E-Invoicing /
Electronic Invoicing
E-Billing / Electronic Billing
Significant market transition lies ahead
The private industry was the main driver for the market development in phase one, but is increasingly supported by the public sector. The VAT gap becomes more and more the main accelerator for the digitalisation. Tax payers are increasingly required to use real-time clearance models. The model might gradually conquer the world, and it is expected to be the dominant control method globally from 2025. It will eventually cover all kinds of fiscal documents, such as invoices, payment receipts, credit/debit notes, monthly salary statements etc.
A rapidly growing number of disruptive next-generation invoice processing technologies lay a strong foundation as strategic drivers. They pave the way to substitute old solutions and processes by a completely new approach. A powerful market transition is taking place in our industry. The invoice processing with its’ high proportion of repetitive and rule based work is a key topic to be affected by the market transition ahead of us. This phase can mean an opportunity or a threat.
Because of the attractiveness of this market, about 1500 service providers and software houses offer their solutions for e-invoicing. There is therefore no lack of offers. Rather, users are now looking for all-encompassing information on the topic. A new market report is provided as help for companies which want to choose the best model for themselves and find a suitable solution.
The report is aimed at supporting invoice issuers and recipients in replacing expensive, paper-based invoicing with modern, automated processes. About 150 pages offer readers facts on market development, relevant initiatives, tips for implementing solutions and the profiles of 35+ leading solution providers.
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