Thursday 28th September, 2017
The European E-invoicing Service Providers Association (EESPA) reports a significant growth of 29% and over 1.6 billion processed e-invoices in 2016.
EESPA’s fourth annual survey revealed 1,615 million electronic invoices were processed and delivered in 2016 by members of the European E-Invoicing Service Providers Association (EESPA). This represented a significant growth of 29 per cent over 2015 volumes of 1,252 million.
The majority of invoices processed were B2B or B2G (Business-to-Business or Business-to-Government) invoices (1035 million invoices in total in 2016), although the EESPA membership also has a significant involvement in the delivery of B2C (Business-to-Consumer) invoices (580 million invoices in total in 2016).
For the first time EESPA has received responses to a question "what is the average value of an invoice processed by your firm?" The figure derived from the relative limited range of responses was EUR 5868. On this basis, the total value of the reported invoices processed was EUR 9 477 billion.
EESPA Chair, Esa Tihilä, said, “This data is essential for European authorities in tracking the success of their policy initiatives in e-invoicing, and also signifies to those who have not yet started the e-invoicing journey, the value that e-invoicing makes to cost reduction, improved efficiency, competitiveness, liquidity generation and environmental benefits.”
He added, “It is clear that e-invoicing service providers are a growing part of digital transformation. Reflecting our commitment to supporting the growing number of e-invoicing adopters, we encourage all our members to participate in this survey, now completed for the fourth year running”.
EESPA members were asked to report the volume i.e. number of e-invoices delivered by them to buyers connected to their network or service, and also volumes delivered to buyers connected to another service provider.