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Towards an API Marketplace for an e-Invoicing Ecosystem

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Enterprise Applications, Markets and Services in the Finance Industry (FinanceCom 2022)

Part of the book series: Lecture Notes in Business Information Processing ((LNBIP,volume 467))

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Abstract

Driven by a large number of very diverse and fast-evolving regulations, the adoption of e-invoicing is creating many challenges for solution providers, such as dealing with compliance requirements, cross-border issues, heterogeneity of standards and constant changes. Existing solutions do not represent a cost-effective and vendor-independent alternative to existing legacy systems, ERPs and databases. The proposed solution is based on leveraging cloud computing concepts, Software-as-a-Service concept, API economy, and Business Process Modelling (BPM) concepts. It allows solution providers to choose SaaS components and customise their offerings according to customers needs. Given an ecosystem of APIs available via a marketplace, it becomes possible to rapidly compose and build new applications via BPM technologies. The paper describes an implementation of this concept realised using several e-invoicing APIs being composed using the WASP workflow system. Some preliminary results regarding the feasibility of the proposed approach in a simple buyer-seller scenario are discussed.

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Notes

  1. 1.

    https://www.en-standard.eu/.

  2. 2.

    https://www.oasis-open.org/committees/tc_home.php?wg_abbrev=ubl.

  3. 3.

    PEPPOL most recent usage statistics in can be accessed at PEPPOL statistics from ionite.net.

  4. 4.

    https://ecosio.com/en/white-paper-e-invoicing-in-europe/.

  5. 5.

    https://www.akana.com/blog/api-economy.

  6. 6.

    https://www.trisotech.com/bpmn-introduction-and-history/.

  7. 7.

    https://www.academia.edu/67988083/IceCore_A_Web_Portal_for_Workflow_Execution.

  8. 8.

    https://www.efpf.org/post/orchestration-workflow-and-service-automation-platform.

  9. 9.

    https://www.efpf.org/.

  10. 10.

    https://portail.dgfip.finances.gouv.fr/.

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Acknowledgements

We wish to thank eBusiness eXpert and the WASP team for their contributions in developing the case study as part of the ebWASP project. This project/initiative has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No. 825075 – EFPF project.

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Authors and Affiliations

  1. School of Computer Science and Engineering, UNSW, Sydney, Australia

    Chinmay Manchanda & Fethi Rabhi

  2. Peter Faber Business School, Australian Catholic University, North Sydney, Australia

    Walayat Hussain

  3. Ebusiness Software Services, Sydney, Australia

    Chinmay Manchanda, Latif Rabhi & Fethi Rabhi

Authors
  1. Chinmay Manchanda
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  2. Walayat Hussain
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  3. Latif Rabhi
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Corresponding author

Correspondence to Chinmay Manchanda .

Editor information

Editors and Affiliations

  1. University of Twente and JADS, Enschede, The Netherlands

    Jos van Hillegersberg

  2. University of Twente, Enschede, The Netherlands

    Jörg Osterrieder

  3. University of New South Wales, Sydney, NSW, Australia

    Fethi Rabhi

  4. University of Twente, Enschede, The Netherlands

    Abhishta Abhishta

  5. University of Twente, Enschede, The Netherlands

    Vijay Marisetty

  6. University of Twente, Enschede, The Netherlands

    Xiaohong Huang

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Manchanda, C., Hussain, W., Rabhi, L., Rabhi, F. (2023). Towards an API Marketplace for an e-Invoicing Ecosystem. In: van Hillegersberg, J., Osterrieder, J., Rabhi, F., Abhishta, A., Marisetty, V., Huang, X. (eds) Enterprise Applications, Markets and Services in the Finance Industry. FinanceCom 2022. Lecture Notes in Business Information Processing, vol 467. Springer, Cham. https://doi.org/10.1007/978-3-031-31671-5_6

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  • DOI: https://doi.org/10.1007/978-3-031-31671-5_6

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