Join the Community

22,322
Expert opinions
44,385
Total members
373
New members (last 30 days)
176
New opinions (last 30 days)
28,780
Total comments

Why you should OFFER proper e-invoicing

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 customer

1. gains convenience - especially with simple mobile payment approval

2. saves cost in the region of 15-30€ per invoice as payment approval and payments can be automated

3. saves much more when accounting, cash flow estimates, VAT-reporting etc is automated by automatically extracting needed data from received (and sent)  e-invoices

4. can start moving to real time financial administration - huge additional benefits

5. contributes to lower CO2

You:

1. gain convenience - especially fast by reusing bank file transfer and e-banking

2. save costs - in the region of 2-9€ 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?

 

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Join the Community

22,322
Expert opinions
44,385
Total members
373
New members (last 30 days)
176
New opinions (last 30 days)
28,780
Total comments

Trending

Steve Haley

Steve Haley Director of Market Development and Partnerships at Mojaloop Foundation

Understanding the Difference Between Digital Public Infrastructure and Digital Public Goods

Nkahiseng Ralepeli

Nkahiseng Ralepeli VP of Product: Digital Assets at Absa Bank, CIB.

Crypto's Bad Child Narrative: The True Crime Story You’re Not Being Told

Sergiy Fitsak

Sergiy Fitsak Managing Director, Fintech Expert at Softjourn

Top 7 Fintech Trends to Watch in 2025

Now Hiring