Electronic invoicing continues its general expansion on a worldwide scale, even if different regions around the world are introducing this paperless billing system according to their own schema. While e-invoicing is pretty much optional in North America, in Latin America governments are defining mandatory models which affect most of the companies. Meanwhile, European countries go for B2G models that link e-invoices with the Administration.
One thing that is common for all these regions is the growth of electronic invoicing as a billing option. According to Billentis’ International Market Overview & Forecast, the estimated annual volume increase in electronic bills and invoices reaches a 20 % worldwide. This is why international companies must be familiar with electronic invoicing particularities in different regions, and know which countries are leading the e-billing process.
Mexico, the Latin America leader in e-invoicing
According to Billentis’ report, Mexico had the highest absolute and relative electronic invoicing growth rate in 2013. In this country, the majority of taxpayers are required to use the CFDI (Digital Invoice Via Internet), which resulted in over 4,500 million e-invoices issued between January and November 2014.
However, Mexico is not the only one running on the electronic invoicing race in Latam. Back in 2003, Chile was the first country in this region to roll out an electronic invoicing mandatory model, which is expected to conclude its expansion in 2017 with the inclusion of micro businesses. Brazil followed the Chilean model with the creation of its Nota Fiscal Eletrônica, towards which all companies transitioned in 2010.
Portugal leading digital billing in Europe
In Europe, Portugal has been one of the countries leading the e-invoicing roll out in the last few years, both on a B2B and on a B2G scale. Since January 2014, all invoices have to be provided to the system of Portuguese tax authorities on a digital format. In Italy, electronic invoicing is also growing up strong: the e-invoicing obligation that started coming in place step by step last June 2014 will affect up to 2.5 million companies.
Electronic invoicing in North America
Electronic invoicing is not mandatory in North America, even if companies working on an international scale must pay attention to the regulation established in each country. In the United States, e-invoicing is gaining more traction, demand is growing and its market is opening up. According to Billentis, this growth is mainly focused on SME’s, since digital billing was already first adopted by larger companies.
The leader e-invoicing solution
When looking for a technological partner that can lead a company’s invoicing process on a global scale, two things are crucial: the ability to comply with the different regulations in different regions and the flexibility to adapt to the ever changing digital billing panorama. To meet these two requirements, EDICOM has developed a full International e-Invoicing solution which includes sending and receiving platforms which are perfectly tailored to meet the specification of both leader regions and countries that are just starting their electronic invoicing adventure.