In comparison with paper-based processes, electronic invoice handling processes make it possible to reduce costs by between 50% and 80%. 
Investments in electronic invoice processing can therefore often be gained back within six months, according to a new report.
Many companies are already using electronic processes. In 2013 around 20-billion bills/invoices globally and 5,5-billion invoices in Europe are likely to be sent and archived paper-free.
The high level of debt of the public sector means that this segment must automate its processes and sustainably reduce costs. The optimisation potential of the public sector in Europe alone is likely to amount to at least 40-billion euro.
More and more customers expect invoices from their suppliers in electronic form. Therefore, sustainable rates of growth of 20% to 30% are expected for the electronic invoice market in the coming years.
Because of the attractiveness of this market, several hundred service providers and software houses offer their solutions for e-invoicing. There is therefore no lack of offers. Rather, users are now looking for all-encompassing information on the topic.
A new market report, authored by international market analyst Bruno Koch of Billentis, provides help for companies which want to choose the best model for themselves and find a suitable solution.