Sure! Here’s the translation to American English:
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During the fourth edition of ACCOUNTEX Spain 2025, held from November 5 to 6 at the IFEMA MADRID Fairgrounds, concerning data on the adoption of electronic invoicing among small and medium-sized enterprises (SMEs) was presented. A study by Sage revealed that 60% of these businesses still rely on manual invoice processing, and up to 40% of payments are made late, raising concerns about efficiency and payment delays in the sector.
The inaugural session of the event addressed the importance of electronic invoicing as a catalyst for improving productivity and tax compliance. María Damas, Public Affairs Director at Sage, emphasized that “electronic invoicing represents the first step toward greater productivity.” Meanwhile, Manuel Delacampagne, Deputy Director General of Sectoral Analysis at the Ministry of Economy, announced that the final phase of processing electronic invoices is expected to conclude in 2027.
Another highlighted topic was the new Veri*factu system, which will come into effect in January 2026. This tool, developed by the Tax Agency, will enable companies to send their invoicing records securely and ensure integrity. Joaquín Maroto, Deputy Director of Tax Techniques at the AEAT, indicated that the transition should be handled calmly, as many software developers are already adapting to the new regulations.
However, a report from the TeamSystem Observatory warned about the lack of preparedness: six out of ten SMEs and freelancers are still not ready to implement Veri*factu. Experts agreed that the real challenge will not be merely technological, but rather the adaptation to regulatory changes.
The discussion about digital transformation was also a central theme at the event. According to the 2025 Advisory Barometer, while 57% of advisors consider digitalization important, only 19% feel fully digitalized. Experts highlighted the need to balance technology, talent, and purpose to tackle change, as well as the importance of working on cybersecurity and responsible use of artificial intelligence (AI).
Throughout various roundtable discussions, it became evident that AI is establishing itself as a strategic ally in the sector, enhancing advisors’ analytical capabilities. Sixty-five percent of firms already consider AI an essential element.
ACCOUNTEX Spain 2025 brought together more than 160 exhibiting companies and attracted over 12,600 professionals, solidifying its role as the leading event in the field of advisory services and professional firms in the country. The active collaboration of more than 30 organizations has reaffirmed the need for the sector to adapt to a new era of digitalization and regulations.
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via: MiMub in Spanish
