Orange Poland has teamed up with the Polish
Confederation of Private
Employers Lewiatan to create an electronic
payments coalition called “I choose e-invoice” (Wybieram
e-fakture).
The implementation of e-invoicing solutions
could reduce the overall costs of the invoicing process by about
80%, which is estimated to be around USD2.6 per invoice printed and
posted, according to the e-fakture in Poland report published on
the Lewiatan website.
Only 8% to 11% of the 1.5bn invoices issued in
Poland every year are emitted electronically, according to the
report.
The report highlights businesses of all sizes
will profit from e-invoicing.
A large corporation issuing 20,000 invoices a
month could save USD3.84m, while a smaller company sending out 1000
invoices on paper per month could save more than USD2,500 in that
period, the document estimates.
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By GlobalDataFurther to the processing costs, electronic
invoicing should reduce costs of debt service and increase
investment income, by shortening the billing cycle, which with
paper takes from 19 to 40 days until the end of the process,
according to the Polish National Clearing House (NHC).
Besides persuading companies to adopt the
electronic solution, the e-fakture alliance wants to promote
changes in Polish laws to promote e-invoice take-up in the country,
the NCH says on its website.
According to another report, the savings from
moving to electronic invoicing could reach at least USD51bn per
year in Europe, Ricoh UK found.
In the United Kingdom alone, the savings could
surpass USD5.5m, says the report.
Business and government electronic invoicing
this year are expected to be 30% higher than in 2011, but
penetration is still low with only 18% of all European invoices
likely to be issued electronically, according to Ricoh.