Governments worldwide are mandating electronic invoicing, forcing businesses to adapt for compliance and competitive advantages. E-invoicing is crucial for streamlining operations, enhancing transparency, and reducing costs. Businesses must stay ahead of regional trends and regulatory requirements as e-invoicing evolves. The global e-invoicing market was worth $4.95 billion in 2021 and is projected to reach $15.5 billion by 2026, driven by government mandates, enhanced security, and cost reduction. ERP companies are enhancing systems and partnering with e-invoicing providers to fulfill business demands, leveraging emerging technologies like AI, blockchain, and machine learning.
Source Storecove
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