The European Commission has announced that it wants to see e-invoicing as the predominant method of invoicing in Europe. In its Communication ‘Reaping the benefits of electronic invoicing (e-invoicing) for Europe’, the European Commission identifies a set of tangible actions to make the uptake of e-invoices in Europe easier.
It’s great to see the EU endorsing the benefits that we, and other vendors, have been promoting for many years. The move to e-invoicing will allow businesses to benefit from faster payments, fewer delays and errors, and reduced printing and postage costs.
Critically, structured e-invoices facilitate business process integration from purchase to payment, meaning that invoices could be sent, received and processed without manual intervention.
The Commission has decided to set-up a European multi-stakeholder forum on e-invoicing. Michel Barnier, Commissioner for the Internal Market and Services, said “E-invoicing has the potential to make a big difference, for businesses, consumers, and European trade as a whole. The benefits in terms of saving time and money are fully in line with our Europe 2020 strategy and with the Digital Agenda for Europe in particular.”
Links: http://bit.ly/ejvy83 (press release)