Boom! New Billentis Report on Electronic Invoicing and Tax Compliance is Out

May 02, 2024 08:58 AM

It is a few years since the last version, so 'The Global e-Invoicing and Tax Compliance Report: Watch the Tornado!' is very much awaited.

Preliminary Insights from the Billentis Report 2024

Market Growth: A substantial annual growth rate of CAGR 10-20% in e-invoicing volumes is anticipated, propelled by government mandates and regulations driving adoption. Projections foresee a surge in e-invoicing adoption rates and market value, with the current market value at $8.9 billion, projected to ascend to approximately $23.7 billion by 2028.

  • Regulatory Impact: The major impact of the adoption of tax-driven Continuous Transaction Control (CTC) models globally and the governmental policies on e-invoicing mandates.
  • Integrated Digital Trade (IDT): The opportunities and comprehensive strategies for automating both business transactions and financial operations.
  • Technology Integration: The emerging technologies such as AI are increasingly integrated with e-invoicing systems, offering enhanced efficiencies, capabilities and security.

There is many more highlights in the report on forward-looking market predictions for 2024-2028, acceleration of adoption and standardization, enhanced data analytics and more.

Download the 2024 Billentis Report

This report is a vital resource for businesses and professionals seeking to navigate the evolving realm of e-invoicing and leverage insights for strategic growth and compliance. Discover the transformative potential of e-invoicing and start your roadmap to success with Basware.
#e-invoicing mandates #invoice vat & tax regulations #sending e-invoices #receiving e-invoices
Anu Hämäläinen
Anu Hämäläinen
Senior Manager, Product Marketing An expert in IT-marketing from the field to product marketing and local to global markets for 20+ years. As Senior Manager, Product Marketing for Basware, Anu communicates and positions the e-invoicing services portfolio to all our global markets. Coming from a highly digitized market area, Anu has seen paper invoices turn into e-invoices, both in business and personal, over the last 15 years. Anu has also worked extensively with PDF invoice ingestion supported by AI and is well-versed in e-invoice compliance across various markets, ensuring businesses stay ahead of regulatory changes.

Invoice VAT & Tax regulations

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