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Towards an API Marketplace for an e-Invoicing Ecosystem
Manchanda, Chinmay Hussain, Walayat Rabhi, Latif Rabhi, Fethi A.
Manchanda, Chinmay
Hussain, Walayat
Rabhi, Latif
Rabhi, Fethi A.
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.
Keywords
regulation, e-invoicing, compliance, Software-as-service, business process modelling, API
Date
2023
Type
Conference paper
Journal
Book
Enterprise Applications, Markets and Services in the Finance Industry
Volume
Issue
Page Range
82
Article Number
ACU Department
Peter Faber Business School
Faculty of Law and Business
Faculty of Law and Business
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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.
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.