According to the 2014 Billentis report electronic and automated invoice processes can result in savings of 60-80 percent compared to traditional paper-based processes. The private sector businesses and solution providers have developed the market in recent years, supported by private sector businesses and public sector initiatives in Latin America and in a handful of countries in Europe and Asia. The adoption on e-invoicing has increased, yet the potential is still tremendous.
The main game changer for the broad-scale adoption of e-invoicing is the public sector. Some countries are already front-runners, such as the Nordics. The public sector in most European and some Asian countries is expected to become one of the key drivers for the e-invoicing market.
Besides the public sector also large customers have encouraged millions of small and medium enterprises (SMEs) to send invoices solely in an electronic format. SMEs are also likely to demand completely new and easy to use solutions. Solution providers are therefore – as for the past decade - still in the key game changer position, creating and providing the innovative solutions and processes which will accelerate the uptake of e-invoicing.
E-invoicing is the key to unlocking the value in business – and economies as a whole. It’s potential is huge and waiting to be tapped.
To download a free copy of the Billentis report 2014, please visit http://bit.ly/1l7DP6w.
Billentis has many years of experience in the following fields:
- Electronic billing and invoicing
- Electronic, mobile and card-based payment transactions
- Replacement of paper-based processes with electronic and automatic processes
- Outsourcing and ASP
- Business development
- Product management
We are a small, highly specialised and flexible company. The ultimate goal of our activities is the long-term increased returns of our customers. We adopt an integral approach from design through project management to implementation. Since our company was established in 1999, we have provided our services to over 150 customers in 50 countries. They include issuers and recipients of bills, solution and service providers, electronic marketplaces, banks, postal companies and other customers from various sectors.
Basware is the global leader in providing purchase-to-pay and e-invoicing solutions in the world of commerce. We empower companies to unlock value across their financial operations by simplifying and streamlining key financial processes. Our Basware Network, the largest open business network in the world, connects 1 million companies across 100 countries and enables easy collaboration between buyers and suppliers of all sizes. Through this network, leading companies around the world achieve new levels of spend control, efficiency and closer relations with their suppliers. With Basware, businesses can introduce completely new ways of buying and selling to achieve significant cost savings and boost their cash flow.
Find out how Basware helps money move more easily and lets commerce flow at www.basware.com.