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

Basware does not provide tax, legal or accounting advice. This product compliance documentation is protected by Basware copyright, is made available for information purposes only, without any guarantee or warranty, is not binding upon Basware and can be updated by Basware at any time, without notice. This documentation is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

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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