[00:00:00] Stéphane: Hello everyone and welcome. Thank you for joining us on this webinar. You can see in front of you a map that shows us how small we are. But I like it. I really like this map, because it brings us back to what we are, to all of our present thoughts around e-invoicing and e-reporting. All of this evidently under the great sponsorship of Tradeshift and KPMG.  

[00:00:31] Mariame, I hand you over the floor so you can introduce us to this subject.

[00:00:36] Mariame: Yes, thank you so much Stéphane and welcome everyone. In effect, there is a new issue in the Finance Law and we must prepare for it now. It will be applicable from 2024 and that is what we wish to share with you today with our partner KPMG: how to prepare for it. 

[00:00:58] Stéphane: Perfect! Shall we share some words around Tradeshift before handing over the floor to our partners from KPMG? 

[00:01:09] Mariame: Exactly! In fact, in Tradeshift our DNA is the e-invoicing; we were born a little over 10 years ago. We are very present in France and will have the opportunity to introduce to you how we position ourselves in terms of this Finance Law and how we will be able to support you. 

[00:01:28] Stéphane: And we have two big topics that will accompany us during the following 40/45 minutes, Mariame. 

[00:01:35] Mariame: Yes. The main topics will be: understanding better the content of the reform, what are the issues, the best practices, the impact it will represent for your organisations on your different legal entities. 

[00:01:56] Stéphane: The best practices for compliance, indeed, and then decrypting the solutions and the administrative complexities. 

[00:02:03] If I may add, before handing it over to our partners from KPMG, something you say quite regularly, Mariame, Tradeshift says it quite regularly: it is not a simple task. It is a complete upheaval… and it is an upheaval that one must be able to seize in order to be able to transform it into something positive, even profitable. 

[00:02:27] Julie? Laurent? Julie, shall I hand it over to you?

[00:02:30] Julie: Yes, with pleasure. Thank you, Stéphane. So, hello everyone, my name is Julie Tarbé de Saint Hardouin and I am associated with the Advisory teams, accompanying the transformation of the financing functions and I am lucky enough to be in charge of this “E-invoicing and e-reporting” services with Laurent Chetcuti.

[00:02:53] Laurent: Welcome everyone, I am Laurent Chetcuti, an associated lawyer at “KPMG Avocat”, the fourth business line of KPMG, and together with Julie we are in charge of the electronic invoicing services, which is, effectively, a reform with fiscal impacts, but which beyond that, is combined with finance subjects and transformations in the finance functions. 

[00:03:14] Stéphane: Exactly. Do you have something else to add, Julie?

[00:03:19] Julie: Yes, so, shall I quickly present KPMG?

[00:03:22] Stéphane: Absolutely, go ahead.

[00:03:23] Julie: Just very quick: KPMG is a company with a mission since this summer… the objective is to accompany our clients, whatever their size and sector, towards sustainable growth. We currently have four business lines: 

[00:03:41] The first one, traditional and the oldest one, is auditing and also public accounting. So, Laurent and I represent the legal services and the “Advisory” part. We have ten thousand collaborators in France, but our network is evidently global. We work with Laurent on a worldwide basis on these subjects of the reform, because the reform today… We are going to do a little bit more with you, Tradeshift in France. But the reform has an impact around the world, as we will see with Mariame through the different subjects. 

[00:04:20] Stéphane: Quite so. Yes, because the same states have the same problem almost everywhere. It is quite right to say that the heart of this reform, today, is to try to retrieve all the lost VAT that needs to be retrieved. 

[00:04:35] In conclusion, yes, these reforms are worldwide. Shall we get into the subject? Are we ready? So let’s start with the first part of this webinar: The best practices for compliance. Just to let you know very quickly, the chat is open from now on. I think we are all used to using Zoom, so at the end of the session we will have 5 or 6 minutes, maybe a little bit more if we have the time, to answer your questions. 

[00:05:03] So don’t hesitate and go ahead. Maybe we can even catch your questions on the go as we listen to our experts. So, Laurent, I’ll start with you: the best practices to ensure compliance with the new french obligations in terms of electronic invoicing and reporting. How can one be prepared for the new obligations in 2023, Laurent?

[00:05:30] Laurent: Well, Stéphane, first let’s recall the heart of the reform: the e-invoicing reform has two main components. One component is the generalisation of electronic invoicing for companies established in France. So they will have to face a change in the documentation format, which will become a structured message, so a PDF will no longer be an electronic invoice. That’s the first point. 

[00:06:00] And the second point is that for the international flows and the flows with international clients and B2C flows, one will not have to change the method for invoicing, the document will remain the same. On the other hand, this information will have to be communicated through a platform belonging to the State and via e-reporting. 

[00:06:21] Very important: e-invoicing and e-reporting, which are two new obligations in charge of the companies established in France that must communicate in real time their invoicing data, either through electronic invoicing or e-reporting. On this matter, it is very important to keep in mind that this is to fight against VAT fraud. First point. 

[00:06:44] And the second point: it will be necessary to allow the CA3 to be pre-filled. So, when we understand the heart of this reform, it is then possible to essentially ask: how can one be prepared? We can get a little confused when we imagine the nature and purpose of the reform, since, on one hand, it will bring the communication of data into real time.  

[00:07:11] On the other hand, it will demand to have a perfect control of VAT processes and its data, since it will no longer be possible to have access to a wrong parameter or an invoice that needs to be redone, since everyone will have the obligation to report in real time. 

[00:07:36] On this matter, our approach and the advice we give, is to operate in three stages. First step: the framework. What does this mean? It means to identify the current state of affairs, in order to determine where we are today in terms of VAT processes in light of the data. It should be pointed out that this reform affects all flows, so not just the main business flows, but everything from the rebilling costs to the other modalities of invoicing. 

[00:08:04] So that’s the real point. And once we have this mapping, we will be able to understand how the reform will impact our organisations. So what should be contained in the e-invoicing and e-reporting, and what doesn’t have to go through the platform? 

[00:08:17] Once we have done this, we need to think about the environment in which we want to evolve, from a business point of view in regards to ERPs, but also in regard to the tools that can be made available. 

[00:08:36] Stéphane: What is it that we should anticipate, exactly? Once we have all of this in mind, what should we anticipate? How do we go about it? Where do we start? That’s kind of the question. 

[00:08:45] Laurent: Well, obviously… (now that we mention it again), real time data will require companies to have an environment where the invoicing data can be easily communicated, thus we will migrate from an a posteriori control methodology to an a priori control, in order to ensure the quality of the data. We will no longer be able to have manual correction or operations outside the addressed environment.     

[00:09:14] Next, there is a really important pillar, which is the quality of the master data, which actually affects all the companies that have taken over it. This means that today they spend a lot of time trying to fix the data that are not complete, but tomorrow it will be necessary to spend more time to ensure that we have the data from the beginning.

[00:09:32] And then, VAT has an incredible advantage: it is an extremely lively subject, because there are a lot of reforms, a lot of jurisprudence. For example, for many years, we used advance payments for the delivery of goods without VAT, but there is a jurisprudence that has arrived to put that matter to an end. From January 2023, all the advance payments issued for the delivery of goods must include VAT. 

[00:09:51] It is also an opportunity to see all the VAT parameters and revise all the VAT settings to check if they are in conformity with the reglementation. We can say, without a doubt, that in the five years since the reforms were introduced, there is still quite some work to be done.   

[00:10:08] Stéphane: So between the State platform, Chorus, and my invoice, there are intermediate service providers. How can they ensure compliance?

[00:10:18] Laurent: Well, the only obligation that the provider will have, once certified, is meeting the conditions of the RGPD and cybersecurity requirements, and ensuring the integrity of all concepts that need to be filled and that the format of the invoice is correct. In this way, the invoices are received by the State platform or connected with the client’s partner platform. But in no way will he be in charge of the validity of the tax agents. 

[00:10:46] Stéphane: Understood. Everything is really clear. The provider only needs to be concerned about the protocol by which the invoice is written, but certainly not about the content of the invoice. Is that it?

[00:10:57] Laurent: Exactly, about the quality of the invoice. The provider will say if a TVA tax is present and will verify that it is present. He can’t say if it is correct or if you meet the conditions for the applicable tax deductions. 

[00:11:08] Stéphane: Very clear.

[00:11:09] How can this reform impact the organisations, their functions from a fiscal point of view?

[00:11:14] Laurent: The observation we are making today is that tax specialists, on the declaration side is often managed by the accounting department and, on the other hand, this function of digitalisation of VAT processes resulted from the wishful thinking of the departamental tax departments as they are often the poor equivalent of process automation and visualisation. 

[00:11:35] There is a true revolution to be carried out in terms of how the digitalisation of invoices can introduce a little more internal control in matters of VAT and also rise interest in the governance of tax data, which is also one of the projects that has not been completely accomplished in the directorates.

[00:11:51] We can see a lot of departments in which the head of tax collection is a hybrid between this reform and taxation. So this reform rearranges the cards of who does what in the organisation, and, finally, perhaps it also puts back the tax specialist at the centre of the game regarding the flows, since he will guarantee the company’s compliance. 

[00:12:11] Stéphane: Precisely. I would like to point out something (Laurent, thank you so much for these explanations), and that is: there is no opportunity to make a mistake. I think that is the point you were insisting on. With the new reform, one must really need to review all the invoicing processes from top to bottom, specially the VAT processes. Because once it’s gone, it’s gone. 

[00:12:27] Laurent: Exactly, and perhaps also to synthesise the statement: we are building something that will be great and very useful, but before anything it is necessary to ensure that the foundations are solid. 

[00:12:38] Stéphane: Absolutely. It will be great and very useful. Perfect. So you see, you can place your questions. By the way, Laurent, Julie and Mariame you can look at these questions and answer them either through the chat or address them on your own, if you wish to answer them. 

[00:13:00] Julie, I’ll hand it over to you now. The second part of this webinar: decrypting the solutions and the administrative complexities. The differences between OD, PDP, PPF, what can you tell us as an introduction to this topic?

[00:13:30] Julie: The topic of PDPs… so first, we have to remind our audience that a PDP is not an obligation, since every company can connect directly to the PPF. The question is to know if the PDP can help the company to send the invoice directly to the recipient. If the recipient has a PDP, it is an advantage and also helps to ensure the… not compliance but, in any case, the adherence to the formats of the directory of a certain number of things.

[00:14:09] Afterwards, a company can adopt a PDP, or many, depending on its flows. So this is something that needs to be assessed, depending on the resources available, what are the company’s flows? Therefore, for every company it depends on different matters. During issuance and entries, we know that some companies today have EDI, so their EDI suppliers tomorrow will probably position themselves to become PDPs.

[00:14:42] There is no unique solution with a single PDP, it will be a mix depending on the needs, the subjects and the flows. So we have the part of e-invoicing and the part of e-reporting, to be able to, in accordance to your specificities and interest, find the best possible solution. 

[00:15:08] And it is because of this, Stéphane, as you mentioned earlier, that it is important to have a clear framework for this project in 2023. 

[00:15:15] Stéphane: Yes, absolutely. So we can have multiple PDPs depending on the flows. And, is it possible to have different types of solutions, between OD and PDP, within the same company?

[00:15:25] Julie: Yes. But we need to note an important element: the OD can not do the same thing as a PDP. Today, given how regulations are defined and how specifications have been issued, the PDP can upload the invoice to the PPF, the e-invoice, but can also send the invoice because he carries a certain number of controls on behalf of the PPF, to the final recipient. What an OD will not be able to do. 

[00:15:59] An OD will be able to connect, just in the PPF, to retrieve and send invoices. The PDP will also be able to retrieve these invoices in the PPF, of course, but will also be able to file the e-reporting. And this, as the law is currently defined, can not be done by an OD. So, we can see that they don’t carry out the same roles and the issues are also not the same. Now, again, this truly depends on the resources available at the company and what are its necessities and specificities. 

[00:16:40] Stéphane: Which solution would be the most interesting for you today, Julie? In terms of price, for example? But only that, the question can be broader. 

[00:16:50] Julie: The question is indeed broader, since the PPF is currently free. It is a service provided by the State, so it is free. Then, a PDP can provide a certain number of services, I’m thinking for example of the PPF, which will ensure the storage during six years, since this is the duration of tax archiving. Therefore, it is undoubtedly possible to expect a PDP to be able to provide storage for commercial law, which is ten years. So we can already see that there can be complementary services. 

[00:17:22] The PDP, having a cost, must provide complementary services. It must also enable the company to make a certain number of controls. I am thinking in particular of the point that Laurent mentioned earlier, regarding the repository systems. It is truly important to have correct repositories to ensure that the recipient will receive the invoice.

[00:17:42] All these directory and life cycle control… those are the services that will provide the PDP, compared to an OD. It really depends on what you want to implement as a solution. Where do you want to go? It is difficult to answer this question in a generic way without knowing the particular case of the company, since we can see that depending on the matters, we can’t implement the same solution, and today I can´t know who will be an OD or a PDP in 2024 because the files must be submitted in March/April 2023, if I’m not mistaken. And so we should have a vision in July 2023.

[00:18:32] Stéphane: Well, we will see what Mariame just said. But precisely, Julie. When I discuss the issue in the companies (not very large companies, obviously, but the medium-sized companies), I hear a lot:

[00:18:46] Well, we will wait a bit to see how it all goes. We will see what works out, what doesn’t, etc. Are there things that need to be done now, Julie? Should we wait? I mean, how do you see the thing in terms of…

[00:19:03] Julie: There is the temporality of the reform, which means that we should not wait too long either, because on July 1st, 2024 we will not be able to reject the invoices received in the portal. We won’t be able to say that we haven’t received it because it is not in the right format. So on July 1st, 2024 the accounts payable flows, no matter our size, must be ready. 

[00:19:26] After thinking about what the impacts and changes will be, there are the things that can be anticipated, because there will be 18 months between the first day of implementation and the end of deployment of the reform, so we must prepare. Because the real time control mode, like Laurent mentioned earlier, induces a great deal of change in the operations. 

[00:19:57] And the more your company is not used to implementing this type of change, the more it is important to prepare to be ready by the hour, the day when you must send this information to the tax administration. Because it will no longer be possible to fix the CA3 like we do today to adjust it.

[00:20:16] Stéphane: Yes. So we must be prepared.

[00:20:18] Julie: It can all be anticipated, and then we can see that another issue is that today the editors are requested, there are many calls for projects that are been launched, but the longer we wait, if we never decide to choose a PDP and all the companies start requesting them in September 2023, the editors will inevitable select the files on which they have more chance…

[00:20:52] There is going to be a selection done without necessarily meeting the needs of the companies. Anticipating is a way of selecting the partner that will be the most adequate to accompany you, without having to be in the middle of a first-come-first-served selection. 

[00:21:15] Stéphane: It is really interesting. Well, perfect, thank you Julie. Mariame, I’m back with you for the third part of this webinar, which has been taunting us for a while with that slide already on screen!

[00:21:35] Mariame, go ahead, because that is obviously very interesting: there are all the obligations we have seen here, the obligation to comply, etc. And then there is the leverage, which is your conviction at Tradeshift: there is the leverage for creating value from what this reform might represent. What can you tell us about all of this, Mariame? 

[00:21:54] Mariame: First of all, Tradeshift is positioned as a PDP, which means that we will be able to accompany the enterprises to control the conformity, ensure the reception and transmission of invoices and the interoperability with a number of other PDPs. Behind this, we will also be able to extract the data, as Laurent explained, the e-reporting regarding the transactions that are not domestic transactions, and to manage the life cycle through status management.

[00:22:41] And then, naturally, we will guarantee to be able to transmit the information linked to the directory of the PPF. That is the position of Tradeshift, we are registered as a PDP for our clients. And later on, I hope, for other companies.

[00:23:05] Stéphane: I just have a small question, Mariame. Are the certifications already done today? I mean… What is the schedule? 

[00:23:12] Mariame: Well, the certifications are not done yet. We are in the process of confirming with the tax authorities that Trafeshift will apply as a candidate to become a PDP. And to date we are working on a gap analysis to know what else needs to be developed for Tradeshift.

[00:23:48] It is in this matter that I will have some good news because, as I said, Tradeshift’s business core is e-invoicing, and we already have a lot of experience in countries that have already implemented continuous transaction controls. Also, we are looking to go further because we wish to help suppliers with the notion of enrollment.  

[00:24:16] We know how to integrate with all types of ERPs and we have clients that compete with us to become a PDP. We have a really solid base in France, of clients that are either French or also international clients who have a legal entity that issues transactions in France. We also support outgoing transactions, we are already connected to Chorus Pro, so also with the PPF.

[00:24:49] Stéphane: Okay, let’s continue.

[00:24:51] Mariame: So, very quickly: the directory. Tomorrow Tradeshift will generate a directory for our clients. It will have three levels of identification that will enable multiple recipients: SIREN, SIRET and routing code.

[00:25:08] That is a strong point in our offer. The life cycle is the transmission of the payment status, currently it is already integrated in the offer of Tradeshift, we already take care of the required statues. And we can even go further, if necessary. 

[00:25:32] The e-reporting: we are already compliant in comparison to the a posteriori model in France, therefore, for the e-reporting we already have a list of partners. A consolidated list. And tomorrow we will add a complementary e-reporting that will allow us to cover the tax requirements.

[00:25:59] The functioning of Tradeshift as a PDP: What you need to remember is that we will ensure fiscal compliance, we will manage the life cycle and the e-reporting concerning transactions that are not domestic. We have integration capabilities because we use a built-in middleware, so we can integrate with our clients and also with the PPF and interoperate with other PDPs in the market. I don’t know if you have any questions?

[00:26:36] Stéphane: Yes, there are, I don’t know if you can see them. I am going to be honest, the questions are really technical so… I think you can see them, Julie, Laurent, Mariame, and know if you have the capacity to respond to them or not. We have a question regarding the stocks throughout the European Union…

[00:26:59] Laurent: Maybe we can answer them at the end of the webinar.

[00:27:01] Stéphane: Yes, we can answer them at the end of the webinar and leave them on the side for now.

[00:27:07] Laurent: But, on the other hand, I don’t want to interrupt the subject. “But if a company has stocks all over Europe and secondary registrations (for the benefit of all we will read the question), the stock transfers from these countries are declared inside the VAT declarations and also submitted via e-reporting?”

[00:27:26] Well, if you’re in a multi-stock system, the transfers are subject to a proforma and the proforma, as such, is not a transaction. So what is a bit particular is that, in the end, that will be subject of a sale to a foreign client and it is perhaps this transaction that will have to be reported. But it is really a good question.

[00:28:03] Mariame: I confirm. Today there are no longer companies or colleagues at Tradeshift that are certified. However, we have already submitted our request and we have our client database waiting for us, anyways. 

[00:28:28] This is also where I would like to mention Tradeshift’s positioning as a PDP, but we can also go further, for example, we can be become your partner in France, regarding the e-invoicing and e-reporting to ensure compliance in 2024, but also we can accompany you in every country, in the rest of the world, in all countries where you have legal entities.

[00:28:58] We can go further than compliance, whether it is a posteriori or a priori. A priori is today’s topic, with the Finance Law. Also, in relation to the automation of your accounts payable by proposing convergence, two ways, three ways, the management of intercompany invoices, for example. 

[00:29:25] Furthermore, regarding your database of providers under the Finance Law 2024, the suppliers who will send their invoices via the PPF or another PDP will not have the need to create an account with Tradeshift, since it will be received and processed directly through the platform. 

[00:29:47] And typically, if it is about the first invoice received by the provider, the client would have to do a simple mapping with the account. As I said, Tradeshift has the opportunity to accompany you in France, the opportunity to support you in automation, operational efficiency and also, we have internal teams that will enable the international roll-outs.  

[00:30:19] It is important to understand that we [Tradeshift] offer multi-channel reception of invoices, enrolment service and a network of over 1.5 million companies that are at your disposal. 

[00:30:33] To date, tax conformity on our side is in more than 53 countries including Italy, Turkey, China, Poland and a number of countries in Latin America that have already moved to continuous transaction controls, e-invoicing and e-reporting with subtleties in relation to each of the points I addressed earlier. 

[00:31:02] So that is regarding our capacity to support you through the e-invoicing and e-reporting transition. 

[00:31:10] Julie: Mariame, I think it is important to mention to our audience that all sectors are involved, even those that use EDI… that is an important matter to remember, even if you have the Edifact format, you should get closer to your supplier to see what he will do, if it is not Tradeshift, because all invoices from the moment they are within the scope of the VAT, they will come under the scope of the reform. So this affects all flows that have been going on for a very long time. 

[00:31:43] Mariame: Totally. It is indeed a really good point. And after the reform, with Tradeshift we can support you also in other matters, with marketplaces B2B and other subjects such as the ESG, the carbon footprint, the collaboration around your supply chain, analysis of expenses, tax calculation. So this is typically how Tradeshift can support you too when completely registered as a PDP.

[00:32:21] Stéphane: Is there something else to add, Mariame?

[00:32:23] Mariame: No, I think we can start with the questions. 

[00:32:27] Stéphane: I just want to say one last word, because you didn’t mention it but you talk about it quite regularly and I find it very interesting. It is the leverage of creating value: this means that Tradeshift also helps to retrieve (you know it obviously, because you’re at the heart of the operations there), but there is an enormous amount of information retrieved from these invoices.

[00:32:44] These electronic invoices will become a leverage for client relationships and transform the affairs between customers and providers. And there you have the solutions that are really interesting and will allow you to get a little bit more revenue, more added value in all of your B2B operations.

[00:33:04] Mariame: Totally. In the end, the objective and one of the missions of Tradeshift is to facilitate the affairs between customers and providers and be able to effectively retrieve more data. And then, there are other legal regulations that also obligate it, for example the Sapin Law, the duty of vigilance… so it is also at this level that Tradeshift can support and accompany the companies. 

[00:33:33] Stéphane: Very well. We have ten minutes to answer the questions. Mariame, I will leave it to you because they are very technical so… I will leave it to our expert.

[00:33:54] Laurent: They are really “pretty” questions, very interesting, that demonstrate that in any case… 

[00:33:58] Stéphane: Go ahead, pick one and respond! 

[00:34:01] Laurent: So we talked about the case of the proforma invoice, and what is inside the scope and what is not? That’s what we were saying, the necessary mapping of flows in order to determine the type of transactions that need to be “e-invoiced” and “e-reported” or kept outside.

[00:34:14] So, we have partially responded, but in that case it is not possible to know what is the tax treatment for the invoice made by the invoiced company, the method for VAT retrieval, for example. 

[00:34:26] So, it is a very fair point. To date, the administration hasn’t established an automatic methodology for calculating the VAT or pre-filling it. And it is true that companies that have different deduction coefficients than the majority of operators, meaning 100%, will certainly have to reprocess the pre-filled CA3, because it will no longer be pre-filed in order to be able to determine the deduction rights. 

[00:34:50] Hence the importance of knowing the quality of the data when we rely on the CA3. “Has Tradeshift already obtained the PDP certification?” (I think we already answered that). 

[00:35:00] Stéphane: Mariame, there is a question, the very last one: Does your portal allow you to display all the information inside the supply chain, meaning, not only the invoices but also the purchases? 

[00:35:09] Mariame: Yes, precisely. You can actually manage all the documents linked to the invoices as well as the assets, etc., and also the purchases. We can also go further, as I said, in terms of improving the affairs inside the supply chain. 

[00:35:37] So yes, we can manage and display this type of document, including the proforma, as it is part of the transaction aspects. 

[00:35:46] Laurent: And this question about e-reporting of international invoices: Are you going to look for the ERP information (it is a question for Tradeshift about the capacity of the tool to fetch information). I don’t know if Mariame would like to answer? 

[00:36:01] Mariame: Well, for the e-reporting of international invoices will you look for the information? The ERP of a french company, after accounting or directly by reading the invoices with an OCR tool.

[00:36:11] In fact that is more an IT matter, meaning that we will integrate with our ERPs and it will be done automatically. So in Tradeshift we don’t believe in the OCR tool. It is not our philosophy, we are truly into the digital by nature.

[00:36:34] Julie: Yes but Mariame, what we can say is that, even if it’s digital in essence, if our providers always send the invoices in PDF or paper, especially those who are international, because the scope of the reform today is that the invoices that go through the PPF, if they are french, they will have to be actually processed.

[00:36:55] So in the mid-term they will disappear, but it will be necessary to be able to treat them, nevertheless, and integrate them in the flows and retrieve the invoice lines because e-reporting requires fairly detailed information for the flows linked to the European community. 

[00:37:18] Mariame: Absolutely. I just explained Tradeshift’s philosophy but also, as I said before, we actually manage a multi-channel and, indeed, there will be an evolution from paper to e-invoicing from here to 2023, approximately, around Europe because all European countries are considering migrating to continuous transaction controls. 

[00:37:56] So, to date, we also support the treatment of paper invoices, treatment in PDF, whether it is a PDF text or a PDF image, we know how to treat it. So that’s it. I hope I answered your question. 

[00:38:15] Stéphane: I think so, very clearly. We still have five minutes. Julie? Laurent? The others…?

[00:38:25] Julie: There is another question for Tradeshift. I guess tools, such as Kofax which is more of an acquisition, but D365, I guess you have connectors, Mariam?

[00:38:37] Mariame: Yes, D365 for the rest of the audience, will become an ERP. So yes, we have connectors. As I said, we also have our own middleware built-in to the platform. So we know how to manage what our clients need, no matter the providers, with high agility. 

[00:39:02] Stéphane: That was the first slide: “Come however you are”. So you support everyone, you have the capacity to connect with everyone.  

[00:39:13] Perfect. I think we are at the end of the questions? “An agenda considering the size of the companies?” Yes, of course, there is an agenda according to the size of the companies. I think you know it better than I, but yes, there is an agenda.

[00:39:27] Mariame: Yes. So the agenda… Starting July 1st, 2024, companies will indeed have to receive their invoices via e-invoicing. All the legal entities located in France, which are more and less 4 million companies.  

[00:39:47] And then, concerning the outflow part, the emission of flows, we will have about 300 large companies that will also be targeted from July 1st, 2024 and then we will have a schedule for 2025 and 2026, depending on the income of the companies.

[00:40:06] Stéphane: But I think, like Julie said earlier, I think that we are all interested in preparing ourselves as fast as possible. I believe our clients, no matter if they are large companies (which is my case), will demand us to join the system as soon as possible. And we all have everything to win by joining the system. 

[00:40:32] Mariame: Absolutely. And we have to anticipate the bottleneck of PDPs. It is necessary to be prepared starting now. 

[00:40:43] Stéphane: Perfect. Would you like to add a word for concluding? Julie? Laurent? Mariame? No time to lose…?

[00:40:49] Julie: Indeed, no time to lose. For every specific situation and depending on your size, there are different solutions and scenarios to consider. And I think that the phase for establishing the framework is key. 

[00:41:05] Stéphane: Absolutely. Mariame, one last word?

[00:41:08] Mariame: Basically, you have to prepare from now. That is really my last word.

[00:41:15] Stéphane: And we have everything to win. You have really convinced me about that. I find that the relationship between the source of the tax and the income is very good.

[00:41:27] We were all worried about it, we wondered why they were getting into something like this and now I think we are all absolutely pleased with this new reform and we have understood its effectiveness. 

[00:41:38] Thank you everyone, thank you very much. Thank you Julie, thank you Laurent. Thank you for your attention.

[00:41:44] I hope we’ll meet again soon to keep talking about this fascinating topic. Have a good day, thank you!

[00:41:50] The rest: Have a good day! Thanks! Bye!