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Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/18965

Title: The Cost Savings, Enablers and Barriers of Electronic Invoicing in Belgium
Authors: Poel, Kevin
Marneffe, Wim
Vanlaer, Willem
Issue Date: 2015
Citation: 6th Annual Conference of Spanish Law and Economics Association, Santander (Spain), 18-19/6/2015
Abstract: Governments around the world identify the advancement of electronic invoicing in private sector companies as crucial for tackling administrative burdens. This paper examines, for the first time, the evolution of the e-invoicing adoption rates in Belgium as well as the total savings of electronic invoicing. In 2014 the total cost of invoicing in private sector companies amounts to €3,47 billion (0,96% GDP), which would be reduced to €1,46 billion (0,38% GDP) if all invoices were sent electronically. Almost 48% of all invoices in Belgium were sent electronically in 2014 (B2B). Furthermore, our analysis of both barriers and enablers of e-invoicing reveals that on the one hand a majority of private sector companies welcome the efficiency gains realised by e-invoicing, although uncertainty remains concerning the safety of e-invoicing.
URI: http://hdl.handle.net/1942/18965
Category: C2
Type: Conference Material
Appears in Collections: Research publications

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