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News :: European Commission wants broad-scale adoption of e-invoicing by 2020

European Commission wants broad-scale adoption of e-invoicing by 2020

(02/12/2010) The European Commission wants to see e-invoicing become the predominant method of invoicing in Europe. In its Communication 'Reaping the benefits of electronic invoicing (e-invoicing) for Europe', presented by Vice-President Tajani and Commissioner Barnier today, the European Commission identifies a set of tangible actions to make the uptake of e-invoices in Europe easier. Providing invoice data electronically and in a format could allow businesses to benefit from shorter payment delays, fewer errors, reduced printing and postage costs. Most importantly, structured e-invoices facilitate business process integration from purchase to payment, meaning that invoices could be sent, received and processed without manual intervention. Currently, exchanging e-invoices is often complex and costly, in particular across borders and for SMEs. The Communication by the Commission addresses these obstacles and is complemented by a Commission Decision to set-up a European multi-stakeholder forum on e-invoicing.

Additional Information

Commission Press Room: IP/10/1645