Predicting the future of business spend, faster

Coupa + MIT Data Science Lab move beyond sentiment

Learn More

Ask Cassie View Demo Contact Us

CoupaResourcesIDC MarketScape: European Compliant e-Invoicing 2024 Vendor Assessment

Analyst Report

IDC MarketScape: European Compliant e-Invoicing 2024 Vendor Assessment

In the inaugural IDC MarketScape: European Compliant e-Invoicing 2024 Vendor Assessment, Coupa has been named a Leader. We believe this recognition underscores Coupa’s ability to drive invoicing transformation with its AI-driven invoicing solution and always-on, always up-to-date compliance-as-a-service. Analysts noted Coupa’s array of connectors and network of more than 10 million buyers and suppliers as standout strengths.

IDC Marketscape: European Compliant e-invoicing 2024 Vendor Assessment

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons.

“e-Invoicing is more than a matter of compliance — it's about driving greater efficiency and innovation for future growth. As the market continues to evolve, organizations will have to be proactive in understanding regulatory changes, their impact on operations, and the merits of different vendors in this space to ensure they have the right solutions in the right markets at the right time.”
-- Charles Aladesuru, Research Manager, IDC European Enterprise Applications

FAQ

How can I use the report?

The IDC MarketScape: European Compliant e-Invoicing 2024 Vendor Assessment highlights the transformative shift in the European e-invoicing market, driven by mandatory e-invoicing and e-reporting requirements. It emphasizes the critical role of choosing the right vendors for businesses to navigate this evolving landscape effectively. The report evaluates various vendors based on their capabilities and strategies to meet complex compliance demands, offering insights into the competitive landscape and advising technology buyers on early preparation and strategic alignment with business goals.

How are vendors selected for participation in this report?

Vendors that are most representative of the European e-invoicing market are evaluated as part of this study. Vendors must:

Demonstrate their software can support compliant electronic invoicing in 10 or more European countries where B2B and/or business-to-government (B2G) e-invoices are mandated.
Develop the software solution in-house or acquire it through M&A (solutions provided by way of partnerships are excluded).
Make the software solution available as a standalone product.
Have revenue of at least $10 million in 2023 and at least 100 employees.

What criteria was used to evaluate the solution providers?

IDC Marketscape divided potential key measures for success into two primary categories: capabilities and strategies. The report evaluates the vendor’s current capabilities and menu of services and how well aligned the vendor is to customer needs while also taking the vendor’s future strategy into account.