Exploring the Billentis 2015 E-Invoicing Report: Top Level Findings in Public Sector Trending and Adoption Jason Busch - August 11, 2015 8:05 AM | Categories: Analysis, Invoicing, Public Sector | Tags: Enterprise Irregulars, L1, Public Sector, Technology Earlier this summer, Bruno Koch, founder of Billentis, released his company’s annual e-invoicing market study. The report is currently the best piece of research available on e-invoicing adoption trends. (Though, because the quantitative components are based at least in part on vendor-reported information, we should take the numbers as directional rather than definitive.) Regardless, Koch also features a number of qualitative observations as well – which are arguably just as insightful. Free Research Paper: Understanding how e-invoicing fits into your procurement organization In the coming week on Spend Matters, I’ll highlight some of the findings of the report along with our own market commentary and analysis, starting today with the increasing interest in the public sector in e-invoicing adoption. As Koch observes, “There is the tremendous impact of new government initiatives for e-invoicing and directly related topics. The author estimates that 100,000+ public administrations / agencies in Europe will be affected by new directives. Agencies have to enable their systems and processes with the aim to receive and process invoices electronically by 2018 at the latest.” This shift stands in contrast to private sector adoption of e-invoicing to date in Europe as the primary driver of usage. In contrast to Europe, the US is behind on mandatory e-invoicing requirements for government. The Office of Management and Budget (OMB) as well as the Federal Reserve have explored the use of e-invoicing – including the OMB “suggested” but not mandated Invoice Processing Platform initiative, which does not yet have teeth to require agencies and departments to move a common connectivity standard with suppliers. To date, sources suggest only the Department of Agriculture is onboard (no pun intended) with the program. Regardless, global adoption of e-invoicing in the public sector is likely to be led by Europe and the Americas in the coming decade. In North, Central and South American countries, the only question is when. Stay tuned as our coverage of the Billentis 2015 e-invoicing report continues. Related ArticlesAn Internal Checklist for Procurement: Are You Ready to Implement a Trade Financing or Invoice Discounting Program?E-Invoicing Discovery Questions: Where to BeginBeyond the Invoice: Ruminations on the Future of Document-Triggered FinancingWhy E-Invoicing Has Failed to Attract Outside FundingBeyond E-Invoicing Automation – Tungsten and Global Compliance Discuss this: Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Notify me of follow-up comments by email. Notify me of new posts by email.