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Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/20541

Title: Assessing the electronic invoicing potential for private sector firms in Belgium
Authors: Poel, Kevin
Marneffe, Wim
Vanlaer, Willem
Issue Date: 2016
Citation: The International journal of digital accounting research, 16 (2016)
Abstract: Governments around the world identify the advancement of electronic invoicing in businesses as crucial for tackling administrative burdens. This paper examines, for the first time, the potential cost savings of e-invoicing in Belgium. Our analysis shows that the total cost of invoicing for Belgian private sector businesses in 2014 amounted to €3.47 billion (0.96% of GDP) and could be reduced to €1.46 billion (0.38% of GDP) if all invoices were sent digitally. Furthermore, an analysis of both barriers and enablers of e-invoicing reveals significant concerns that remain regarding the safety of e-invoicing, although a majority of private sector businesses clearly identifies the potential efficiency gains. From our contingent valuation survey among 683 Belgian businesses, we learn that the average willingness to pay (WTP) for the required investments for implementing digital invoicing amounts to €2,380. However, the potential annual cost savings of digital invoicing for the average small business in our sample is over €7,000. Additionally, our linear regression models indicate that the WTP is positively impacted by the perceived time and reduced risk gains of digital invoicing.
URI: http://hdl.handle.net/1942/20541
DOI: 10.4192/1577-8517-v16_1
ISSN: 1577-8517
Category: A1
Type: Journal Contribution
Appears in Collections: Research publications

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