Report

IDC MarketScape 2024
European Compliant E-Invoicing Vendor Assessment

Sovos has been recognized as a Leader in the 2024 IDC MarketScape for European Compliant e-Invoicing solutions.

Gain deep insights into the rapidly changing landscape of e-invoicing in Europe and see how Sovos can help your business navigate the complexities of compliance.

The European e-invoicing landscape is undergoing a transformative shift as new regulations reshape how businesses manage VAT compliance and reporting. As more countries implement mandatory e-invoicing requirements, staying ahead of these regulatory changes is essential for businesses operating across borders.

The 2024 IDC MarketScape report provides a detailed analysis of the key e-invoicing trends that will define the future of compliance in Europe, including:

  • Diverse B2B E-Invoicing Mandates Across Europe 
    Discover how the EU’s VAT in the Digital Age (VIDA) initiative is reshaping VAT compliance, enforcing real-time reporting, and helping combat VAT fraud. 
  • Expansion Beyond Traditional Use Cases 
    Learn how e-invoicing is evolving into a powerful tool for governments to gather real-time data on industry operations and influence national economic metrics, like GDP. 
  • E-Invoicing as a Driver for Process Automation 
    See how businesses are leveraging e-invoicing to streamline financial workflows, automate processes, and improve accuracy, unlocking significant efficiencies beyond compliance. 

Additionally, dive into the critical technological advancements shaping the future of e-invoicing systems, including the shift toward system consolidation and the growing role of artificial intelligence (AI).  

Get the MarketScape report

Why Sovos?

As a Leader in the 2024 IDC MarketScape for European Compliant E-Invoicing Solutions, Sovos is the trusted partner for both multinational enterprises and SMBs when it comes to managing invoicing compliance and tax reporting. Sovos’ powerful S1 cloud platform offers a fully scalable solution designed to streamline the entire invoicing process — from automating accounts payable workflows to improving cash flow management through real-time tracking of invoice data and invoice status.