In an effort to achieve significant savings, EU authorities in 2014 decided to implement new legal regulations relating to public procurement. Specifically, in order to harness the cost benefits of an automated exchange of invoice data in a structured format, on 16 April 2014 the European Parliament and the Council of the European Union agreed to adopt e-invoicing Directive 2014/55/EU, requiring all European government bodies to receive structured electronic invoices from suppliers.
Source ecosio.com
