In recent years, the electronic invoicing (E-Invoicing) sector has grown exponentially, largely attributed to businesses recognizing its various benefits. Apart from enabling widespread control over transactions and reducing errors in data entry, e-invoicing expedites VAT revenue recovery and reduces payment time by public administrations.
For a substantial amount of time, e-invoicing was not mandatory in most European countries. The situation is, however, changing rapidly with governments the implementation of e-invoicing mandatory for both large and small-scale businesses. The discernable growth in the e-invoicing sector is attributable to the vast market fragmentation, which supports the demand for systematic invoicing solutions across the region. Different service providers are offering cloud-based e-invoicing solutions that foster better record-keeping without storage issues, leading to customers' faster adoption of the solution. Further, the ever-increasing need for interoperability between multiple document formats in public administration processes, regulatory body operations, and tax authorities in numerous countries is also augmenting the growth of the e-invoicing market.
In this edition of CIOApplications Europe, we showcase the top e-invoicing solution providers, which are aimed at offering comprehensive and feasible e-invoicing solutions to customers. Among the featured companies are Archivium, Digital Technologies and QNB eFinans.
The magazine also features the expert perspectives of Barbara Liebich- Steiner, Chief Digital Officer/Head of Digital Strategy & Solutions, Uniqa Insurance Group Ag [VIE: UQA], Laura Quaroni, Head of Privacy and Security, BANCA IFIS [IF: BIT], and Joy Huesmann- Overmeer , Senior Director, Global Head Business Process Change, Client Expereince, Deutsche Bank [ETR: DBK].
These esteemed professionals share their invaluable insights concerning the transformations and developments within the industry, along with the ensuing challenges and possible solutions.
We hope these valuable insights from industry leaders featured in this edition will assist you in making informed decisions for your businesses.
