TechNavio recognizes the following companies as the key players in the E-Invoicing Market in Europe: Ariba Inc., Basware Corp., Esker SA, and Tieto Oyj.
Commenting on the report, an analyst from TechNavio’s team said: “The emergence of cloud-based solutions has enabled organizations to increase their efficiency and reduce the cost of setting up valuable IT infrastructure. However, many organizations are still analyzing the feasibility and relevance of cloud computing solutions in their IT operations. The cloud-based model for e-invoicing offers a pay-per-use model, which provides cost-effective access to the e-invoicing solution at any time and from any place by multiple users. Although many enterprises have increased understanding of the benefits of cloud-based e-invoicing, a number of concerns and risks, particularly in relation to data sharing and data security, are affecting the adoption of such solutions. However, the E-invoicing market in Europe is witnessing a trend where many vendors in the market have begun to offer their solutions through cloud-based models to expand their services and enter new markets.”
According to the report, one of the major drivers in the market is the need to automate the invoicing process and reduce operational costs. E-invoicing enables companies within or across organizations to automate invoice generation and enhance the overall business process. It also reduces the total operational costs and the time spent on the purchasing process.
Further, the report states that the complexity involved in an electronic purchasing process is one of the major challenges confronting the market. The integration of e-invoicing solutions with existing business systems such as accounting and human resources systems can be more complex than anticipated.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/e-invoicing-market-europe-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -E-Invoicing Market in Europe 2012-2016
