Global e-Invoice/e-Bill volume to achieve 40 billion units in 2014
TORONTO-- In 2014 around 40 billion bills/invoices are likely to be sent and archived paper-free, according to a survey done by Billis. in comparison with paper-based processes, electronic invoice handling processes make it possible to reduce costs by 50-80 percent, the company says. Investments in electronic invoice processing can therefore often be gained back within 6 months. Many companies are already using electronic processes.
The high level of debt of the public sector means that this segment must automate its processes and sustainably reduce costs. The optimisation potential of the public sector in Europe alone is likely to amount to at least 40 billion Euros.
More and more customers expect invoices from their suppliers in electronic form. Therefore, sustainable rates of growth of 20 percent are expected for the electronic invoice market in the coming years.
Because of the attractiveness of this market, several hundred 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 that want to choose the best model for themselves and find a suitable solution. The author is the international market analyst Bruno Koch of Billentis.
The report should support invoice senders and receivers who want to replace expensive and paper-bound invoice processes with modern and automated processes. It includes the most important numbers and information about the market. Besides facts about market development and relevant initiatives (standards, laws), the reader will also find qualitative analyses and many details about several solutions offers.