Directive 2014/55/EU on eInvoicing in public procurement calls for the definition of a common European standard on eInvoicing, preventing the spread of diffuse standards and specifications in the Single Market.
eInvoicing brings great savings to European public administrations and to businesses. An estimated € 920 million in savings has already been recorded between 2015-2017 through eInvoicing alone. The eInvoicing standard is part of the Digital Single Market Strategy aimed at reducing barriers unlocking on-line opportunities. Thanks to the standard, it will be easier for companies to manage their contracts in any Member State, which will contribute to make public procurement more attractive for businesses.
The Commission’s Connecting Europe Facility (CEF) eInvoicing Building Block provides regular support to public administrations and businesses through supporting services such as trainings, a dedicated service desk, a comprehensive knowledge base and stakeholder management.
Learn more on the CEF Digital website.