Dallas, Texas (PRWEB) May 06, 2014
The emergence of cloud-based solutions have enabled organizations to increase their efficiency and reduce the cost of setting up valuable IT infrastructure. The cloud-based model for e-invoicing offers a pay-per-use model, which provides cost-effective access to e-invoicing solutions to multiple users without any time and location constraints. Although many enterprises have a clear understanding of the benefits of e-invoicing, a number of concerns and risks, particularly in relation to data sharing and data security, affect the adoption of such solutions. Hence, many vendors have begun to offer their solutions through cloud-based models to expand their services and enter new markets.
Analysts forecast the Global e-Invoicing market will grow at a CAGR of 23.3 percent over the period 2013-2018. According to the report, the need to automate the invoicing process and reduce operational costs in organizations is one of the major drivers. E-invoicing enables organizations to automate invoice generation and enhance the overall business process. It also reduces the total operational cost and time spent on the purchasing process.
The solutions for Global e-Invoicing market can be offered in three different models or a combination of models. In model 1, vendors offer basic e-invoicing services free of cost. In model 2, vendors offer additional and value-added services such as digital signatures and archiving. In model 3, vendors offer services under the freemium model along with full-fledged paid solutions.
Global e-Invoicing Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, Europe, and the APAC region; it also covers the Global e-Invoicing market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Purchase Report @ http://www.sandlerresearch.org/purchase?rname=16815.
- Ariba Inc.
- IBM Corp.
Other Prominent Vendors
- Itella Corp.
- Maventa Ltd.
- Pricewaterhouse Coopers
- Transcepta LLC
- Need to Automate Invoicing Process and Reduce Operational Cost.
- Complexity Involved in Electronic Purchasing Process.
- Emergence of Cloud Computing.
Further, the report states that the complexity involved in the electronic purchasing process is one of the major challenges. The electronic purchasing process is extremely complex; creating and maintaining product data electronically and enabling suppliers to support electronic transactions increase this complexity. Generally, there is a limitation in the ability of e-invoicing to address various types and ranges of purchasing activities.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Table of Contents
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Geographical Segmentation
08. Key Leading Countries
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
17. Key Vendor Analysis
18. Other Reports in this Series
List of Exhibits:
Exhibit 1: Market Research Methodology
Exhibit 2: E-invoicing Process
Exhibit 3: Global E-invoicing market 2013-2018 (US$ billion)
Exhibit 4: Global E-invoicing Market by Geographical Segmentation 2013
Exhibit 5: List of Major Vendors in the Global E-invoicing market
Exhibit 6: Ariba Inc.: Business Segmentation
Exhibit 7: Product Portfolio: Ariba Inc.
Exhibit 8: Basware: Business Segmentation
Exhibit 9: Esker: Business Segmentation
Exhibit 10: Ekser: Revenue by Geography
Exhibit 11: IBM Corp.: Business Segmentation
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