|By Business Wire||
|June 26, 2014 02:00 AM EDT||
840 million electronic invoices were processed and delivered to invoice receivers in 2013 by members of the European E-Invoicing Service Providers Association (EESPA), based on a set of survey results completed in June 2014. This represented a significant growth of 19 per cent over 2012 volumes of 706 million.
EESPA commissioned this first annual survey among its members as part of a continuing commitment to supporting the rapid market growth of e-invoicing and to play its part in monitoring take-up. The survey was carried out through a trusted third party on the basis of actual transaction volumes, collected on a confidential basis from individual EESPA members for the calendar years 2012 and 2013.
The majority of invoices processed were B2B or B2G (Business-to-Business or Business-to-Government) invoices (603 million invoices in total in 2013), although the EESPA membership also has a significant involvement in the delivery of B2C (Business-to-Consumer) invoices (237 million invoices in total in 2013).
|B2B and B2G||2012||2013||Increase|
|Direct – Electronic invoices delivered to customers||390,494,710||463,512,001||18.70%|
|Indirect – Electronic invoices delivered to non-EESPA service providers and EESPA service providers not participating in the survey||126,837,404||139,513,992||9.99%|
|Direct – Electronic invoices delivered to customers||157,670,684||174,493,368||10.67%|
|Indirect – Electronic invoices delivered to non-EESPA service providers and EESPA service providers not participating in the survey||30,968,673||63,216,762||104.13%|
EESPA members were asked to report the volume (i.e. number of items) of all e-invoices delivered by them to buyers connected to their network or service, and also volumes delivered to buyers connected to a service provider outside the EESPA community. Each member was asked to carefully identify only items representing truly electronic invoices, irrespective of the process through which the invoice or the invoice data were collected from suppliers.
The figures represent an indication of the total footprint represented by the EESPA community in relation to the growing volumes of e-invoices now being processed at the expense of traditional paper documents. The majority of EESPA members participated in the survey, although it is the case that a number of members were for practical reasons not able to participate in this first survey. Nevertheless by any measure of volume and growth, the EESPA service providers are making a very significant contribution to the adoption of electronic invoicing across both Europe and more widely. 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, which can be cumbersome to manage and do not take advantage of ‘network’ effects.
By EESPA’s own estimates based on comparing its member’s volumes in relation to overall estimates of total electronic invoices processed across Europe, the EESPA members are processing and delivering more than 50 per cent of all truly electronic B2B/B2G invoices to European receivers. This takes into account some conservative assumptions regarding member volumes delivered outside Europe and the volumes of members not participating in the survey this year.
The survey also collected information on the volume of invoice transactions exchanged with other service providers on the basis of interoperability agreements, whereby invoices intended for delivery to a receiver on a network other than the one used by the supplier are transferred between cooperating service providers. The B2B/B2G volumes exchanged in this way in 2013 were 140 million (127 million in 2012), representing a faster growth rate than overall market growth. Interestingly B2C invoices exchanged through interoperability grew even more rapidly. The growth of interoperability has prompted EESPA to prepare a Model Interoperability Agreement, which went live in 2012 and is finding increasing adoption among its membership.
“What the research clearly shows is that the adoption of e-invoicing and volumes of e-invoices from and between the companies has increased significantly. We expect the adoption of e-invoicing to increase even more rapidly on a European and global scale as the benefits of e-invoicing are realised more widely with the support of regulatory standards and a supportive infrastructure,” said Esa Tihilä, co-chair of EESPA and chief executive officer, Basware. "We as service providers can smooth the change by providing our expertise in support of regulators and providing our customers with easy to use solutions and open e-commerce networks."
"With EESPA members processing at least half of all e-invoices in Europe, it is clear that our community of members is playing a vital part in making supply chain automation a reality with its massive cost, efficiency and liquidity benefits. The activities of our members give adopting organisations the element of confidence that is required," added Charles Bryant, co-chair of EESPA and European Affairs Adviser, Tungsten Network. "Working together as an industry trade association, EESPA will continue to follow the pace of change with our own annual survey to provide fresh reliable data on e-invoicing from within the industry every year.”
EESPA was formed in 2011 as an international not-for-profit association. It acts as a trade association at a European level for a large and vibrant community of e-invoicing service providers, drawn from organisations that provide network, business outsourcing, financial, technology, and EDI (electronic data interchange) services. It focuses on public policy issues, the creation of an interoperable eco-system and championing the widespread adoption of e-invoicing for the benefit of economic efficiency and growth.
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
Oct. 6, 2015 12:00 PM EDT Reads: 402
Organizations already struggle with the simple collection of data resulting from the proliferation of IoT, lacking the right infrastructure to manage it. They can't only rely on the cloud to collect and utilize this data because many applications still require dedicated infrastructure for security, redundancy, performance, etc. In his session at 17th Cloud Expo, Emil Sayegh, CEO of Codero Hosting, will discuss how in order to resolve the inherent issues, companies need to combine dedicated a...
Oct. 6, 2015 12:00 PM EDT Reads: 428
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
Oct. 6, 2015 12:00 PM EDT Reads: 280
Oct. 6, 2015 12:00 PM EDT Reads: 187
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
Oct. 6, 2015 12:00 PM EDT Reads: 235
Oct. 6, 2015 12:00 PM EDT Reads: 210
Oct. 6, 2015 12:00 PM EDT Reads: 270
Oct. 6, 2015 12:00 PM EDT Reads: 219
DevOps is gaining traction in the federal government – and for good reasons. Heightened user expectations are pushing IT organizations to accelerate application development and support more innovation. At the same time, budgetary constraints require that agencies find ways to decrease the cost of developing, maintaining, and running applications. IT now faces a daunting task: do more and react faster than ever before – all with fewer resources.
Oct. 6, 2015 12:00 PM EDT Reads: 331
Oct. 6, 2015 11:15 AM EDT Reads: 270
As-a-service models offer huge opportunities, but also complicate security. It may seem that the easiest way to migrate to a new architectural model is to let others, experts in their field, do the work. This has given rise to many as-a-service models throughout the industry and across the entire technology stack, from software to infrastructure. While this has unlocked huge opportunities to accelerate the deployment of new capabilities or increase economic efficiencies within an organization, i...
Oct. 6, 2015 11:14 AM EDT
Oct. 6, 2015 11:00 AM EDT Reads: 843
Oct. 6, 2015 11:00 AM EDT Reads: 675
Oct. 6, 2015 11:00 AM EDT Reads: 315
Oct. 6, 2015 10:45 AM EDT Reads: 439