Towards an API Marketplace for an e-Invoicing Ecosystem

Conference paper

Manchanda, Chinmay, Hussain, Walayat, Rabhi, Latif and Rabhi, Fethi A.. (2023). Towards an API Marketplace for an e-Invoicing Ecosystem. 11th International Workshop, FinanceCom 2022, August 23–24, 2022. Twente, The Netherlands 23 - 24 Aug 2022 Switzerland: Springer Nature. pp. 82 https://doi.org/10.1007/978-3-031-31671-5_6
AuthorsManchanda, Chinmay, Hussain, Walayat, Rabhi, Latif and Rabhi, Fethi A.
TypeConference paper
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.

Keywordsregulation; e-invoicing; compliance; Software-as-service; business process modelling; API
Year01 Jan 2023
PublisherSpringer Nature
Digital Object Identifier (DOI)https://doi.org/10.1007/978-3-031-31671-5_6
Web address (URL)https://link.springer.com/chapter/10.1007/978-3-031-31671-5_6
Open accessPublished as non-open access
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Book titleEnterprise Applications, Markets and Services in the Finance Industry
Page range82
96
ISBN978-3-031-31671-5
Web address (URL) of conference proceedingshttps://link.springer.com/book/10.1007/978-3-031-31671-5
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Online30 Apr 2023
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Deposited13 Sep 2024
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© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023

This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now
known or hereafter developed.

Place of publicationSwitzerland
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