The annual Billentis report examines the market development of e-Invoicing and e-Billing globally, giving insight into how to succeed with an e-Invoicing project; providing a series of facts, qualitative views, and evaluations. It also provides tips for implementing solutions and outlines the products and services offered by a range of leading solution providers, including Order2Cash.
Among the eyebrow-raising stats revealed by this year’s report, is the fact that the total invoice volume for 2019 is forecast to encompass 550 billion documents worldwide. An estimated 55 billion e-Invoices will be sent in 2019, with an annual growth rate of between 10-20% forecast for the next few years. The report estimates that the size of the global e-Invoicing market will continue to expand and be worth approximately EUR 18 billion. in 2025.
A powerful market transition is taking place in our industry. Digital transformation is no longer an option, it’s the imperative.
Recent government initiatives that set mandates for B2G/G2B e-Invoicing, made in pursuit of cost savings and tighter control over VAT, plus the emerging technologies focusing on digitization and automation, have made it essential for all businesses to take a proactive approach toward digital transformation.
The report also reveals key trends expected for e-Invoicing between 2019-2025. Some highlights include:
The Billentis report is a highly valuable, independent resource. Order2Cash is proud to sponsor its publication. To read the full 2019 Billentis market report, claim your free copy here.
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