Ladies and Gentlemen, I would like to start by thanking our hosts – the Spanish presidency and the EU Commission for organizing this – by far most important e-invoicing conference this year. I am very pleased and proud to have the opportunity to present the results of the Expert Group on e-Invoicing. Two years of hard work – 24 meeting days, innumerable telephone conferences and documentation work resulted in a very unified view on how e-invoicing should become the key to higher productivity and a new milestone in the progress towards a Single Market. This conference represents two important milestones – the end of the beginning with the Final report of the Expert Group – and I am sure we will all agree when we conclude tomorrow the beginning of the end-game – full migration to electronic invoicing and the multitude of rational administrative practises that enables.
65 percent of business turnover – baking the cake for any welfare state – is coming from SMEs – and the potential for improved productivity in this sector is immense – focus on business instead of complicated and stressful administration
Results of the EC Expert Group on e-Invoicing Bo Harald Chair EC Expert Group on e-Invoicing
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