BLOCKCHAIN BASED INVOICING

• More than 90% of all invoices worldwide are still processed manually

• Volume for e-bills/e-invoices will achieve at least 36 billion word-wide with annual growth rates of 10-20% in 2017

• Estimated size of E-invoicing market is 3.3bln euro in 2017 with expected growth to 16.1bln in 2024

• 400 billion invoice/bill volume estimate in B2B/B2C/B2G/G2C/G2B

MARKET

• 300.000+ Public Administrations to support e-invoicing standards as per EU directives 2014/24/EU and 2014/55/EU

• Distribution channels changing from B2B Direct to B2B Service providers in EU

• B2B e-invoicing volume in North America predicted to grow by 20%

• Invoice-related digitalization in Latin America becomes a standard

• 47% of business receivables were fraudulent invoices in 2016

• 40% of European invoices are defaulted on or paid late• Less than 10% of invoices are currently digitised• No common and affordable data exchange platform

among trading partners

• True peer-to-peer immutable solution• Advanced encryption of data• Integrity, authenticity and privacy• Low transaction costs• Near real-time information exchange

FUTURE TRENDS

CHALLENGES

BLOCKCHAIN SOLUTION

COST COMPARISON: PAPER VS. E-INVOICING

Sources: 1. Billentis Opuscapita E-invoicing Report 2017, 2. EESPA - European E-invoicing Service Providers Association, 3. World Finance - Building the Future with Electronic Invoicing

ONE-TO-ONE DOCUMENT EXCHANGE

BENEFITS

Blockchain can deliver over

savings compared to e-invoicing,

while providing transparency and trust

among parties.

90%

FAST & SECURE DELIVERY

TRANSPARENCY & LESS DISPUTES

IMPROVED CASH MANAGEMENT

EXTENDED CON-TROL & REDUCTION OF FRAUD

TAX COMPLIANCE & REAL-TIME AUDITING

ENVIRONMENTALLY FRIENDLY

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