Saturday, August 30, 2025
  • About Web3Wire
  • Web3Wire NFTs
  • .w3w TLD
  • $W3W Token
  • Web3Wire DAO
  • Media Network
  • RSS Feed
  • Contact Us
Web3Wire
No Result
View All Result
  • Home
  • Web3
    • Latest
    • AI
    • Business
    • Blockchain
    • Cryptocurrencies
    • Decentralized Finance
    • Metaverse
    • Non-Fungible Token
    • Press Release
  • Technology
    • Consumer Tech
    • Digital Fashion
    • Editor’s Choice
    • Guides
    • Stories
  • Coins
    • Top 10 Coins
    • Top 50 Coins
    • Top 100 Coins
    • All Coins
  • Exchanges
    • Top 10 Crypto Exchanges
    • Top 50 Crypto Exchanges
    • Top 100 Crypto Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks
  • Events
  • News
    • Latest Crypto News
    • Latest DeFi News
    • Latest Web3 News
  • Home
  • Web3
    • Latest
    • AI
    • Business
    • Blockchain
    • Cryptocurrencies
    • Decentralized Finance
    • Metaverse
    • Non-Fungible Token
    • Press Release
  • Technology
    • Consumer Tech
    • Digital Fashion
    • Editor’s Choice
    • Guides
    • Stories
  • Coins
    • Top 10 Coins
    • Top 50 Coins
    • Top 100 Coins
    • All Coins
  • Exchanges
    • Top 10 Crypto Exchanges
    • Top 50 Crypto Exchanges
    • Top 100 Crypto Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks
  • Events
  • News
    • Latest Crypto News
    • Latest DeFi News
    • Latest Web3 News
No Result
View All Result
Web3Wire
No Result
View All Result
Home Business

E-Invoicing Could Unlock Over ₹30,000 crores for the Indian Economy, Save Firms ₹1.09 crores annually: Avalara Finds

June 23, 2025
in Business, PRNewswire, Web3
Reading Time: 6 mins read
5
SHARES
243
VIEWS
Share on TwitterShare on LinkedInShare on Facebook
  • New global research from Avalara and Cebr analyzes electronic invoicing adoption in India and across five other major markets
  • Research shows India leads the world in e-invoicing adoption, but depth and integration gaps persist, especially among MSMEs and SMBs
  • Deeper e-invoicing integration could drive significant cost savings and operational efficiencies

PUNE, India, June 23, 2025 /PRNewswire/ — Avalara Inc., a leader in modern tax compliance automation, has released a landmark global report in partnership with the Center for Economics and Business Research (Cebr) quantifying the economic impact of electronic invoicing (e-invoicing) adoption.

Avalara

According to the study, full scale adoption of e-invoicing in India could unlock approximately ₹32,035.71 crores in annual economic value and save the average Indian business approximately ₹1.09 crores each year driven by productivity gains, reduced fraud, and faster payments.

The report spans six major economies including India, Australia, the United States, the United Kingdom, Germany, and France. The findings reveal that India leads globally in e-invoicing adoption and market penetration, with over 80% of invoices received and 70% issued electronically, outpacing the global averages of 71.5% and 68.2% respectively. However, it also highlights the need to deepen integration, especially for Micro, Small, and Medium Enterprises (MSMEs), and smaller businesses.

“India has emerged as a global leader in both speed of e-invoicing adoption and e-invoicing penetration in various segments of the economy, but we’re only scratching the surface of what this technology can deliver,” said Anil Paranjape, General Manager, India Operations, Avalara. “Our research with Cebr proves that the faster we help businesses transition to electronic invoicing, the more we can do to unlock billions in productivity and day-to-day efficiencies. While compliance has improved, broader B2B integration and MSME and SMB inclusion are now critical to realize the full ₹32,035.71 crores opportunity. E-invoicing must evolve beyond being a tax compliance requirement into a strategic business enabler.”

The average Indian business adopting e-invoicing processes 3,827 invoices per week, one of the highest globally, leading to annual productivity savings of over ₹1.09 crores. While many of the early benefits of e-invoicing adoption have been absorbed through government mandates under GST—now applicable to businesses with turnover above ₹5 crores—India still recorded the highest global satisfaction rate, with 68% of businesses satisfied and 50% extremely satisfied with e-invoicing’s performance.

Despite high adoption, challenges still persist as 64% of Indian businesses use e-invoicing solely for tax reporting, not for exchanging invoices with partners which leads to limiting systemic impact. Small businesses continue to lag, with just 37% of their invoices electronic, compared to 72% for larger firms. Barriers such as system integration and staff training were cited by 43% of global respondents.

Globally, e-invoicing offers major economic upside: the report identifies a combined ₹53,33,513.43 crores opportunity across the six markets studied. On average across all six markets, e-invoicing shortens payment cycles by 1.4 days, cuts fraud and tax fines by around 30%, and saves 39 minutes per invoice processed.

The report also highlights India’s high exposure to tax fines and fraud, signaling an opportunity for more robust use of digital invoicing tools. Indian firms reported the highest average annual losses among all surveyed markets, with ₹35.76 lakhs lost to tax fines and ₹24.59 lakhs to invoice-related fraud.

India’s digital invoicing journey is part of a larger international shift. As of January 2025, all German businesses must be capable of receiving e-invoices, and 41% of French firms are already preparing for a similar 2026 mandate. Although there are no national laws yet in the U.S. or UK, more than half of businesses in both countries say they support e-invoicing legislation.

As more countries make strides towards e-invoicing compliance, India can continue to lead with further adoption and systemic changes to unlock the full economic impact of e-invoicing value. The international exchange of e-invoices amongst the biggest companies in international commerce will present more opportunities and India should continue to lead on this front.

To find out more, visit: https://www.avalara.com/us/en/products/e-invoicing.html

Methodology
The study surveyed 1,720 businesses across six major markets (U.S., UK, France, Germany, India, and Australia), analyzing the productivity, financial, and compliance impacts of full e-invoicing adoption. Economic modelling, conducted by Cebr, focused on two main elements: to exclusively target B2B companies with at least 10 employees; and to quantify the impacts of e-invoicing at an individual invoice, per-business and ultimately economy-wide level, with all monetary figures converted and presented consistently in USD ($).

About Avalara
Avalara makes tax compliance faster, easier, and more accurate, reliable, and valuable for 43,000+ business and government customers in over 75 countries. Tax compliance automation software solutions from Avalara leverage 1,400+ signed partner integrations across leading ecommerce, ERP, and other billing systems to power tax calculations, document management, tax return filing, and tax content access. Visit avalara.com to improve your compliance journey.

Logo – https://web3wire.org/wp-content/uploads/2025/06/Avalara_Logo.jpg

View original content:https://www.prnewswire.com/in/news-releases/e-invoicing-could-unlock-over-30-000-crores-for-the-indian-economy-save-firms-1-09-crores-annually-avalara-finds-302487983.html

About Web3Wire
Web3Wire – Information, news, press releases, events and research articles about Web3, Metaverse, Blockchain, Artificial Intelligence, Cryptocurrencies, Decentralized Finance, NFTs and Gaming.
Visit Web3Wire for Web3 News and Events, Block3Wire for the latest Blockchain news and Meta3Wire to stay updated with Metaverse News.

ShareTweet1ShareSendShare2
Previous Post

Intellipaat launches India’s First DevSecOps Program with Generative & Agentic AI

Next Post

Flimp Launches Embeddable Employee Benefits AI Agent for Answering Employees’ HR and Benefits Questions

Related Posts

ITUC’s New Report Spotlights Prison Slavery in the United States

A System Hidden in Plain SightThe United States is home to less than 5% of the world's population - yet it holds nearly 25% of the world's prison population. With over 1.2 million people currently serving time in state and federal prisons, the U.S. correctional system has long been criticized...

Read moreDetails

Cryonics Technology Market is in Huge Demand | Cryotherm, KrioRus, VWR

Cryonics Technology market According to HTF Market Intelligence, the Global Cryonics Technology market to witness a CAGR of 11.80% during the forecast period (2025-2030). The Latest Released Cryonics Technology Market Research assesses the future growth potential of the Cryonics Technology market and provides information and useful statistics on market structure...

Read moreDetails

Zoo Software Market to See Huge Growth by 2030: Species Conservation Toolkit Initiative

Zoo Software market According to HTF Market Intelligence, the Global Zoo Software market to witness a CAGR of 7.5% during the forecast period (2025-2030). The Latest Released Zoo Software Market Research assesses the future growth potential of the Zoo Software market and provides information and useful statistics on market structure...

Read moreDetails

AI-Powered Toothbrush Market to Get a New Boost | Oral-B, Philips Sonicare, Colgate, Smart Oral Care

AI-Powered Toothbrush Market HTF MI just released the Global AI-Powered Toothbrush Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the...

Read moreDetails

Non-Fungible Token (NFT) Market is Going to Boom | Major Giants SandBox, Decentraland

Non-Fungible Token (NFT) market According to HTF Market Intelligence, the Global Non-Fungible Token (NFT) market to witness a CAGR of 35% during the forecast period (2025-2030). The Latest Released Non-Fungible Token (NFT) Market Research assesses the future growth potential of the Non-Fungible Token (NFT) market and provides information and useful...

Read moreDetails

IT Spending in Energy Market Dazzling Worldwide | Major Giants Infosys, IBM, Hitachi

IT Spending in Energy market According to HTF Market Intelligence, the Global IT Spending in Energy market to witness a CAGR of 5.66% during the forecast period (2025-2030). The Latest Released IT Spending in Energy Market Research assesses the future growth potential of the IT Spending in Energy market and...

Read moreDetails

Vending Management System Market SWOT Analysis by Leading Key Players: DFS Diamon, Metrodent

Vending Management System market According to HTF Market Intelligence, the Global Vending Management System market to witness a CAGR of 5.90% during the forecast period (2025-2030). The Latest Released Vending Management System Market Research assesses the future growth potential of the Vending Management System market and provides information and useful...

Read moreDetails

Interim Report January – June 2025

Interim Report January – June 2025 Second Quarter 2025 (compared to second quarter 2024) Net sales for the quarter amounted to MSEK 4 (6) Gross margin for the quarter increased to 53% (38%) Operating loss amounted to MSEK -21 (-16) Earnings per share before and after dilution increased to SEK...

Read moreDetails

reAlpha to Present at the 27th Annual H.C. Wainwright Global Investment Conference in New York

DUBLIN, Ohio, Aug. 29, 2025 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. (Nasdaq: AIRE) (“reAlpha” or the “Company”), an AI-powered real estate technology company, today announced that Chief Executive Officer Mike Logozzo and Chief Financial Officer Piyush Phadke will present at the H.C. Wainwright 27th Annual Global Investment Conference, taking place...

Read moreDetails

DIH Holding US, Inc. Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q

NORWELL, Mass., Aug. 29, 2025 (GLOBE NEWSWIRE) -- DIH Holding US, Inc. (“DIH” or the “Company”) (NASDAQ:DHAI) received a notice on August 26, 2025, from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”), which stated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1)...

Read moreDetails
Web3Wire NFTs - The Web3 Collective

Web3Wire, $W3W Token and .w3w tld Whitepaper

Web3Wire, $W3W Token and .w3w tld Whitepaper

Claim your space in Web3 with .w3w Domain!

Web3Wire

Trending on Web3Wire

  • Top 5 Wallets for Seamless Multi-Chain Trading in 2025

    50 shares
    Share 20 Tweet 13
  • Unifying Blockchain Ecosystems: 2024 Guide to Cross-Chain Interoperability

    97 shares
    Share 39 Tweet 24
  • Top Cross-Chain DeFi Solutions to Watch by 2025

    54 shares
    Share 22 Tweet 14
  • Discover 2025’s Top 5 Promising Low-Cap Crypto Gems

    71 shares
    Share 28 Tweet 18
  • Alibaba Launches Qoder: An Agentic Coding Platform for Real Software

    5 shares
    Share 2 Tweet 1
Join our Web3Wire Community!

Our newsletters are only twice a month, reaching around 10000+ Blockchain Companies, 800 Web3 VCs, 600 Blockchain Journalists and Media Houses.


* We wont pass your details on to anyone else and we hate spam as much as you do. By clicking the signup button you agree to our Terms of Use and Privacy Policy.

Web3Wire Podcasts

Upcoming Events

Web 3.0 and AI Summit 2025

2025-09-11
Frankfurt
Summit

Latest on Web3Wire

  • Nextech3D.ai Announced Its Financial and Operating Results for the Three Months Ended June 30, 2025 (“Q1 2026”)
  • Best Bulletproof Domain Registrars – General Overview
  • How to Sell My Waste Management Company: Expert Guide Released for Recycling Businesses
  • ITUC’s New Report Spotlights Prison Slavery in the United States
  • Cryonics Technology Market is in Huge Demand | Cryotherm, KrioRus, VWR

RSS Latest on Block3Wire

  • Covo Finance: Revolutionary Crypto Leverage Trading Platform
  • WorldStrides and HEX Announce Partnership to Offer High School and University Students Innovative Courses Designed to Improve Their Outlook in the Digital Age
  • Cathedra Bitcoin Announces Leasing of 2.5-MW Bitcoin Mining Facility
  • Global Web3 Payments Leader, Banxa, Announces Integration With Metis to Usher In Next Wave of Cryptocurrency Users
  • Dexalot Launches First Hybrid DeFi Subnet on Avalanche

RSS Latest on Meta3Wire

  • Thumbtack Honored as a 2023 Transform Awards Winner
  • Accenture Invests in Looking Glass to Accelerate Shift from 2D to 3D
  • MetatronAI.com Unveils Revolutionary AI-Chat Features and Interface Upgrades
  • Purely.website – Disruptive new platform combats rising web hosting costs
  • WEMADE and Metagravity Sign Strategic Alliance MOU to Collaborate on Blockchain Games for the Metaverse
Web3Wire

Web3Wire is your go-to source for the latest insights and updates in Web3, Metaverse, Blockchain, AI, Cryptocurrencies, DeFi, NFTs, and Gaming. We provide comprehensive coverage through news, press releases, event updates, and research articles, keeping you informed about the rapidly evolving digital world.

  • About Web3Wire
  • Web3Wire NFTs – The Web3 Collective
  • .w3w TLD
  • $W3W Token
  • Web3Wire DAO
  • Event Partners
  • Community Partners
  • Our Media Network
  • Media Kit
  • RSS Feeds
  • Contact Us

Whitepaper | Tokenomics

Crypto Coins

  • Top 10 Coins
  • Top 50 Coins
  • Top 100 Coins
  • All Coins – Marketcap
  • Crypto Coins Heatmap

Crypto Exchanges

  • Top 10 Exchanges
  • Top 50 Exchanges
  • Top 100 Exchanges
  • All Crypto Exchanges

Crypto Stocks

  • Blockchain Stocks
  • NFT Stocks
  • Metaverse Stocks
  • Artificial Intelligence Stocks

Media Portfolio: Block3Wire | Meta3Wire

Web3 Resources

  • Top Web3 and Crypto Youtube Channels
  • Latest Crypto News
  • Latest DeFi News
  • Latest Web3 News

Blockchain Resources

  • Blockchain and Web3 Resources
  • Decentralized Finance (DeFi) – Research Reports
  • All Crypto Whitepapers

Metaverse Resources

  • AR VR and Metaverse Resources
  • Metaverse Courses
Claim your space in Web3 with .w3w!
Top 50 Web3 Blogs and Websites
Web3Wire Podcast on Spotify Web3Wire Podcast on Amazon Music 
Web3Wire - Web3 and Blockchain - News, Events and Press Releases | Product Hunt
Web3Wire on Google News
  • Privacy Policy
  • Terms of Use
  • Disclaimer
  • Sitemap
  • For Search Engines
  • Crypto Sitemap
  • Exchanges Sitemap

© 2024 Web3Wire. We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Coins
    • Top 10 Cryptocurrencies
    • Top 50 Cryptocurrencies
    • Top 100 Cryptocurrencies
    • All Coins
  • Exchanges
    • Top 10 Cryptocurrency Exchanges
    • Top 50 Cryptocurrency Exchanges
    • Top 100 Cryptocurrency Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks

© 2024 Web3Wire. We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.