WIL, Switzerland, March 29, 2011 /PRNewswire/ -- It is estimated that over 150 billion invoices per year are exchanged worldwide, and these are to a large extent still paper-based. However, a rapidly increasing number of companies and consumers are adopting electronic channels.
North America appears to be one step ahead in electronic billing (EBPP) in the business-to-consumer segment, while the e-Invoicing (EIPP) market leaders in the business-to-business segment are in Latin America and Europe. In 2011, it is estimated that approximately 5 million European invoice senders and 75 million recipients exchange electronic bills/invoices. Since practically all large European companies are using this new electronic process, e-Invoicing is quickly spreading among medium-sized and small companies. Therefore, market growth rates of 30-35% are expected in the coming years.
Due to increasing globalization, North American companies are being affected by the electronic process operations of their trading partners and subsidiaries in Europe and Latin America. Consequently, there is a great need for information on the use of e-Invoicing in an international environment. As an aid for companies that want to choose the best suitable solution, there is a new market report written by Bruno Koch, an independent and internationally renowned industry analyst and owner of the consulting company Billentis.
The report is intended to support invoice senders and recipients who want to replace expensive and paper-based invoice processing with electronic and automated processes. It contains the most important figures and information about the market. In addition to facts on market development and relevant initiatives (standards, laws), readers will also find qualitative assessments and details of solutions offered by more than 20 providers.
A 16-page excerpt from the report is available free of charge: http://www.expp-summit.com/marketreport.htm Media Relations: Stephan Mayer Phone: +41-71-911-60-32 E-Mail: firstname.lastname@example.org