[March 19, 2014]

Research and Markets: Global E-invoicing Market 2012-2016: Market Size and Forecast by Size and Volume

Research and Markets (http://www.researchandmarkets.com/research/6sw7sd/global) has announced the addition of the "Global E-invoicing Market 2012-2016" report to their offering.

The analysts forecast the Global E-invoicing market to grow at a CAGR of 24.2 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need to automate invoicing process and reduce operational cost. The Global E-invoicing market has also been witnessing the increasing adoption of e-invoicing by SMEs. However, the complexity involved in electronic purchasing process could pose a challenge to the growth of this market.

Key vendors dominating this market space include Ariba Inc., Basware Corp., Esker SA, and IBM (News - Alert) Corp.

Other vendors mentioned in the rport: PricewaterhouseCoopers Inc., Billentis, Cegedim SA, Comarch SA, and Maventa Ltd.

Commenting on the report, an analyst from TechNavio's Enterprise Computing team said: ''Earlier, SMEs had limited options when seeking to adopt a system that would ensure optimal business performance. This was because they did not require, or could not afford, all the features of enterprise-class systems. Their options were limited to freeware, low-end or open-source solutions that mainly focused on server or network monitoring. In the last few years, many SMEs have become increasingly aware of the significance of having a solution that preserves their brand reputation and enhances the business process. Some new vendors in the e-invoicing space are aware of this opportunity, and they have recently entered the market with offerings that are positioned to capitalize on this trend. The combination of these new vendors' pricing models and the capabilities and the ease of management that their solutions offer makes these products appealing, especially to SMEs.''

According to the report, one of the major drivers in the market is the need to automate the invoicing process and reduce the operational cost. E-invoicing enables companies within or across organizations to automate invoice generation and enhance the overall business process. It also reduces the total operational cost and the time spent on the purchasing process.

For more information visit http://www.researchandmarkets.com/research/6sw7sd/global

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