E-invoicing Software Market Definition
An e-invoicing software automates the process of managing teh electronic invoicing and accounting which is generated by sellers system, online bank, etc. The software helps in downloading teh e-invoice file provided by the e-invoicing operator, it is used widely by the industries and many small-medium enterprises across the world. As the software eliminates the sending paper invoices work and saves cost, the e-invoice is available in teh structured data form.
The market study is broken down, by Application (Small-medium Enterprise and Large Enterprise) and major geographies with country level splits.
FreshBooks (Canada), Sage Group plc (United Kingdom), Zoho Corporation (India), Intuit Inc. (United States), Priority Software Ltd. (Acclivity) (United States), Brightpearl (United Kingdom), FinancialForce (United States), Coupa Software (United States) and Sovos Compliance, LLC. (United States) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global E-invoicing Software market by Type, Application and Region.
On the basis of geography, the market of E-invoicing Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Device, the sub-segment i.e. PC will boost the E-invoicing Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud-Based will boost the E-invoicing Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. AP Process Automation will boost the E-invoicing Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 202th May 2020, Sovos Acquires Taxweb, Extends Tax Determination Capabilities in World’s Most Challenging Compliance Landscape. Earlier this month Sovos announced its second acquisition of 2020, completing our solution for Brazil with an unparalleled offering that solves tax compliance in the place where it is most challenging to do so. Too many companies doing business in Brazil have been burdened by managing multiple point solutions for continuous transaction controls (CTCs), tax determination, and tax reporting.
- Increasing Consumption of E-invoicing Software in the Small-medium Enterprise for the Proper Operation
- Demand for Automation in Accounting and Payment Cycles
- Increasing Online Transaction and other Financial Operation
- Need for Enhancing Compliances, Preventing Errors, Losses and Frauds in the Accounting
- Emerging Big Data Analytics Technology will Boost the E-invoicing Software
- Regulatory Push Towards Electronic Invoicing
- Data Thefts Related Risks with E-invoicing Software
- Technical glitches and Upgradation Issues Associated with E-invoicing Software
Key Target AudienceE-invoicing Software Developers, E-invoicing Software Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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