The worldwide financial applications market reached €55.5 billion in 2024, and is expected to experience exponential expansion in the coming years. This will in part be driven by the transition to invoice automation and heightened regulatory requirements for transparency among global tax agencies, many of which pushing for real-time data collection. This is creating a best-of-breed solutions market, attracting software providers from EDI, AR, AP, ERP and Corporate tax application spaces, making interoperability a new norm.
Charles Aladesuru
Research Manager European Enterprise Solutions
Phil Bailey
Director, E-Invoicing Strategy and Execution at Thomson Reuters
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