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 both the seller and the buyer.
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 of when a seller gets paid. This report is specifically concerned with that effect. Put simply, it aims to answer the question of whether adopting eInvoicing actually reduces late payments.
Disclaimer: This report was written in the context of a European Commission project to set up a European Payment Observatory. The report was originally published here.
