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E-Invoicing Market Increasing Demand with Technology Enhancements by 2027 - SAP SE, The Sage Group Plc, Tradeshift, Transcepta LLC

03-04-2020 02:37 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

The Insight Partners

The Insight Partners

Conventionally, invoicing, was a heavily paper-based method that is manually exhaustive and also prone to human error causing in increased cost for the companies. The e-invoicing market growth is highly reliant on the growth of overall adoption of paperless invoicing model across the globe. Electronic invoicing, also known as e-Invoicing, is the interchange of the invoice document between the buyer and the supplier in the integrated automated format. E-invoices include purchase orders, debit notes, remittance slips, credit notes, and payment terms & instructions.

E-Invoicing Market to 2027 - Global Analysis and Forecasts by Deployment Model (Cloud, On-Premise); End-User (B2B, B2C, Others) and Geography

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The major factors that are boosting the growth of the E-invoicing market are the rapid growth in the globalization and the increasing demand for internet-based centralized systems for invoicing/billing in organizations such as BFSI, IT, and retail companies. In addition, to promote digital transactions and rise the penetration of banking services, governments are significantly investing in financial institutions to encourage them for extending their mobile banking services in the rural areas, which in turn is anticipated to provide significant growth opportunities for the E-invoicing market growth in the coming years.

The "Global E-invoicing Market Analysis to 2027" is a specialized and in-depth study of the e-invoicing industry with a special focus on the global market trend analysis. The report aims to provide an overview of E-invoicing market with detailed market segmentation by deployment model, end-user, and geography. The global E-invoicing market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading E-invoicing market players and offers key trends and opportunities in the market.

Top Mentioned Companies are -
- Basware
- Cegedim SA
- Comarch SA
- Coupa Software Inc.
- International Business Machines Corp.
- Nipendo Ltd.
- SAP SE
- The Sage Group Plc
- Tradeshift
- Transcepta LLC

The reports cover key developments in the E-invoicing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from E-invoicing market are anticipated to lucrative growth opportunities in the future with the rising demand for E-invoicing in the global market. Below mentioned is the list of few companies engaged in the E-invoicing market.

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Email Id : sales@theinsightpartners.com
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About Us - The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.

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