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hello and welcome to this video on the European standard on electronic invoicing the e-invoicing directive calls for the definition of a common european standard on electronic invoicing the directive dictates that Member States shall adopt it so that it will become mandatory for all contracting authorities and contracting entities to receive in process een voices complying with the European standard this video will explain three important components of the e-invoicing standard the core the sires and extensions to do this well have a look at a couple of examples Maria works for the central government and is responsible for procurement she buys phone services from Lucy who works for a phone service company Maria and Lucy take on the role of buyer and seller in this scenario likewise we have Dmitry working for a public hospital and Bernhard a food manufacturer they to exchange goods and services in the role of buyer and seller both buyers request goods or services in large quantities an