| Product | Market Share (%) |
|---|---|
| OpenText Trading Grid e-Invoicing | 17.9% |
| SNI e-Invoicing | 1.1% |
| Other | 81.0% |
OpenText Trading Grid e-Invoicing provides a digital invoicing platform with seamless integration, enhancing efficiency and accuracy for businesses in processing invoices.
OpenText Trading Grid e-Invoicing is a robust platform that supports electronic invoice exchanges, ensuring compliance and reducing manual efforts. It streamlines operations with secure data handling, reducing errors and expediting payment processes. It serves as a reliable tool for businesses seeking efficient financial transactions.
What are the key features?In industries like manufacturing and retail, OpenText Trading Grid e-Invoicing is implemented to improve supply chain efficiency. It supports high-volume invoicing and compliance with regulations, benefiting enterprises by ensuring timely payments and reliable audit trails.
The e-Invoicing landscape has been changing rapidly in recent years. The global market is booming with e-Invoicing solutions. In the European Union the main factor that enables fast-paced development in this area is the EU VAT Directive reform. It introduced the definition of the electronic invoice and creation of the cornerstone e-Invoice rules, i.e. authenticity of origin, integrity of content and legibility of the invoice.
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