Infographic: The Present and Future of Invoicing
In 2016, businesses across Europe issued 36 billion invoices. Invoices are essential to cash flow, meaning the processes used to create and send them will have a large influence over an organization’s success. However, when sending, there remains a reliance on paper. This is an inefficient option which is fuelling the late payment problem across the region.
The Future is Digital
The popularity of Electronic invoicing (E-invoicing) is on the rise. With adoption being driven by the European Commission, it’s only a matter of time before they become mandatory across the region. Able to make the invoicing process far more cost-effective and efficient, they can have a positive impact on the late payment problem too.
Have a look at the stats below to discover the difference E-invoicing can make.