Science & Technology

European e-invoicing market growth forecast revealed

The study predicts a 17.1% increase by 2027

e-invoicing market

European e-invoicing market growth forecast revealed. Source: shutterstock.com

According to the research, the European e-invoicing market is expected to reach $4,2 million by 2027, compared to $1,2 million a year ago.

Electronic billing methods are used by trading partners to ensure that the terms of a trading agreement are met by providing and monitoring transaction documents.

These documents include invoices, purchase orders, debit and credit notes, payment terms and instructions, and remittance vouchers.

Besides, e-invoicing solution providers are offering solutions that allow users to manage their operations. They also provide protection from any risk related to regulatory compliances affecting “order to cash” and “procure to pay” business processes.

We’ve reported that the global payments solutions provider HPS, Ghana Interbank Payment, and Settlement Systems (GhIPSS) launched a universal QR code. This way, Ghanaians will be able to carry out transactions via mobile wallets, cards, and bank accounts.

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