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eBilling

e-Billing is currently taking markets by storm. Also often referred to as online invoicing and eInvoicing, it ultimately aims at reducing current costs of at least €10 for bill issuers and recipients alike by 60-70%. Paper bills are replaced by electronic bills. Private individuals can view them, for example, on the online banking portal and easily authorize them for payment at a press of a button. Companies download them from the billing portal and are able to automatically import them to their accounts payable application and archive them electronically in accordance with statutory requirements.

Europe’s annual volume of bills, mostly paper bills, amounts to over 30 billion. In 2011, as many as approx. 3,000 million paperless bills are likely sent out through eBilling systems. More than 4.5 million companies and around 75 million consumers make use of e-Billing and eInvoicing. Leading service providers operating a hub for electronic bills are to some extent doubling their volume of transactions volume within a few months.

The staff at Billentis have been working in this field since 1997 and in Europe are considered to be experts in this field. Many publications on this topic are available for downloading. You, too can benefit from Billentis’ expertise. Contact us now.

 

 

 

Market Report

e-Billing / e-Invoicing European market Description