But why is one of the world’s most powerful nations putting on the brakes when it comes to adopting this technology? One of the main causes is the perception of the electronic invoice. It doesn’t have the same perception in the United States like it does in Latin American countries. In Latin America, the e-invoice is identified as a data laden document with a specific legal and fiscal structure that requires certain safety mechanisms such as an electronic signature. Billentis’ study says that two-thirds of companies in the United States send pdf invoices through email, and that less than 20% of them employ technology for the use of EDI data or apply processes for encrypting data such as the electronic signature.
In addition, digitalization in terms of business management processes is not widespread among companies, which would slow down the ability to adopt other systems such as the electronic invoice. As stated by Billentis, this occurs partly because budgets allocated toward technology are being limited because the money can be utilized in other areas. Another difference is that in other regions the government is passing laws that require the mandatory adoption of electronic billing models.
In Mexico, Chile and Brazil, the use of the electronic invoice is 100% mandatory. Today, virtually all other countries in Latin America are gradually demanding its use. Furthermore, in Europe, countries like Spain, Portugal, Italy and France have made the e-invoice mandatory in the B2G sector. In 2018, the entire European Union will utilize this system. The entire world is moving towards a paperless horizon.