1. E-Invoicing Market in Europe 2014-2018
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2. E-Invoicing Market in Europe 2014-2018
E-invoicing is the process of invoicing and related processes with the help of
electronic channels and is also known as the solution for eliminating the paper
invoicing process.
E-invoicing is a part of electronic data interchange transactions that include data
from the enterprise in a format that can be integrated into the client’s financial
system without the involvement of a financial administrator.
It offers a number of benefits to organizations including streamlining of accounting
processes, reducing paper volume, offering higher receivables, helping in timely
delivery of invoices and faster customer payments, reducing the number of lost
invoices, and increasing visibility and control over various processes.
Analysts forecast the E-Invoicing market in Europe will grow at a CAGR of 11.78
percent over the period 2013-2018.
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3. E-Invoicing Market in Europe 2014-2018
The Report recognizes the following companies as the key players in E-Invoicing
Market in Europe: Basware, Esker SA, SAP AG, Tieto Oyi, Fundtech FSC Ltd., IBM
Corp., Itella Corp., GXS Corp., SwissPost Solutions, TradeShift Inc.
One of the major trends in the market is the increasing demand from the public
sector. The public sector constitutes approximately 10 percent of the total invoices
issued; however, most all of these invoices are paper invoices. Thus, there is
tremendous saving potential in many European countries.
Moreover, increasing demand from different public sectors such as Healthcare,
Logistics, Electricity and the Water board is driving the market. Many enterprises in
these sectors have realized the importance of e-invoicing and they are increasingly
adopting these solutions. Healthcare is considered an early adopter of this
technology and it is known for investing heavily in IT.
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4. E-Invoicing Market in Europe 2014-2018
Additionally, government bodies such as the electricity board are growing at a higher
rate and are expected to increase their market share in the near future. Today, in
some countries in Europe e-invoicing is mandatory. For instance, in Denmark e-
invoicing is mandatory for the public sector agencies, and Denmark will soon
introduce rules and regulations with regard to e-invoicing for the public sector.
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5. E-Invoicing Market in Europe 2014-2018
Covered in this Report
The E-Invoicing market in Europe can be segmented into two end-user
segmentations: B2B and B2C. To calculate the market size, the report considers
revenue generated by e-invoicing service providers in Europe.
E-Invoicing Market in Europe 2014-2018, has been prepared based on an in-depth
market analysis with inputs from industry experts. The report covers the leading
countries in Europe; it also covers the E-Invoicing market landscape and its growth
prospects in the coming years. The report also includes a discussion of the key
vendors operating in this market.
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6. E-Invoicing Market in Europe 2014-2018
Covered in this Report
According to the report, one of the major drivers in the market is the reduction in
costs and improved customer relations. E-invoicing eliminates paper processing,
reduces failed payments and processing errors, accelerates the purchasing process,
and improves customer relations. Hence, e-invoicing reduces the total operational
cost and the time spent on the purchasing process. This indirectly helps in increasing
the production rate.
Further, the report states that increasing data security concerns is one of the major
challenges confronting the market. As the invoicing process is SaaS-based, all data
are stored in the cloud. The data present in the cloud can be used by anyone; thus,
leakage of information can take place.
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7. E-Invoicing Market in Europe 2014-2018
Key Vendors
Basware
Esker SA
SAP AG
Tieto Oyi
Other Prominent Vendors
Fundtech FSC Ltd.
IBM Corp.
Itella Corp.
GXS Corp.
SwissPost Solutions
TradeShift Inc.
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8. E-Invoicing Market in Europe 2014-2018
Key Market Driver
Reduction in Cost and Improved Customer Relations.
Key Market Challenge
Data Security Concerns.
Key Market Trend
Increasing Demand from the Public Sector.
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9. E-Invoicing Market in Europe 2014-2018
Key Questions Answered in this Report
What will the market size be in 2018 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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