With proper I mean structured e-invoicing - not e-mailing PDFs (as bad as paper mail - or even worse due to spam filters..).
So why?
Your supplier
Especially small enterprises can easily move into e-invoicing as so many service providers - among them almost all banks by know offer simple input templates both for single invoices and file transfer. I know it - as
I keep doing this in my own firm.
1. gains convenience - as many - if not most of his/her customers demand e-invoices
2. saves cost in the region of 2-9€ per invoice as payment approval and payments can be automated
3. saves much more when accounting, cash flow estimates and especially VAT-reporting etc is automated by automatically extracting needed data from sent (and received) e-invoices
4. can start moving to real time financial administration - huge additional benefits
5. contributes to lower CO2
You:
1. gain convenience - especially when able to approve payments with simple A-answer to mobile alert
2. save costs - in the region of 15-40€ per invoice
3. save much more when accounting, cash flow estimates and especially VAT-reporting can be automated by extracting needed data from sent and received e-invoicing
4. can start moving to real time financial administration - huge additional benefits
5. contribute to lower CO2
6. your employees can move from routines to more interesting, more productive and better paid jobs
Society at Large:
1. Large cost savings in public sector from adopting e-invoicing and automated reporting processes and accounting > lower tax pressure (cost for you and your customer).
2. Efficient and cost efficient grey economy counter measures. Just and wider tax collection > lower tax pressure and better rule of law
3. Better productivity as scarcer workforce can move in higher value tasks.
4. Lower CO2 (10m tonnes on EU-level)
Productivity leap! Anything else coming even close?
Time for Action. Mr Somebody Else will not do it..