8 top quoted reasons for mandating Goverment E-invoicing

Paul Turner attempted to summarize the key reasons quoted by the various governments for mandating (or encouraging) electronic invoicing:


External compliance pressures

For instance the European Union cross-border trade efficiency agreements, and other pressures such as trading partners demanding e-invoicing).


Internal constituency efficiency pressures

For instance a law or policy notice that demands governments to ‘do more with less’.


The “clean and green” economy

Internal, external and compliance pressures to cut down paper usage and a reduction in Co2 emissions.


Increase the speed of transactions

In line with just-in-time (JIT) methodologies.


Reduce fraud and increase financial transparency and openness

For instance e-invoicing’s inherent ability to provide greater transparency and more complete audit trail of transaction approvals and other workflow milestones);


Improve and ensure tax compliance among constituents



The need for self-service portals for transactions on a ‘always on’ 24x7x365 basis


More effective financial capabilities

1. Improve the ability of government to manage cash flow, treasury and budgeting functions: e-invoicing provides the ability to give real-time or near-real-time reporting of cash flow.
2.  Gaining better visibility into cash flow and accounts payable enables government (and industry) to avoid late payment penalties and gain early payment discounts.

Related Posts

Comments are closed.