By Raphael Michilis published on 16 May 2012
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.
Further 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 (KIR SA).
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 Clearing House says on its website.
The slow e-invoice take-up in Poland is, partly, due to marketing fragmentation caused by the complexity and lack of standardization of systems deployed across the EU, concludes the report.
According to another study, 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.
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