TechNavio today launched its report Global E-invoicing Market 2012-2016 based on an in-depth analysis covering the Americas, the EMEA region, and the APAC region. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Enterprise Computing team said: ”Earlier, SMEs had limited options when seeking to adopt a system that would ensure optimal business performance. This was because they did not require, or could not afford, all the features of enterprise-class systems. Their options were limited to freeware, low-end or open-source solutions that mainly focused on server or network monitoring. In the last few years, many SMEs have become increasingly aware of the significance of having a solution that preserves their brand reputation and enhances the business process. Some new vendors in the e-invoicing space are aware of this opportunity, and they have recently entered the market with offerings that are positioned to capitalize on this trend. The combination of these new vendors’ pricing models and the capabilities and the ease of management that their solutions offer makes these products appealing, especially to SMEs.”
According to the report, one of the major drivers in the market is the need to automate the invoicing process and reduce the operational cost. E-invoicing enables companies within or across organizations to automate invoice generation and enhance the overall business process. It also reduces the total operational cost 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 report also includes a discussion of the key vendors operating in this market. The key vendors dominating this market space are are Ariba Inc., Basware Corp., Esker SA, and IBM Corp.
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/content/global-e-invoicing-market-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 Enterprise Computing market research, please visit https://www.technavio.com/enterprise-computing
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TechNavio Announces the Publication of its Research Report “ Global E-invoicing Market 2012-2016
