1. Benefits of electronic invoice Mikhail Sklyarov Head of finance division METRO Cash & Carry Russia

3. METRO Cash & Carry Russia Key facts: Operative: Sales 2009, EUR Employees Stores 52 13.000 2.6 bn 2001

4. Content 2 E-invoice as part of EDI 3 Implementation of e-invoice 4 Summary 1 Benefits of e-invoice

5. 1-3 thousand hectares of forest is cut each year to produce paper for VAT invoices

7. Comparison of e-invoice and paper process Retail company Supplier ERP system Invoice Documents receiving Paper Process Retail company Supplier EDI invoice EDI provider ERP system EDI invoice EDI Process ERP system ERP system Invoice control

8. Benefits of e-invoice ++ - Master data quality ++ - Invoice storage ++ - Time for invoice processing ++ - Lost paper invoices - + Investment + - Invoice check and approval ++ - Invoice entry + - Document delivery E-invoice Paper invoice

9. Cost comparison for invoice processing

12. Content 1 Benefits of e-invoice 2 E-invoice as part of EDI 3 Implementation of e-invoice 4 Summary

13. EDI is a standard of electronic message exchange between supplier and retailer ORDERS – Electronic order RECADV – Confirmation of delivery DESADV – Dispatch advice INVOIC – E-invoice * Together with paper EDI Provider 90% 30% 2%* 30%

14. Content 1 Benefits of e-invoice 2 E-invoice as part of EDI 3 Implementation of e-invoice 4 Summary

15. Country r ollout of EDI Invoice Germany Live 01/1989 France Live 12/2005 Belgium Live 12/2005 Hungary Live 10/2007 Russia Live 07/2009 Portugal Test 01/2008 Live 02/2010 Spain Test 11/2008 Live 01/2010 Turkey in progress Poland in progress RU TR PL DE HU FR PT ES BE UA

17. EDI process together with paper Paper invoice Supplier Reconciliation of EDI and paper invoice Retail chain Invoice payment Input of total data Goods receiving data Store Archive EDI invoice Paper invoice

18. Legislation is still an open issue Make amendments to article 169 of Tax code Make amendments to accounting law From legislation point of view E-invoice = Paper invoice

20. E-invoice format should be EDI compatible to be integrated in EDI process ORDERS – Electronic order DESADV – Dispatch advice RECADV – Confirmation of delivery INVOIC – E-invoice

21. Content 1 Benefits of e-invoice 2 E-invoice as part of EDI 3 Implementation of e-invoice 4 Summary