E - Invoicing Platform

We received a press release from a Swedish bankers association, stating that in 2011, the number of e-invoices sent to consumers connected to internet-banks increased by staggering 29%. In 2010 only 11% of Swedish customers accepted e-invoices. In 2011 no less than 40% of the consumers accept e-invoices.

Now, the press release stated that the environment was the winner, but we are not so convinced about that really.

E-invoicing adoption in Sweden

According to research carried out on members of the Swedish Bankers’ Association the number of e-invoices sent out last year amounted to 60 million, which equates to 17 percent of all internet payments made by consumers.

“My estimate is that 70 % of Swedish consumers connected to internet-banks will receive e-invoices within 3 years says Johan Schmalholz, Senior Adviser, E-invoicing at the Swedish Bankers’ Association.

If all invoices in Sweden were to be changed from paper to electronic, a total energy saving of around 1 400 TJ-equivalents/year and reductions of greenhouse gas emissions corresponding to 39 000 to 41 000 ton CO2-equivalents/year would be made according to a study carried out at the Department of Environmental Strategies at KTH, the Royal Institute of Technology in Stockholm.

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