectronic invoicing

Discussion: 7 facts and myths about PDF invoices

29 September 2011  |  4582 views  |  0  |  Recommends 0 GroupElectronic invoicing

8 Crucial Tips to Avoid paying Fake e-invoices

15 September 2011  |  3545 views  |  1  |  Recommends 0 GroupElectronic invoicing

Ladies and gentlemen, the EESPA has landed

13 September 2011  |  3584 views  |  0  |  Recommends 0 GroupElectronic invoicing
name

Friso de Jong

job title

Chair

company name

EEI Platform

member since

2010

location

Amsterdam

Summary profile See full profile »

Friso's expertise

Friso writes about
Mobile & onlinePost-trade & ops

Who is commenting on Friso's posts