The European Commission’s proposal to implement rules regarding e-invoicing in public business sector has been accepted by the European Parliament.
This decision has the power to create great benefits for European businesses and public authorities, such as:
- Creation of a standardized e-invoicing system for cross-border public administration
- Cost and complexity reduction for European public administrators
- New business horizons and quicker payments
It is now crucial to structure an e-invoicing standard, that will ultimately be implemented and accepted by every public authority in Europe.
Online invoicing is essential for paperless public administration in Europe. It offers both economical and environmental benefits. The implementation of e-invoicing in the European Union could save up to €2.3 million per year.
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