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Mn by 2027 from US$ 1,241.7 from 2020 to 2027’ according to a report by Industry Today. Better Visibility and Transparency. Electronic invoicing uniquely improves visibility into invoices, purchase orders, supporting documentation, and contracts. Mn in 2019; One can expect it to grow at a CAGR of 17.1%
A CMP creates a single pane of glass (SPOG) that provides enterprise-wide visibility into multiple sources of information and data. According to a Gartner report (link resides outside ibm.com), worldwide end-user spending on public cloud spending is forecasted to total $679 billion and is projected to exceed $1 trillion in 2027.
According to procurement consultants Comprara, it is estimated that by 2027, more than $348 billion will be lost globally due to fraud. It is currently on the rise and is forecast to continue on that trajectory for the foreseeable future. It must also be standardized, ensuring that overarching corporate requirements are always adhered to.
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