Billentis consulting has published a new edition of the annual “E-Invoicing / E-Billing” report describing the state of e-invoicing around the world. As in recent years, in 2017 this technology is again likely to increase, foreseeably by 10% to 20%. In total, the global volume of e-invoices exchanged should reach around 36 billion. Nevertheless, there is still a lot of potential for growth ahead.
Nowadays some 90% of these documents are managed on paper, although according to the Billentis report, this might change in the near future. By 2025, e-invoicing is expected to be the predominant model worldwide. In addition, other tax documents will be added, as is already starting to happen in many countries. This is due, on one hand, to the inexorable digital transformation, but on the other to the cost savings, estimated at 8% to 39% compared to invoicing on paper.
These are the general figures from the Billentis report, but the evolution of this technology is very unequal in the different countries. What is the status of e-invoicing in each area?