Research and Markets: Europe E-Invoicing Market 2014-2018 with Basware, Esker SA, SAP AG & Tieto Oyi Dominating

[Kyle Brixey]

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.