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.
