Far more important than SEPA

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.