Title page
Contents
List of abbreviations 5
Introduction 6
Definitions 7
Background 7
EU LEGISLATION 8
MEMBER STATE UPTAKE AND MANDATES 9
Impacts of adopting eInvoicing on reducing late payments 15
TIME EFFICIENCY GAINS 15
ENHANCED TRANSPARENCY 18
SUPPLY CHAIN FINANCE 21
Challenges of adopting eInvoicing for the reduction of late payments 24
ADOPTION CHALLENGES 24
DESIGN CHALLENGES 27
Conclusion 29
Appendix - List of interviewed stakeholders 31
Table 1. Overview of eInvoicing mandate by country 13
Figure 1. Share of enterprises sending eInvoices by EU country (plus the EU27 average), 2023 11
Figure 2. Share of enterprises sending eInvoices by type of B2G mandate, 2023 11
Figure 3. Map of B2B mandates on eInvoicing in EU Member States by year of planned implementation 14
Figure 4. Invoice-to-payment cycle 15
Figure 5. Electronic tax documents issued and transferred in Chile, 2010-2023 (Chilean pesos) 24
Figure 6. Enterprises sending eInvoices by size, EU average 25
Boxes
Box 1. The case of Italy - the European frontrunner 17
Box 2. New late payments proposal 20
Box 3. Factoring, a state-sponsored solution in Chile 22