Thursday 20th September, 2018
According the fifth annual survey by the European E-invoicing Service Providers Association (EESPA) 1 984 million electronic invoices were processed and delivered in 2017 by its members. This represented a significant growth of 22.9 per cent over 2016 volumes of 1 615 million.
The majority of invoices processed were B2B or B2G (Business-to-Business or Business-to- Government) invoices (1265 million invoices in total in 2017) while B2C (Business-to-Consumer) represented (719 million invoices in total in 2017).
In 2017 the figures reveal an important growth in B2B and B2G transactions over the previous year, and the same for the B2C sector. B2B/B2G volumes grew by 22.3% and 23.8% for B2C volumes. Given that we stand on the threshold of the move to e-invoicing by EU public administrations based on the provisions of Directive 2014/55/EU, the future should bring accelerating volumes based on the critical mass that is already evident in these numbers.
EESPA service providers are making a very significant contribution to the adoption of electronic invoicing across Europe and globally. Service provider networks and services to buyers and suppliers contribute a growing and sizeable element of total electronic invoice volume and these services are more often than not preferred to direct connections between suppliers and buyers.
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.