The E-Invoicing market in Europe will grow at a CAGR of 11.78% over the period 2013-2018.
One of the major drivers in the market is the reduction in costs and improved customer relations. E-invoicing eliminates paper processing, reduces failed payments and processing errors, accelerates the purchasing process, and improves customer relations. Hence, e-invoicing reduces the total operational cost and the time spent on the purchasing process. This indirectly helps in increasing the production rate.
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