|By Business Wire||
|January 16, 2014 01:29 PM EST||
Research and Markets (http://www.researchandmarkets.com/research/t5d4q8/einvoicing) has announced the addition of the "European E-Invoicing Market Forecast & Opportunities, 2016" report to their offering.
One of the major drivers in the European e-invoicing market is the need to automate the invoicing process and reduce operational costs. E-invoicing enables companies within or across organizations to automate invoice generation and enhance the overall business process. It also reduces the total operational costs and the time spent on the purchasing process. The emergence of cloud-based solutions has enabled organizations to increase their efficiency and reduce the cost of setting up valuable IT infrastructure. However, many organizations are still analyzing the feasibility and relevance of cloud computing solutions in their IT operations.
The cloud-based model for e-invoicing offers a pay-per-use model, which provides cost-effective access to the e-invoicing solution at any time and from any place by multiple users. Although many enterprises have increased understanding of the benefits of cloud-based e-invoicing, a number of concerns and risks, particularly in relation to data sharing and data security, are affecting the adoption of such solutions. However, the E-invoicing market in Europe is witnessing a trend where many vendors in the market have begun to offer their solutions through cloud-based models to expand their services and enter new markets.
Further, the report states that the complexity involved in an electronic purchasing process is one of the major challenges confronting the market. The integration of e-invoicing solutions with existing business systems such as accounting and human resources systems can be more complex than anticipated.
The key vendors dominating this market space are:
- Ariba Inc.
- Basware Corp.
- Esker SA
- Tieto Oyj.
Key Topics Covered:
01. Executive Summary
02. Scope of the Report
03. Market Research Methodology
04. List of Abbreviations
06. Market Landscape
07. End-user Segmentation by Company Size
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
For more information visit http://www.researchandmarkets.com/research/t5d4q8/einvoicing