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e-Invoicing figures to reach 30 billion by 2016

14/06/2016

International e-invoicing consultant Billentis has just published its annual market analysis report on e-billing, this year under the title E-Invoicing / E-Billing. Digitization & Automation. The study, drawn up by Bruno Koch in collaboration with EDICOM as sponsor and one of the leading experts in developing these data transfer systems, forecasts around 30 billion e-invoicing transfers worldwide over the course of the year. This means a growth rate of 10 to 20% compared to 2015.

One of the areas expected to show the widest spread in use of this electronic system is the European Union. As of 2018, a directive requires that all Member States must be prepared to use e-invoicing in public procurement processes. In recent years, several states have already taken up their position on the issue. Countries such as Spain, Portugal and Italy have already laid down the obligatory nature of this system in the B2G area, while others, such as France, are planning to do so soon.

The Billentis report estimates figures of roughly 5 billion e-invoices exchanged with the public sector and between companies in Europe. In the B2C segment, the figure will be around 3 billion. In any case, these numbers are far removed from those for Latin America, the world’s most advanced region in the spread of e-invoicing. Figures there are set to reach around 8 billion B2B2G e-invoices and some 3 billion for final consumers.

In 2016, Colombia, Chile, Argentina and Peru continue to move towards massive widespread use of this system. Meanwhile, others like Brazil or Mexico, where use is now generalized and fully up and running, are rolling out new paperless initiatives for tax compliance.

The United States presents a different scenario. As we can see from the study on E-Invoicing / E-Billing. Digitization & Automation, this is the only area of the world where use of this technology is more firmly established in the B2C sphere than in B2B2G. In fact, forecasts for 2016 point to around 4 billion e-invoices being issued to consumers, whereas between companies and the public sector the figure is a mere 3 billion. Nevertheless, the segment is showing some growth compared to previous years.

Finally, the report refers to Africa and the Asia-Pacific region as the places with least implementation of this technology. In these regions, the number of e-invoices issued throughout the year will be roughly 4 billion, in similar proportions for those addressed to consumers and to businesses or government.

Download the report

EDICOM is one of the contributors to the Billentis study, as a point of reference worldwide for e-invoicing solutions and EDI. In fact, in 2015, over 250 million e-invoices were exchanged through the EDICOM platform alone.

To find out more about this technology and its expansion worldwide, you can download the free report on “E-Invoicing / E-Billing. Digitization & Automation”.

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