E-Invoicing / E-Billing - From Evolution to RevolutionBy Billentis, PRNE
Monday, March 28, 2011
Report published by Billentis
WIL, Switzerland, March 29, 2011 - Organisations can save the equivalent of 1-2% of their turnover by
replacing paper invoices and optimising the related processes. Compared to
traditional paper-based systems, electronic and automated invoice processes
can generate savings of 50-80%. Consequently, the payback period on
e-Invoicing projects can be as short as six months.
In 2011, approximately 5 million European invoice issuers and 75 million
recipients are expected to exchange more than three billion electronic
invoices. In the past, e-Invoicing was often initiated by large enterprises
or the public sector. These days, however, a wide variety of efficient
e-Invoicing solutions are available for small and medium-sized enterprises,
which is one of the reasons for why strong and sustainable growth rates of
30-35% have been predicted for the coming years.
Due to the attractiveness of this market, around 500 service providers
and another 200 application providers are offering their solutions and
services in Europe. As an aid for companies that want to choose the best
program or find a suitable service, there is a new market report written by
Bruno Koch, an independent and internationally renowned industry analyst and
owner of the consulting company Billentis.
The report provides all the relevant data and information for the larger
markets and helps the reader by focusing on the most promising solutions. The
report not only provides facts, but also useful opinions, information about
relevant initiatives (standards, legislation), evaluations, and details of
solutions offered by more than 20 providers.
A free 16-page extract of the report is available at
Stephan Mayer Phone: +41-71-911-60-32 E-Mail: email@example.com
Stephan Mayer, Phone: +41-71-911-60-32, E-Mail: pr1 at billentis.com
Tags: Billentis, March 29, Switzerland, Wil