The 4th EESPA annual survey results are in: >1,6 billion B2B/B2G/B2C e-invoices processed!

EESPA commissioned this fourth annual survey among its members as part of a continuing commitment to supporting the rapid market growth of e-invoicing and to play its part in monitoring take-up. The majority of invoices processed were B2B or B2G invoices (1035 million invoices in total in 2016), although the EESPA membership also has a significant involvement in the delivery of B2C invoices (580 million invoices in total in 2016).

 

 

The figures represent an indication of the total footprint represented by the EESPA community in relation to the growing volumes of e-invoices now being processed at the expense of traditional paper documents. The majority of EESPA members participated in the survey. For the latest year there was a substantial increase in the number of members reporting their figures.

Survey statistics

In 2016 the figures reveal an important growth in B2B and B2G transactions over the previous year, and the same for the B2C sector. Even after allowing for the increased participation in the survey B2B/B2G volumes grew by 18 % on a like for like basis and 16% for B2C volumes. EESPA expects that the move to e-invoicing by EU public administrations based on the provisions of Directive 2014/55/EU, should bring accelerating volumes based on the critical mass that is already evident in these numbers.

This year for the first time EESPA asked the question ‘what is the average value of an invoice processed by your firm?’. The figure derived from the relative limited range of responses was EUR 5868. On this basis, the total value of the reported invoices processed was EUR 9 477 billion.

The aggregated value of invoices processed by respondents to the survey, represents a significant and growing proportion of the European and global GDP. However it is acknowledged that gross invoice values cannot be equated with GDP owing to the need to eliminate the multiple counting of factor inputs contained in the total value of invoices generated in an economy’s supply chain to arrive at an accurate estimate of the true ‘value-added’ represented by GDP measures. Next year the average value exercise will be expanded.

EESPA Chair, Esa Tihilä:

“It is a pleasure to report the increasing buoyancy in the reported figures and to see the importance of having accurate numbers on e-invoicing adoption and exchange. We notice that these statistics are experiencing wide use. There are few systematic surveys in the market and the EESPA report complements the widely recognised Billentis annual survey’. (http://www.billentis.com/e-invoicing_ebilling_market_report_EN.htm)”

“This data is essential for European authorities in tracking the success of their policy initiatives in e-invoicing, and also signifies to those who have not yet started the e-invoicing journey, the value that e-invoicing makes to cost reduction, improved efficiency, competitiveness, liquidity generation and environmental benefits. It is clear that e-invoicing service providers are a growing part of digital transformation. Reflecting our commitment to supporting the growing number of e-invoicing adopters, we encourage all our members to participate in this survey, now completed for the fourth year running”.

Some more about the survey

The survey: the results are based on a survey of individual EESPA members completed in June 2017. Members provided statistics on the basis of actual transaction volumes for the calendar year 2016 to a trusted third party who collected the individual figures on a confidential basis and calculated the aggregated volumes.

EESPA members were asked to report the volume i.e. number of e-invoices delivered by them to buyers connected to their network or service, and also volumes delivered to buyers connected to another service provider. Each member was asked to carefully identify only truly electronic invoices, irrespective of the process through which the invoice or the invoice data were collected from suppliers.

A number of members were not able to participate for practical and policy reasons, and the sample size is therefore affected by this as well as the incidence of members joining and leaving the association. Some adjustment to the figures were undertaken to smooth out these factors. Given our insights into the volumes processed by non-participating members the overall volumes attributable to the EESPA community would of course be appreciably larger.

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