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Summary
The global market for invoice dematerialization is experiencing significant growth, with trends indicating a substantial shift towards digital solutions for invoice management. According to Zion Market Research, the invoice dematerialization market is expected to reach approximately $20.53 billion by 2026, reflecting a robust CAGR of 20.4%. Only 8% of the 370 billion invoices issued worldwide were managed electronically; however, the number of dematerialized invoices is increasing rapidly, with expected annual growth rates of 15% in Europe, 20% in North America and 25% in Asia.
In France, the market for dematerialized invoices is estimated at between 56 and 63 million euros. Public procurement and B2B transactions are driving demand, and with changes in legislation, companies will no longer be able to refuse electronic invoices from 2020. In particular, the French public sector requires the use of electronic invoices for public procurement, processed by platforms such as Chorus Pro. Market segmentation shows the dominance of a few key players such as Generix, Tungsten and Cegedim. In addition, the predominance of Software as a Service (SaaS) reflects the balance of revenues generated by software distribution, consulting and maintenance services in the invoice dematerialization sector
Trends and figures at a glance
In recent years, France has seen a marked shift towards dematerialization of invoices, a measure increasingly adopted by various sectors, including businesses, local authorities and private individuals. Against this backdrop, the market for dematerialized invoicing is booming, thanks to the progress made in terms of efficiencyefficiency, paper savings and improved document traceability thanks to digital solutions.
Trends in the penetration of electronic invoicing in France show a remarkable growth trajectory. Around 80 million electronic invoices have been circulated in France, representing some 4 to 5% of all invoices exchanged. Estimates of the size of the French e-invoicing market were between 30 and 40 million euros, suggesting sustained activity in the sector.
The French government and local authorities in particular have contributed to this upward trend, as evidenced by the increase in electronic invoices sent via the Chorus platform, which rose significantly year-on-year from 11.1 million to 27.4 million. This aggressive jump signals the public sector's willingness to adopt digital solutions for invoice management. Market demand is driven not only by compliance with government regulations, but also by the quest for greater operational efficiency. Reports suggest that around 70-80% of French companies had not digitized more than half of their invoices.
However, responsible business sentiment is evolving rapidly, with a solid 60% of companies that have had dematerialization solutions for more than four years taking the lead. In France, individuals pay their "living expenses", such as utility and tax bills, mainly by direct debit, with Internet and telephone bills topping the list.
as these habits become more entrenched, we can expect demand for convenient, transparent e-billing solutions to increase. At the same time, French municipalities, particularly those with populations of less than 10,000, are taking a positive view of dematerialization. The perceived benefits, including time savings and optimized management costs, are encouraging local authorities to adopt e-invoicing solutions to streamline administrative processes.
These changes in both the private and public sectors point to a growing demand for dematerialized invoicing, which is set to spread and deepen across the different segments of the French market, paving the way for an ethe dematerialization of invoices is a fast-growing market, driven by the need for efficiency, cost reduction and improved traceability in invoice management.
Among all the players in this sector, several companies have established themselves as major players thanks to their comprehensive offerings and innovative solutions. Here's an overview of the main players in the evolution of invoice dematerialization.
- Generix Group: Generix Group is a major player in invoice dematerialization. Offering a suite of services encompassing SaaS, consulting and maintenance, Generix Group has positioned itself as a partner of choice for companies looking to modernize their invoicing processes.
- B Process (before platform suspension): B Process was once a market leader before its platform ceased operations in 2017. Its legacy reminds us of the dynamic and ever-changing nature of the technological landscape, and the need for adaptability and innovation.
- Tungsten: With a global presence, Tungsten is recognized for its ability to streamline invoicing processes, offering robust e-invoicing solutions that facilitate transparent transactions while ensuring compliance with various regulatory standards.
- Agena 3000: Specializing in electronic data interchange, Agena 3000 enables companies to automate their invoicing processes. This automation translates into significant efficiency gains and the ability to accurately process large volumes of transactions.
- Cegedim: This company offers a variety of services related to electronic invoicing and document exchange. Committed to innovation, Cegedim provides solutions designed to meet the complex invoicing requirements of modern businesses.
- Edicom: Edicom develops advanced e-invoicing platforms that offer attractive features such as real-time tracking and compliant archiving, making a major contribution to simplifying the invoicing process for its customers.
- TrustWeaver: As a company with a strong focus on security and compliance, TrustWeaver offers solutions that integrate seamlessly with existing invoicing systems to guarantee the security of the invoicing process.systems to guarantee the authenticity and legal value of digital documents through advanced electronic signatures and time stamping.
- IBM: With its wide range of enterprise solutions, IBM is a major player in the provision of comprehensive and scalable e-invoicing services. Its expertise in automation and data security makes it a key player in the market.
- EDT: EDT (Electronic Document Technologies) focuses on intuitive invoice dematerialization solutions that integrate effortlessly with existing enterprise systems, enabling companies to make a smooth transition to paperless operations.
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Detailed content
Inforamtion
- Number of pages : 30 pages
- Format : Digital and PDF versions
- Last update : 15/06/2022
Summary and extracts
1 Market overview
1.1 Definition and scope of the study
The dematerialization of a document consists in transferring it from a physical medium (most often paper) to a digital medium. Invoice dematerialization solutions offer either to convert paper invoices to digital format, or to edit and manage all the invoices of an individual or an organization directly on some kind of software. Such solutions allow invoice management through the entirety of its life cycle, from its issue to its archiving, with the possibility of sending it to the customer.
These solutions have become popular with businesses, local authorities, the State and private individuals because of their efficiency, paper savings and document traceability.
1.2 The dematerialization of invoices is progressing rapidly around the world
According to a study by Zion Market Research, the global e-invoicing market was worth $*.** billion in ****. This report expects a sharp increase in revenue generated by e-invoicing solutions, with an expected CAGR of **.*% per year between **** and ****, reaching approximately $**.** billion by ****.
E-Invoicing Market Size Global, ****-****, Billion $ Source: ****
This very strong ...
1.3 The dematerialization market in France is growing
Estimated turnover of the French market
In ****, ** million electronic invoices were exchanged in France, representing *.*% of the invoices exchanged that year. The adoption rate of e-invoice solutions (***), reveals that the exchange of e-invoices is however not systematic. [***]
The number of electronic invoices sent to local authorities and the State, now centralized ...
2 Analysis of the demand
2.1 Bills and individuals
According to an Opinion Way survey, "The French and bills" of late ****, between **% and **% of French people personally pay their bills for "current expenses" (***), without going through an intermediary.
Personal payment of current housing expenses France, ****, % Source: ****
The French generally pay their bills via an automated direct debit each month. Internet ...
2.2 Invoices and companies
The majority of companies in France have already implemented dematerialization solutions for invoices (***). However, most of these companies only have one solution. This implementation is generally old since it is more than * years old in **% of the companies concerned.
Use of dematerialization solutions for invoices in companies France, ****, % Source: ****
This equipment ...
2.3 Bills and local authorities
According to the dematerialization barometer conducted by the JVS group, the employees of town halls in French municipalities of less than **,*** inhabitants see the rise of dematerialization as an opportunity. The three main benefits they perceive are time savings (***).[***]
Perception of dematerialization in French municipalities with fewer than **,*** inhabitants France, ****, % Source: ...
2.4 Towards dematerialization beyond invoices
Bruno Koch, analyst at Billentis, explains that dematerialization should become widespread in the years to come. [***] On the one hand, this process could be encouraged by the authorities, via restrictive legislation, or by a will of the companies to simplify their internal management. He expects in particular the dematerialization of :
Purchase ...
3 Market structure
3.1 Who are the players in the dematerialization of invoices market in France?
According to data from SerdaLab, covering the year ****, there are * main players in the market :
Bill management and intermediation service providers between the payer and the receiver, ISPs and integrators, Electronic invoice management software publishers (***).
The other, less important players are cloud-based dematerialization platforms, consulting companies, trusted third parties and software ...
3.2 Activities related to electronic invoicing
Invoice dematerialization software developed by software distribution companies is usually accompanied by several ancillary services that enable the publisher to secure future revenues. The revenues of Generix Group, one of the largest publishers of invoice dematerialization software, gives an insight into the distribution of revenues of an invoice dematerialization company.
Generix ...
4 Analysis of the offer
4.1 The dematerialization of invoices takes several forms
According to CCM there are two types of electronic invoices.
The "structured" invoices which are issued according to the standards of electronic data interchange recognized by the State. They have several formats and correspond to the EDI standard (***), XML and other formats such as the IDoc of SAP. Unstructured" invoices sent ...
4.2 The advantages of dematerializing invoices
According to CCM the dematerialization of invoices has many advantages:
The dematerialization of invoices generates financial gains for the company with a reduction in paper costs and processing of shipments: while a paper invoice costs an average of €**, a dematerialized invoice costs about €*. This represents a financial gain of nearly **€ per ...
5 Regulation
5.1 An important current regulation
Software publishers and economic actors using electronic invoices must respect a certain number of standards set by law. The legislation has indeed greatly evolved over the last few years, for all companies, whatever their size. They are no longer able to refuse electronic invoices since ****, for example. [***]
E-invoices must comply with ...
5.2 Electronic invoicing for public contracts and between companies
The Le Coin des Entrepreneurs website has drawn up a typology of present and future obligations for companies and local authorities regarding electronic invoicing.
Public contracts
The order of June **, **** gives a set of rules for electronic invoices sent in the context of a public contract. Electronic invoicing is already mandatory ...
5.3 Electronic invoices can replace paper invoices
Signexpert details the new rules that recently apply to electronic invoices. With the new article **** of the Code Civil, reliable copies of invoices have the same evidentiary value as the original invoices. Several conditions must be respected in order to ensure this reliability:
The transfer between paper and electronic media must ...
6 Positioning of the actors
6.1 Segmentation of market players
List of charts
- Size of the invoice dematerialization market
- Do you have a project for the dematerialization of your invoices?
- Personal payment of current housing expenses
- Method of payment of fixed charges
- Difficulties encountered by local authorities in the face of dematerialization
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Latest news
"Doctors are going to love it": a French AI launched by Docaposte | French generative AI for doctors from Docaposte - 18/10/2023
- Docaposte is a digital subsidiary of La Poste, specializing in digital trust, including electronic signature, remote identity verification, archiving and data storage.
- Three French technology partners have joined Docaposte in a generative artificial intelligence initiative: LightOn (which has developed its own LLM language model), Aleia (an artificial intelligence SaaS platform) and NumSpot (a sovereign cloud company).
- Docaposte launches "MedAssistance", a generative AI offering for the healthcare sector.
- This offering can help caregivers access information more easily and obtain more reliable results.
- Docaposte is in contact with numerous hospitals, particularly since its acquisition of Maincare, a healthcare software publisher, last March.
- La Poste Group also acquired start-up Openvalue in April 2021.
Cegid brings its teams together on a campus in Boulogne-Billancourt - 27/06/2023
- European leader in cloud management solutions
- 791 million euros in sales by 2020
- 4.400 employees in France
With Dassault and Bouygues, La Poste creates Numspot, a new French player in trusted cloud services - 29/03/2023
- - 4 partners involved in the project
- - 6,500 Docaposte employees
- - Docaposte expects sales to top one billion euros in 2023
- - 400 data scientists at Numspot's disposal
- - Objective of providing a complete trusted cloud offering
- - Market launch in the second half of 2023
Digital identity: La Poste subsidiary Docaposte could take over the former Imprimerie Nationale - 13/03/2023
- Imprimerie Nationale, 34% owned by the French State and 66% by Caisse des Dépôts
- IN Groupe has become a key player in secure documents and online identity
- Some 60 million secure documents are produced every year in its plants for French authorities, companies and some thirty government partners
- Docaposte (sales €826 million) is a subsidiary of the French Post Office,
La Poste's digital subsidiary (Colisio) is now focusing on the healthcare sector. - 22/01/2023
- La Poste Group's digital subsidiary announces acquisition of Maincare, specialist in digital solutions for hospitals
- sales of €80 million, 1,000 customers, 650 employees including 300 in R&D
- 80% of French hospitals are customers
- 30% market share
- La Poste becomes a major player in electronic signatures
- 7.000 employees in the Docapost group
Guillaume Poupard is the new General Manager of Docaposte. - 13/12/2022
- A new start for the company that had become one of France's leading figures in cybersecurity
- Docaposte: 6,500 employees and sales of 750 million euros by 2021
- Currently generates 5% of its revenues abroad
- Publisher of the Digiposte digital safe
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