The Growth Opportunities Act aims to promote economic development and growth in Germany.

It includes various measures designed to increase investments, support innovations, and strengthen the competitiveness of companies.

EN 16931 is a European standard that defines the requirements for electronic invoices (e-invoices).

It plays a crucial role within the framework of the Growth Opportunities Act, particularly regarding the promotion of EDI and the digitization of business processes.

Here are some key points:

Standardization of e-invoices:
The standard establishes a uniform format for electronic invoices, facilitating the exchange between different systems and companies. This promotes interoperability and reduces complexity in accounting.

Legal Framework:
EN 16931 supports compliance with legal requirements for electronic invoicing in the EU. Companies using e-invoices can ensure that they meet legal obligations.

Efficiency Improvement:
By implementing EN 16931, companies can automate their invoicing processes, leading to faster payment cycles, lower error rates, and improved liquidity.

Integration into EDI:
The standard is closely linked to EDI applications, as it forms the basis for the electronic exchange of invoice data. Companies using EDI can implement EN 16931 as the standard for their invoicing.

Promotion of Digitization:
Within the framework of the Growth Opportunities Act, the introduction of EN 16931 is promoted as part of the digital transformation in companies. This supports the efficiency and competitiveness of businesses in the digital economy.

Contact for Implementation:

If you wish to send EN16931 compliant invoices via SMTP or PEPPOL, please contact us with the subject “#Growth Opportunities Act” + your supplier number at einvoice@bmwgroup.com.

Please also include your sending email address(es) in your request so that we can "white list" them.

We will get back to you once your address is ready for sending and will also provide you with the valid BMW recipient email address.

This will not be einvoice@bmwgroup.com.

Important:

Please ensure that the following data is available in the correct segments of your invoices:

-  Your 8-digit supplier number

-  Your VAT number

-  The correct booking circle of the invoice recipient (e.g., A1 for BMW AG)

-  Our VAT identification number
 

Example records and our guidelines with further information can be found here: BMW e-Invoicing Guidelines
 

Sending via PEPPOL:

Here is the link to our PEPPOL Directory -> Peppol Directory

Please ensure that the above requirements are also met here.