Productivity improvement potential – 250bn > business case for service providers and customers (Deutsche Bank Research report – 54bn€ pa in Germany alone)
Demographic challenges – liberating for more productive work much needed
Reasons for fast adoption
Dilemma nbr 1: EU workforce nose-diving Digitalization key to automation. Productivity improvement potential 250bn with e-invoicing Automation liberates much needed resources for productive work Automation leads to real time completion of processes 2020 35 million smaller 25 m larger
2: Harmonise and clarify the legal and VAT framework based on equal treatment of paper and electronic.
3: Maximise interoperability and reach.
4: All actors to adopt a common invoice standard and data model- the UN/CEFACT CII v.2.
5: Establish an organisational process for implementation
of the EEIF.
6: Widely promote and communicate the benefits.
Prog ress made Banking sector could do more VAT-directive for equal treatment Much work needed Great progress in ISO EC to establish PAN-EU Multi stakeholder Forum and recommend member states to do same Much work needed in SME and public sector