The BASDA committee is due to meet in November to agree the XML scheme, which already has heavyweight support from the likes of Intel, Microsoft, the United Nations and the European Union.
Taylor also urges providers to work towards releasing XML software. He added that if the November meeting was successful, remittance and statement packages may be available in the first quarter of next year.
The warning came as the company launched its own XML schema extending the orginal BASDA certified specification to enable documents generated within or between organisations to be sent or received in XML.
Meanwhile, BASDA chief executive Dennis Keeling unveiled the latest eBIS-XML Web Shopping Cart schema, which enables companies to transmit orders generated on their websites directly into their back office and financial systems.
The technology already allows direct exchange of purchase orders and invoices between different business software. So far over 150 business software developers are implementing the BASDA eBIS-XML interface.
‘By using the e-BIS XML standard with the Web Shopping Cart schema they can link directly to hundreds of different back office applications from SAP to TAS Books’, said Keeling.
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast