E-invoice enhancing actions

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E-invoice enhancing actions

Description

The development of electronic invoicing in Greece can significantly enhance the competitiveness of Greek businesses and National Economy, by reducing operating costs associated with issuing, handling and storage of invoices. Specifically, the amount that can be saved for Greek enterprises, from the adoption of electronic invoicing is estimated at over € 1 billion annually. Moreover, the electronic invoice can be an enabler to automate a number of processes related to e-procurement, generating additional benefits of several billion to National Economy.

Today in Greece are handled over 200 million invoices related to transactions between businesses. A significant number of companies utilize the e-invoice mainly through e-invoice service providers. It is estimated that in 2011 almost 7,000 businesses circulated more than 8 million e-invoices (through e-invoice service providers). Especially the last year, in both to the initiatives taken by the State for amplification of e-invoicing in Greece (discussed below) and the need to reduce  operating costs of companies, a steady increase of adoption rate has been observed resulting to an increase of e-invoicing as a result data to substantiate the assertion that by the end of 2012 will be an increase in the tariff-moving to Greece by 40%, which corresponds to a throughput of 12 million e-invoices, worth more than € 5 billion.