With apologies to Hollywood and those behind a recent Oscar winning film, E-Invoicing is a market undergoing radical transformation from both the inside (and) out. A combination of disruptive new technology models that go far beyond first generation supplier networks and evolving market and customer requirements (and expectations) are in the early process of taking a sleepy accounts payable-centric solution area and putting it front and center as an enabler of broader procurement, finance, supply chain and IT strategies. Spend Matters research and analysis based on interviews with a variety of solution providers, practitioners and consultants indicates the largest visible changes will take shape in the years ahead. This multipart Spend Matters PRO brief provides an e-invoicing outlook and forecast for 2016-2018. Included in this series are 10 technology and mega trends, a market forecast and sizing analysis, market growth and adoption scenarios and a look at the evolving competitive landscape and vendor shortlists, including how e-invoicing will increasingly intersect with supplier networks, invoice discounting, transactional analytics (procurement, A/P, payments), statement/invoice audit recovery and related market segments. For organizations looking to get started with the e-invoicing basics – or accelerate program adoption – we recommend starting with the PRO series E-Invoicing: What it Takes to Get to World Class (see Part 1 and Part 2).
E-Invoicing Market Outlook 2016-2018: 10 Technology and Mega Trends (Part 1) [PRO]
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