Assessing the electronic invoicing potential for private sector firms in Belgium

Governments around the world identify the advancement of electronic invoicing in businesses as crucial for tackling administrative burdens. This paper examines, for the first time, the potential cost savings of e-invoicing in Belgium. Our analysis shows that the total cost of invoicing for Belgian private sector businesses in 2014 amounted to €3.47 billion (0.96% of GDP) and could be reduced to €1.46 billion (0.38% of GDP) if all invoices were sent digitally. Furthermore, an analysis of both barriers and enablers of e-invoicing reveals significant concerns that remain regarding the safety of e... Mehr ...

Verfasser: Poel, Kevin
Marneffe, Wim
Vanlaer, Willem
Dokumenttyp: Artikel
Erscheinungsdatum: 2016
Verlag/Hrsg.: Universidad de Huelva
Schlagwörter: Electronic Invoicing / Willingness to Pay / Belgium / Cost Savings / Barriers and Enablers
Sprache: Englisch
Permalink: https://search.fid-benelux.de/Record/base-27381281
Datenquelle: BASE; Originalkatalog
Powered By: BASE
Link(s) : http://hdl.handle.net/10272/11643

Governments around the world identify the advancement of electronic invoicing in businesses as crucial for tackling administrative burdens. This paper examines, for the first time, the potential cost savings of e-invoicing in Belgium. Our analysis shows that the total cost of invoicing for Belgian private sector businesses in 2014 amounted to €3.47 billion (0.96% of GDP) and could be reduced to €1.46 billion (0.38% of GDP) if all invoices were sent digitally. Furthermore, an analysis of both barriers and enablers of e-invoicing reveals significant concerns that remain regarding the safety of e-invoicing, although a majority of private sector businesses clearly identifies the potential efficiency gains. From our contingent valuation survey among 683 Belgian businesses, we learn that the average willingness to pay (WTP) for the required investments for implementing digital invoicing amounts to €2,380. However, the potential annual cost savings of digital invoicing for the average small business in our sample is over €7,000. Additionally, our linear regression models indicate that the WTP is positively impacted by the perceived time and reduced risk gains of digital invoicing. ; Gobiernos de todo el mundo identifican el avance de la innovación electrónica en el ámbito empresarial como crucial a la hora de abordar tareas administrativas. Este artículo examina, por primera vez, la reducción de costos potencial de la factura electrónica en Bélgica. Nuestro análisis muestra que el coste total de facturar en el sector privado belga llegó a los 3.24 billones de € (0.96% del PIB) y podría ser reducido a 1.46 billones de € (0.38% del PIB) si las facturas hubiesen sido enviadas de forma digital. Además, un análisis de las barreras y factores facilitadores del e-invoicing revela preocupaciones que se mantienen sobre la seguridad del e-invoicing, si bien la mayoría de las empresas del sector privado identifican claramente las ganancias de eficiencia potenciales. De nuestra encuesta de valoración contingente a 638 empresas ...