The summary information below from Billentis and Postfinance illustrates the typically billing flows, in percentage terms, over these two major areas (B2C and B2B) and as outlined by whether a firm is large, medium-sized or small.
B2B Billing/Invoicing
Large companies (250+ employees) -11.6% along with other large companies, 1.7% to medium companies and a pair of.5% to small companies (total of total=15.8%).
Medium companies (50-249 employees) -10% along with other medium companies, 7% to large companies and 1.3% to businesses (total of total=18.3%).
Small companies (1-49 employees) -7.5% with other small companies, 0.1% to large companies and eight.3% to medium companies (total of total=15.9%).
B2C Billing/Invoicing
Large companies (250+ employees) -43.3% coming from all billing to consumers.
Medium companies (50-249 employees) -5% of all billing to consumers.
Businesses (1-49 employees) -1.7% of billing to consumers.
Although bills is usually sent derived from one of consumer to a different (C2C), this is the relatively small market (estimated to become a lot less than 1% of all bills). The 2 main large sectors are therefore between businesses and their consumers (B2C) and between businesses (B2B). The B2C and B2B market is in close proximity to 50/50 even so the B2C information mill slightly larger in transactions but tremendously smaller with regards to transactional value. Let's consider these two markets within a somewhat more detail individually.
The B2C market
As the above information shows, large businesses transmit the best proportion of B2C bills (43.3% of all bills). Mid-sized companies mail out only 5% and small or micro companies just one single.7%. In great britan for instance, the estimated total amount of bills is just about 5 billion every year. This means that large companies with over 250 employees distribute 2.165 billion bills. Since UK adult working inhabitants are around 26 million, because of this each consumer gets 80 bills 12 months an average of, coming from a large organisation of just one form or any other or around 7 bills per month. They obtain a further 1.5 bills from medium and businesses, making generally 8.5 bills monthly as a whole.
As being a different example, in america, the estimated total level of bills is just about 42 billion per annum. Which means that large companies with 250 employees send 18.18 billion bills. Given that the US adult working human population are around 130 million, which means each consumer gets 140 bills a year typically from your large organisation of merely one form or some other or around 11.5 bills per month. They receive a further 2.5 bills from medium and small companies, making typically 13 bills a month overall. The bigger average consumer bill volume in comparison to the UK can be explainable by two major factors. Illegal workers in the US are certainly not counted inside the adult working population figures and the US has State and federal based system businesses, making for less truly national "super-billers". By way of example, in the large utility may bill a big % on the UK population due to its gas and electricity needs (an undertaking that could involve hundred utilities in the usa). As a result the typical bill volume artificially more than it usually is in reality, perhaps by up to 15%.
With regards to value, there are no accurate figures concerning the average bill size or amount. However, roughly the average "ticket" from the B2C information mill around £65 to £75 (or $75-$95 in the US).
The B2B market
Because the above information also shows, large businesses transmit the most important proportion of B2B bills (11.6% of bills) along with other large companies but medium-sized companies (employing 50 to 249 employees) send out nearly as many at 10% and also small companies take into account 7.5% with the total. However, the idea is complicated further with the additional B2B billing that is certainly done between Large, medium and businesses. Hence, in aggregate, large companies send out 15.8% of most bills (11.6%+1.7%+2.5%).
Just as before using the UK as one example, this compatible 790 million bills. In the united states this is 6.64 billion bills. Only to complete the picture, medium-sized companies in aggregate distribute 18.3% coming from all bills and businesses in aggregate send out 15.9%. Even though this definitely makes the B2B transactional volumes similar, in aggregate the medium-sized companies send out proportionally probably the most bills.
When it comes to value, accurate figures between average bill size or amount are even harder to come by, as companies have extremely high variations from small amounts (like £15 0r £25 one example is) to very high amounts (running to thousands or hundreds of thousands in some cases). Furthermore, there aren't any formal records stored in relation to its average B2B invoice amounts. However, it really is broadly estimated the average "ticket" within the B2B market is around £1500-£2,000 (or $1250-$2500 in the united states).
The penetration of ebilling
Just as before, definitive figures take time and effort to discover in terms of the penetration of ebilling. However, in the B2C market, it is large companies that are making by far the most progress, led by utilities and telecommunication/mobile phone companies typically. Here, the estimates are that penetration has developed in the range 7-9% in Europe, and a little less (6-8% in the usa). In medium-sized companies, these numbers are stated to be under a third of those figures or only 2-3% penetration plus businesses, considerably less than 1%. This leaves many upside potential to change to ebilling of a single form or some other across seventy one organisational size levels.
In the B2B market, it's apparent that accounting software and separate specialist billing software renders some significant inroads into large companies. However, it's largely translated into accounting system driven invoices (or email based invoices with PDF attachments, which might be but fully digital bills of course) and also as frequently not, it is therefore become a further channel to paper-based invoices, with many organizations often unwilling to eliminate physical invoices straight away. There's also many additional complexities inside B2B market in relation to billing. For example integration with purchase order systems, coping with credit noting, bill line-item dispute handling and multiple decision-maker issues for bill sign-off. This is not to note the accurate and legal handling of taxation issues. This all ensures that current debts use up ebilling inside the B2B space usually involves extremely high up-front capital expenditure (on new or changed software), long integration times, changed internal processes along with the have to cover monthly fees (e.g. software maintenance and per user etc). There are options to this approach speculate yet, interest and undertake continues to be small.
Summary
A lot of bills are delivered annually in different country using a reasonably well-developed economy. However, it is important to be aware that the B2C and B2B investing arenas are unique with regards to transactional volumes, average "ticket" sizes and requirements. It's also important to recognise that volumes vary greatly in large, medium and small companies, as well as their relative involvement in making their invoicing practices extremely effective are occasionally totally different. Which means the chance of electronic billing take-up continues to be very high (perhaps up to 95% of most bills remain not fully digital) though the option to increase overall degrees of ebilling take-up ought to be well-rehearsed for each market segment, in order to be successful.
