The invoice is the most common business document to be transmitted electronically. In 2015 alone, an estimated 42 billion of the 500 billion invoices worldwide have been exchanged in electronic form only. The current figures of the EESPA members (European E-Invoicing Service Providers Association) also show a significant increase of 27 % for 2015 as a whole.
Electronic invoicing accelerates and simplifies the complete processing of incoming invoices. This is mostly due to the fact that manual activities such as scanning or registering are no longer necessary. As Gartner and Billentis stated, e-invoicing projects typically pay for themselves within 6 to 18 months.
German legislature added clarity to the e-invoicing issue: The basic conditions for exchanging electronic invoices have recently been considerably simplified. International use has also seen a positive development: In most countries, the exchange of invoices is regulated by VAT legislation; particularly in Europe, many promising campaigns are being conducted to establish structured data interchange.
All the details at the E-Invoicing Business Breakfast
Legal experts will explain in detail how to successfully automate the invoicing process on an international scale. Participate in the free-of-charge Business Breakfast on June 29, 2017, at Klassikstadt Frankfurt and join the discussion on legal requirements and current developments in the EU, on possibilities of optimizing the working capital, on technical requirements, and the need for coordinated project management in the implementation phase.
Register now for free at: https://www.comarch.de/ueber-uns/events-webinare/e-invoicing-business-brunch/
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