The Ministry of Finance and Public Administration (MINHAP) reports that 7,119,288 electronic invoices have been processed since the start of 2015. The figure has gradually risen due to the rollout of Facturae between the Public Administration and its suppliers on January 15 last year. In fact, until October the number of e-invoices issued was 4,630,681, which is 35% lower.
“The ongoing increase in the number of e-invoices issued confirms that this technology is now fully ensconced in Spain’s business fabric. This is positive news, considering the working benefits and economic cost savings for both companies and administrations when implementing new ICTs such as e-invoicing”, explains Miguel Soler, expert from the Permanent e-Invoicing Observatory. This EDICOM department studies the rollout and development of e-billing systems in countries worldwide, with special emphasis on Europe and Latin America, as regions leading the digital transformation with fiscal and taxation initiatives.
In this sense, the Observatory’s figures confirm a similar growth rate to that signalled by MINHAP. In just four months, the EDICOM Facturae platform managed to achieve a 36% higher e-billing volume. In total, since rolling out this technology the EDICOM e-invoicing platform has issued 3,595,150 electronic invoices to Spanish public administrations.
Around half of these documents were addressed to the General Entry Point for e-Invoicing, known as FACe. The remainder were submitted to the specific entry points for billing of some administrations, notably the Regional Government of Andalusia, which received over 388,884 bills, followed by the Catalonian government e-platform, AOC 356,894 e-invoices issued to its departments.
“Since mandatory e-billing came into force year ago, we can see how Spain is gradually progressing towards other paperless technologies. You could say that Facturae is just the spearhead towards even more widespread digitization”, says Miguel Soler, EDICOM Pre-Sales Manager and expert in e-invoicing systems.
Among these breakthroughs, we may highlight the imminent roll-out of the Immediate Information Sharing (IIS) system. As of 2017, businesses are expected to be managing VAT electronically, in a similar way to how they do their tax returns. In the initial phase, the measure will be compulsory for more than 62,000 companies in the drive to streamline tax compliance.