E-Invoicing: Digitisation & Automation

Companies are increasingly experiencing unpredictable market fluctuations. The costs and business processes are often unable to adapt efficiently and quickly enough to the new demand situation.

Over the course of the decades, invoicing processes were conducted entirely using paper-based methods. Even when paper invoices are digitised by scanning or exchanged directly as image based PDF invoices, many flaws remain.

All manner of innovative solutions for electronic invoicing are now available on the market, enabling companies on the one hand to respond to market fluctuations and on the other hand reduce their costs by 50-80% compared to paper-based processes.

There is the tremendous impact of new government initiatives for e-invoicing and directly related topics. The author estimates that 100,000+ European public administrations will be affected by new directives. Agencies have to enable their systems and processes with the aim to receive and process invoices electronically by 2018.

Because of the attractiveness of this market, several hundred service providers and software houses offer their solutions for e-invoicing. There is therefore no lack of offers. Rather, users are now looking for all-encompassing information on the topic. A new market report is provided as help for companies which want to choose the best model for themselves and find a suitable solution. The author is the international market analyst and consultant, Bruno Koch of Billentis.

The report is aimed at supporting invoice issuers and recipients in replacing expensive, paper-based invoicing with modern, automated processes. Over 150 pages offer readers facts on market development, relevant initiatives (standards, laws, etc.), savings potential, tips for implementing solutions and the profiles of 33 leading solution providers.

The report is available free of charge: www.billentis.com

Media contact:

Bruno Koch

phone +41 71 911 60 32

e-mail: pr6@billentis.com