02 Dec 2010 European Union’s 2020 Vision For Electronic Invoicing

Posted at 12:13h in Electronic Invoicing, Financial Supply Chain Management, The Rest by Pete Loughlin

Electronic Invoicing Vision

The European Commission wants electronic invoicing to be adopted broadly across the Europe Union and for e-invoicing to become the predominant invoicing method by 2020. It has published a communication entitled ‘Reaping the benefits of electronic invoicing (e-invoicing) for Europe’ in which it states it intentions.

The commission aims to support electronic invoice adoption across Europe by helping to eliminate obstacles and ensure that the EU stays in the race by ensuring that it does not fall behind other global regions.

Specifically it will:

Create a consistent legal environment across member states
Apply specific focus on small and medium sized business adoption
Stimulate an environment to create maximum reach
Promote electronic invoicing standards

The intention of the commission are backed up by clearly stated actions including the establishment of national and EU wide electronic invoicing fora, proposals to amend the EU directive on electronic signatures and the development of a code of practice.