The announcement of the early elections made by the President of the Spanish Government, Pedro Sánchez, represents a drastic change in the national news. Following the results of the municipal elections (and autonomic elections in some Spanish regions), Sánchez called early elections for July 23, which has a relevant impact on the national legislative framework. How does it affect the business fabric? What impact does it have on the Crea y Crece LawDoes it have any effect on other regulations affecting turnover and national companies? We analyze it.
Effects of the electoral advance
In addition to being a very important social and political event, the announcement of the announcement Pedro Sánchez's announcement a transcendental change at the legislative level.. Mainly because it shortens the legislature, which ended in November, with all that entails in the processing and approval of laws.
By moving the elections forward, a series of events are taking place that change the rhythm of national politics. The most significant, surely, is the fact that the Cortes is dissolved. dissolution of the Cortes. Therefore, all the norms and laws and laws that were still pending approval or modification were paralyzed..
In general, and not only in the case of Spain, a political change of this magnitude has the following consequences:
- Changes in the political balance. On the one hand, the electoral advance may alter the existing balance of power. Likewise, with the reconfiguration of majorities and political coalitions, certain laws that were already being processed may not be reenacted in the future after the change of government.
- Political uncertainty. During the run-up to the elections, significant political uncertainty is likely to be generated. This could affect the country's stability and ability to address pressing issues, as well as the pace of business. Companies may be more reluctant to invest in processes such as digitization and digital transformation in light of an uncertain near future.
- Economic impact. In turn, political instability resulting from an early election may affect markets and investor confidence. This could have an impact on the country's economy, in terms of economic growth, investment and employment.
Therefore, the advance will generate over the next few months a period of certain doubts and uncertainty for many companies and in certain sectors in particular. So there are weeks ahead in which we may see certain markets reduce their production and remain we may see certain markets reduce their production and remain expectant as they await results and changes that may awaiting results and changes that may occur.
Does it affect the Crea y Crece Law?
However, as far as we are concerned, easyapAre there any major laws that are going to be paralyzed, as we said at the beginning, and that have an impact on the level of electronic invoicing? electronic invoicingDoes it have any impact on the Crea y Crece Law?
We begin by answering the last of these three questions. The electoral advance does not have a direct impact on the Crea y Crece Law. This law, as we have already detailed in many other articles in our blog, is key for the future of the national business fabric. Even more, we even did a webinar in March to inform about it. And another webinar in December with more than 200 people.
The fact is that the Crea y Crece Act, for the moment, will not be affected by this twist in the script, will not be affected by this twist in the script. Mostly because the Law 18/2022, which is the official name under which it is published in the BOE, was approved on September 29, 2022. At the same time, came into force in October and during the following months it has been modified with different advances.
However, the electoral advance does affect something important: during the next few weeks (and very possibly in the first months until the new Spanish Government is officially constituted), we will not see any kind of change, advance or modification in the law. But not only in the Crea y Crece Law, but in no other.
Likewise, In total, more than 60 laws will remain unapproved. The Family Law, the Food Waste Law, the Sustainable Mobility Law or the Civil Service Law, among others, are some of the most mediatic ones. In this sense, we will have to see what happens with them after the elections of July 23rd.
The Digital Kit and the brake on digitization
Perhaps, as far as easyap is concerned, there are two points in which this electoral advance may have a more relevant impact. We are talking about what is known as the Digital Kit and the digitalization of the the digitalization of the business fabric in general.
On the one hand, the Digital Kit grants which have already been approved and granted to companies, will not undergo any type of change. These subsidies are part of a program already approved by the Government and will continue to be granted, as long as the companies have adhered to it since it came into force.
However, the political and business uncertainty inherent in the fast-forwarding process can have a negative effect on digital transformation. negative effect on the digital transformation of the Spanish business fabric. It is possible that some companies may reconsider making the investment they were going to have to make in their digital transformation.ons that they were going to have to make in their digital transformation. Or, at least, postpone it and wait to see what happens with the new government.
Electronic invoicing will continue to advance
However, the decision to postpone the modernization process is something we do not recommend from easyap. The Create and Grow Law is still in force and will remain so. What is clear is that, due to its multiple advantages, it is practically impossible to think that the new executive is going to overturn or remove it.
The mandatory electronic invoicing in Spain is a reality. A fully established reality, also in Europe, and they are not going to change it because of how much it helps public companies and because of what it will contribute to the national business fabric.
It is more than proven, from what we have been able to see since the digital invoice has been implemented, that offers the following benefits:
- Efficiency and cost savings. Automates the process of issuing, sending, receiving and archiving invoices, reducing the costs associated with printing, mailing and physical storage of documents. Therefore, it helps you to be more efficient in administrative and accounting management and to save resources.
- Reduced processing time. By eliminating paper invoices, electronic invoicing streamlines your workflow. You generate and send them instantly, reducing shipping and receiving times, shortening payment cycles, and improving cash flow.
- Lower probability of errors. Minimizes human error and reduces the possibility of lost or misplaced invoices.
- Traceability and auditing. Electronic invoicing provides a detailed electronic record of all business transactions, which facilitates traceability and tracking of operations. This is especially useful for audits, as you can easily access documentation and analyze it more efficiently.
- Sustainability. By eliminating the use of paper and reducing the physical transport of documents, you take care of the environment. You stop consuming certain natural resources and produce fewer carbon emissions associated with the traditional invoicing process.
The benefits vary depending on the size of the company and the sector. However, what is clear to companies and authorities of all political stripes is that digitalization is a reality and a necessity. digitalization is a reality and a necessity.. Something that is totally unstoppable and that will not slow down its progress, no matter how much political change there is.
This is also how we understand it at eaysap, where we will continue to develop and implement our solution in Spanish companies from multiple sectors. Organizations that will take advantage of the advantages that we provide, beyond an invoicing software. With our system you will also have:
- A system capable of digitizing and storing all invoices and related documents. So you can search, access and manage information more conveniently and eliminate the need to archive and store physical documents.
- A software with functions to automatically validate and verify the integrity of invoice data. So you can identify and resolve potential errors or discrepancies before payments are processed.
- A solution for controlling workflow and electronic approvalsThis allows the different departments and people involved to review and approve invoices electronically.
- A software that you can integrate with other business systems, such as an accounting management system or ERP (Enterprise Resource Planning).Enterprise Resource Planning). Thus, you facilitate the transfer of data and the synchronization of information between different platforms, which saves you time and avoids duplication of tasks.
These are just some of the general advantages that our software can offer you. In fact, we haven't even mentioned the employee expense portal that we can also implement. Or even the fact that with easyap you pay per processed invoice and not a fixed monthly cost, so we adapt to companies of all types and sizes. Want to meet us and see for yourself?
