Top 11 E-invoicing Companies in the World

The global e-invoicing market size reached US$ 13.5 Billion in 2023. As per the analysis by IMARC Group, the top e-invoicing companies focus on providing better customer service. The e-invoicing market growth enables market players to improve their efficiency in handling invoices, which can lead to faster processing times and better cash flow management. The top market players are investing in research and development to improve e-invoicing solutions and make them more efficient and user-friendly. Furthermore, they offer various e-invoicing solutions that cater to different business needs and sizes. Several leading players are partnering with other companies to provide comprehensive e-invoicing solutions that integrate with other business systems. They provide training and support to help businesses adopt e-invoicing solutions and optimize their usage. Apart from this, the cloud-based e-invoicing solutions the market players offer enable businesses to access their invoicing systems from anywhere. Major players are collaborating with governments and regulatory bodies to promote the adoption of e-invoicing and comply with regulations. This, in turn, is creating a positive outlook for the market. Moreover, the market players are offering e-invoicing solutions compatible with different payment methods, such as credit cards and electronic fund transfers. This, in turn, is offering lucrative opportunities for the market. Besides, the introduction of automated and mobile-friendly e-invoicing solutions is strengthening the market. The top market players are offering e-invoicing solutions that enable businesses to reduce their carbon footprint and improve environmental sustainability. They are also focusing on offering e-invoicing solutions that provide advanced security features to protect against fraud and cyber-attacks. All these factors are providing a boost to the market expansion. On account of these factors, the market to reach US$ 60.9 Billion by 2032, exhibiting a growth rate (CAGR) of 17.7% during 2024-2032.

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List of Top Companies Operating in the E-invoicing Industry Worldwide:

The global e-invoicing market has several major players, including Araize Inc., Basware Oyj, Brightpearl, Cegedim (FCB SAS), Comarch SA, Coupa Software Incorporated, International Business Machines Corporation, Nipendo Ltd., Paysimple Inc. (EverCommerce), SAP Ariba (SAP SE) and The Sage Group Plc. More information about these companies has been provided below.

1. Araize Inc.

Araize is a software company that provides cloud-based financial management software for nonprofit organizations, churches, and schools. The company offers a range of software solutions, including FastFund Accounting, FastFund Online Nonprofit Software, and FastFund EZ Accounting, which provide tools for managing financial operations such as accounts payable, accounts receivable, general ledger, and payroll. The software also includes features for tracking grant funding, donor management, and fundraising campaigns. The company's software solutions are designed to be user-friendly and can be customized to meet the specific needs of different organizations. The company also provides training and support services to help organizations get the most out of their software.

2. Basware Oyj

Basware Corporation is a software company that operates in more than 70 countries. It has subsidiaries in Scandinavia, Western Europe, and the United States. It sells enterprise software for financial processes, purchase-to-pay, and financial management. The company's products are packaged composite applications (PCA) to interact with and complete the functionalities of existing systems, like enterprise resource planning (ERP) systems, employed across the company to support daily processes. These software automates invoice receiving, invoice processing and can also be executed as a software-as-a-service (SaaS) delivery.

3. Brightpearl

Brightpearl is a cloud-based retail management software that helps retailers streamline their business operations. It offers a comprehensive platform that integrates with e-commerce platforms, point-of-sale (POS) systems, shipping providers, and accounting software, allowing retailers to manage their sales, inventory, customers, and accounting in one place. Brightpearl's software's key features include inventory management, order management, customer relationship management (CRM), accounting and reporting, and fulfillment and shipping management. The platform is developed to be user-friendly and scalable, enabling retailers to manage their operations from a single dashboard as they grow their business. The company serves a range of retail industries, including apparel, consumer goods, electronics, and furniture. The company's software is designed to help retailers improve their operational efficiency, increase sales, and provide better customer experiences.

4. Cegedim (FCB SAS)

Cegedim is an international technology and services company committed to innovation. It supplies services, technological tools, specialized software, data flow management services, and databases. It offers its products mainly for healthcare professionals, healthcare industries, life science companies, and health insurance companies. It offers healthcare professionals a wide range of products and services, including software solutions for managing patient data, electronic medical records, clinical decision support, and medical billing. The company also offers data analytics and business intelligence solutions to help healthcare organizations improve operations and better understand patient needs.

5. Comarch SA

Comarch is a multinational software house and systems integrator. It provides services in Telecommunications, Finance and Banking, the Services Sector, and Public Administration. Its services include billing, Enterprise Resource Planning (ERP) systems, IT security, IT architecture, management, outsourcing solutions, Customer Relationship Management (CRM) and sales support, electronic communication, business intelligence, and cloud solutions for various businesses. The company's solutions include customer relationship management, enterprise resource planning, supply chain management, business intelligence software, and solutions for e-commerce, cybersecurity, and Internet of Things (IoT) devices. Comarch is committed to using technology to drive innovation and help its clients achieve their business objectives. The company's solutions are meant to be scalable, customizable, and user-friendly, enabling clients to meet their unique business needs and stay competitive in their industries.

6. Coupa Software Incorporated

Coupa Software is an international technology platform for Business Spend Management (BSM). It is headquartered in California, with offices throughout Europe, Latin America, and Asia Pacific. It helps businesses gain visibility into and manage how they spend funds, optimize supply chains, and handle liquidity. It provides companies with tools to manage their expenses, procurement, and financial operations. Coupa's platform is designed to help businesses streamline their procurement processes, manage their expenses, and gain visibility into their financial operations. The platform includes spend analysis, supplier management, purchase order management, invoice management, and payment automation. It also offers various services, including travel and expense, contract, and inventory management.

7. International Business Machines Corporation

The International Business Machines Corporation is a global technology company specializing in computer hardware, middleware, and software. It provides hosting and consulting services from mainframe computers to nanotechnology. It is the largest industrial research company in the world, with 19 research facilities across numerous countries. It is an industry leader in various emerging technologies, like electric typewriters, electromechanical calculators, and personal computers. The company has been responsible for many technological innovations, including the automated teller machine, the relational database, dynamic random-access memory (DRAM), the floppy disk, the magnetic stripe card, the SQL programming language, the hard disk drive, and the UPC barcode. The organization has made inroads in advanced computer chips, quantum computing, AI, and data infrastructure. IBM is consistently ranked among the world's most recognizable, valuable, and admired brands, with a devoted following among many tech enthusiasts and consumers.

8. Nipendo Ltd.

Nintendo is a software company that provides supply chain automation solutions to businesses in various industries. Its platform is designed to help businesses streamline their supply chain operations by automating manual processes, reducing errors, and increasing visibility into their supply chain data. The platform includes order, invoice, supplier, and compliance management features. It also integrates with other supply chain management systems, such as enterprise resource planning (ERP) systems, to provide businesses with a view of their supply chain operations. Nipendo helps companies automate their purchase-to-pay processes and replace manual labor and human decision-making with smart bots that operate according to corporate policy, compliance rules, and regulations.

9. Paysimple Inc. (EverCommerce)

PaySimple is a company that helps business owners streamline billing and payment acceptance plus sell more online, and market to their customer base with a state-of-the-art cloud-based payment management solution. PaySimple's platform enables businesses to accept customer payments through multiple channels, including credit cards, e-checks, and online payments. The platform also includes recurring billing, invoicing, and customer management features. PaySimple's platform is designed to be user-friendly and customizable, enabling businesses to tailor their payment and billing processes to their specific needs. In addition to its payment and billing tools, PaySimple offers a range of services to help businesses manage their cash flow, including a virtual terminal for processing payments, a mobile app for accepting payments on the go, and integrations with accounting and CRM software. The company also provides support and training services to help companies get the most out of their platform.

10. SAP Ariba (SAP SE)

SAP Ariba is a leading software and information technology services company in California, United States. The company was founded to use the internet to enable businesses to facilitate and improve the procurement method, which was paper-based, labor-intensive, and inefficient for large corporations. The company provides businesses with tools to manage their procurement processes, supplier relationships, and supply chain operations. SAP Ariba's platform includes features, such as supplier management, sourcing, contract management, procurement, and invoice management. The platform is designed to help businesses streamline their procurement processes, reduce costs, and improve their supplier relationships. It also includes various analytics and reporting tools that give businesses insights into their procurement processes and supplier performance. The platform can be integrated with other SAP solutions and third-party applications to provide businesses with a complete view of their supply chain operations.

11. The Sage Group Plc

The Sage Group plc, or Sage, is a global enterprise software company in Newcastle upon Tyne, England. The company was founded to develop estimating and accounting software for small businesses. It provides business management solutions to small and medium-sized businesses (SMBs). Its products include accounting, payroll, customer relationship management (CRM), and enterprise resource planning (ERP) software. The company's software solutions are designed to help SMBs manage their finances, operations, and customer relationships more efficiently. Sage's products are available in various versions and editions to suit businesses of different sizes and industries. The company also offers cloud-based versions of its software, allowing businesses to access their data and applications from anywhere with an internet connection.

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