State and Perspectives of Electronic Invoicing in Croatian Companies
State and Perspectives of Electronic Invoicing in Croatian Companies

Author(s): Marko Veldić, Mario Jadrić, Maja Čukušić
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Electronic invoicing; Digital transformation; Croatian companies
Summary/Abstract: The paper analyzes the current state and perspectives of electronic invoicing in Croatian companies. The digital transition or more specifically, the digital transformation processes affect all companies and are crucial for increasing efficiency, innovation, and the overall growth of the economies. Electronic invoicing, as one of the manifestations of digital transformation, brings about numerous economic benefits based on process automation and integration from order to payment between business parties. In the paper, the reasons and characteristics of Croatian companies that have introduced electronic invoicing and those that have not are presented in detail. The empirical study reveals that a company’s adoption of electronic invoicing increases with the company’s size. Also, the government’s critical role in implementing electronic invoicing in Croatian companies is highlighted.

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