The electronic invoice takes pace in Spain

  • -

The electronic invoice takes pace in Spain

Published on 17 March 2017 by Alberto Redondo Correas, Marketing Manager Iberia & Latam at Seres  

Step by step,  electronic invoicing is becoming a reality in Spain. Overcoming caution by companies and a slowly developing solutions industry, greater knowledge and the ‘pull’ effect of large buyers and autonomous cities has encouraged adoption. Now there are important initiatives by central government bodies, which are capable of promoting very wide usage among their huge supplier population- a genuine viral effect. Users then see the benefits of applying digital processes to their whole business.

In the B2B area according to a study made by SERES, in the first 6 months of 2015, 77.7 million e-invoices were generated 15.8% more than in the same period in the previous year. This is assessed to have saved more than EUR 600 million in management costs, 329,000 hours of work and added significant environmental savings. According to the same study, the average cost of generating a paper invoice is 4.45 euros, compared with 1.64 euros for digital, and average reception costs of 7.22 euros in paper compared to 2.27 euros in digital.

To this important activity, which involved almost 300,000 companies, we must add the impact of the use of electronic invoicing by the suppliers of the public sector. Thus, since the use of an electronic format, e-facturae, became mandatoryin 2015, the various institutions belonging to the General State Administration through FACe, have received a total of 15.2 million e-invoices, with a total value of €75.7 billion. To this, must be added those received by communities and autonomous cities, 18 in total, which added 6.2 million invoices. Spain is now talked of in terms of leadership and a role model for EU colleagues.