Electronic Invoicing On The Upswing Worldwide

It seems that nearly every day, another nation falls in line, like a domino, with other countries that have embraced electronic invoicing. The latest to do so is Switzerland, which recently announced that as of January 1, 2016, suppliers to the Federal Administration with contracts valued at or above 5000 CHF will be required to utilize e-invoices.
While the Swiss Federal Administration has been capable of receiving and processing invoices electronically since 2012, their use has not been widespread. Unlike the majority of nations that have mandated electronic invoicing to reduce fraud, the Swiss have opted for it both to reduce the use of paper and streamline government processes. Because of that, the pending mandate will not impact small businesses, at least for now.

Find out about truth and Fair Promise