E-invoicing is by all measures far more important than SEPA (a claim I have been making since the first SEPA-discussions).
Far more important for:
- productivity in EU enterprises
- cost savings in the public sector
- CO2 reduction
- and above all as the next milestone in building the Single Market
Allmost all invoices in EU are digitally born – but 93% of them are reduced and impoverished into paper or PDF – only to be re-digitized at great expense and loss of much of the valuable information originally included.
Only 7% make it in digital form all the way into the receivers systems. When this share is increased to north of 50% the impact on migration to SEPA-payments will be radical as the defacto ready ISO-standard for e-invoices leads to SEPA-payments – automatically.