European Commission’s report on e-invoicing adoption
On February 2nd, 2024, the European Commission published a written paper summarizing a report on the effects of Directive 2014/55/EU on electronic invoicing in public procurement and its uptake.
A provision in the directive itself mandated the report’s creation. It encompasses data collected through consultations with participants from all sides of the invoicing process – private and public parties, small and medium entities, and large ones.
The report concluded that the European eInvoicing Directive successfully removed trade barriers and improved interoperability in eInvoicing for public procurement. A single European standard was created and popularized to a significant degree. This led to increased use of eInvoicing. However, full adoption was achieved only in some countries with additional regulations or high digital maturity. While the Directive proved to be an undoubtedly positive influence on the proliferation of eInvoicing, further efforts are needed to encourage wider eInvoicing adoption and address remaining interoperability challenges. You can find the official report text here.
There’s more you should know about global e-invoicing changes – learn more about the new and upcoming regulations.