Governments will drive adoption (and this increases exponentially with more adoption).
Multiple countries in Europe have mandatory e-invoicing in business-to-government workflows. Since the early 2010s, Norway has made e-invoicing mandatory in B2G relationships. The situation is similar in Finland, Sweden and Denmark. Through these mandates, companies have started experiencing the benefits of e-invoicing and adopting e-invoicing holistically in a business-to-business and business-to-consumer environment as well.
Justyna Bielak, Product Owner in Engineering for Zone & Co talks about what is happening with e-invoices in Europe. ⬇️
Commonwealth Government of Australia made e-invoicing mandatory if you’re doing business with the government as of January 1st, 2022. This is beneficial to the payee as well because the government has been processing payments in as little as five days since this mandate. E-invoicing is taking hold at the local government level as well in New South Wales and Queensland. New South Wales is requiring e-invoicing in business-to-government relationships as of the first of the year. The Queensland locality will be requiring it as of July 1st, 2022.
Listen to Sammy Guirguis, Regional Director, Apps APAC in Sales at Zone & Co, explain how e-invoicing is taking hold in Australia:
While e-invoicing is certainly growing in popularity in the United States, especially in the B2B sector, it is not required or mandated by the government. As businesses continue to discover the conveniences and benefits of e-invoices, this new way to sending and processing invoices will overcome other methods in the states before it is mandatory.
Listen to the full podcast episode, How to Prepare for Electronic Invoicing (E-Invoicing), here:
Curious to know more?