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Global e-invoicing market to grow 28% per year Billentis Report finds

Tuesday 30th April ,2024

Pagero has announced the release of the 2024 Billentis Report on Global E-Invoicing and Tax Compliance to its community.

The billentis report, authored by industry experts Bruno Koch and Marcus Laube, provides a comprehensive, research-driven overview of the state of e-invoicing and tax compliance today.

The report sponsored Pagero, estimates the value of the e-invoicing market to grow by on average 28% per year between 2024 and 2028 – at the end of which the annual transaction volume is estimated to be 184 billion e-invoices.

The report also found, the overall global supply chain finance market is expected to grow from $6 billion in 2021 to $13.4 billion by 2031.

Oscar Wegland, Chief Marketing Officer at Pagero, commented on the report, saying: "The billentis report does an excellent job of underscoring that we are reaching a tipping point now where e-invoicing and automated tax compliance is transitioning to a phase of widespread market adoption. At Pagero, we saw this ‘tornado’ of digital transformation coming over a decade ago and built an open, scalable solution that can handle the skyrocketing demand that will inevitably follow the rollout of e-invoicing mandates across the world".

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Avalara

Avalara helps businesses of all sizes get tax compliance right. In partnership with leading ERP, accounting, eCommerce and other financial management system providers, Avalara delivers cloudbased compliance solutions for various transactional taxes, including sales and use, VAT, GST, excise, communications, lodging, and other indirect tax types. Headquartered in Seattle, Avalara has offices across the U.S. and around the world in Canada, the U.K., Belgium, Brazil, and India.