The Evolution of E-Invoicing and Digital Trade: Preliminary Insights from the Billentis Report 2024

Billentis  released its highly anticipated report this week, 'The Global e-Invoicing and Tax Compliance Report: Watch the Tornado!', which marks a significant update since its last publication in 2017. This comprehensive report delves into the changing landscape of e-invoice compliance and digital trade, shedding light on pivotal developments and future trends that are reshaping the dynamic e-invoicing sector.

Embracing innovation and transformation

The report explores the profound impact of tax-driven Continuous Transaction Control (CTC) models and the role of emerging technologies such as Artificial Intelligence (AI) in shaping e-invoicing processes. It discusses the challenges and opportunities inherent to this evolving market, emphasizing the importance of streamlining tax compliance and invoicing processes through digital automation.

Market predictions and growth projections

Key highlights of the report are forward-looking market predictions for 2024-2028. Billentis anticipates substantial growth in e-invoice volumes, propelled by government mandates and regulations driving adoption. The projected growth suggests a compound annual growth rate (CAGR) of 10-20%, with the volume of e-invoices exchanged worldwide expected to surge to 550 billion by 2025.

Accelerating adoption and standardization

The future of e-invoicing is a landscape characterized by greater adoption, standardization, automation, and integration with emerging technologies. Real-time reporting and enhanced data analytics are poised to transform traditional invoicing processes, ushering in a new era of efficiency and transparency.

Download the Full Report

For a detailed view of these findings and more, download the complete Billentis report. Stay abreast of the latest trends and developments in the global electronic invoicing and tax compliance arena.