Paper-based invoices are losing ground to electronic invoices. The switch to eInvoices (i.e. statements issued, sent and received in a digital format that allows for automatic and electronic processing) is bringing about significant changes for the seller and buyer alike.
While the changes in how invoices are issued, transmitted and received as a result of the shift from paper to digital have been well studied, less attention has been paid to the effect on when a seller gets paid. This report is specifically concerned with that effect. Put simply, it aims to answer the question of whether the adoption of eInvoicing reduces late payments.
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Source: EU Payments Observatory
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