![]() The versatility and flexibility of PDF have made it the de facto official file format for businesses to share documents and collaborate. And we can safely assume that most accounts payable (AP) teams are scanning paper invoices as they process those PDFs. In a 2018 survey, Levvel found that 36% of invoices are submitted in paper format, which means 352 billion invoices are received electronically 1, primarily in portable document format (PDF). ![]() The e-Invoicing Journey 2019-2025, Billentis We estimate that the size of the global e-invoicing and enablement market in 2019 amounts to EUR 4.3 billion, and that it will reach approximately EUR 18 billion in 2025. ![]() In 2019, only around 55 billion invoices are exchanged on a paperless basis. Globally, businesses produce a staggering number of invoices: a 2019 Billentis report on the state of e-invoicing puts the current total at 550 billion invoices per year and is expected to quadruple by 2035. ![]()
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