Pagero named a Leader in the 2024 IDC MarketScape: European Compliant e-Invoicing
Rhea-AI Summary
Pagero, a Thomson Reuters company providing e-invoicing and compliance solutions, has been named a Leader in the 2024 IDC MarketScape: European Compliant e-Invoicing Vendor Assessment. This recognition highlights Pagero's position as a trusted partner for companies seeking comprehensive e-invoicing solutions across Europe and globally.
The IDC MarketScape report emphasizes Pagero's extensive network, connecting over 14 million businesses and linking to more than 100 networks, hubs, and government platforms. It also notes Pagero's active involvement in key organizations like the OECD, PEPPOL, GENA, and the EU's Taxation and Customs Union.
Gustav Dahllöf, Chief Product Officer at Pagero, states that this recognition solidifies their position as a worldwide e-invoicing compliance leader and highlights the growing importance of this sector for multinational companies.
Positive
- Named a Leader in the 2024 IDC MarketScape: European Compliant e-Invoicing Vendor Assessment
- Extensive network connecting over 14 million businesses and 100+ networks, hubs, and government platforms
- Active involvement in key industry organizations (OECD, PEPPOL, GENA, EU's Taxation and Customs Union)
- Strong connections to industry bodies and regulators
- In-house team of regulatory experts
Negative
- None.
News Market Reaction – TRI
In the trading session that priced this news, TRI gained 0.19%, reflecting a mild positive market reaction.
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"We're honored to be recognized by the IDC MarketScape as a Leader in European Compliant e-Invoicing. While we believe it further solidifies our position as a leader in worldwide e-invoicing compliance, I also believe that IDC's creation of this category shows the growing importance of this sector in general and the increasing need for multinationals to consolidate their vendor selection strategy," says Gustav Dahllöf, Chief Product Officer at Pagero.
The IDC MarketScape report writes:
"With access to more than 14 million businesses and connectivity to over 100 other networks, hubs, and government platforms, the wide reach of the Pagero Network offers considerable potential for customers regarding compliance connectivity."
The report also points to Pagero's long-standing involvement in the compliance space, as an active member of organizations like the Organisation for Economic Co-operation and Development (OECD), Pan-European Public Procurement On-Line (PEPPOL), Global Exchange Network Association (GENA) and the European Union's Taxation and Customs Union.
"Pagero's strong connections to industry bodies and regulators, along with its team of in-house regulatory experts, bolster its knowledge and understanding of e-invoicing regulations and mandates as they arise, putting the vendor in a very strong position in the customer's mind."
A condensed version of the report can be found on Pagero's website.
About Pagero
Pagero provides a Smart Business Network that connects buyers and sellers for automated, compliant and secure exchange of orders, invoices, payment instructions and other business documents. With an open network and a wide range of value-added apps, Pagero helps businesses streamline their order-to-cash and purchase-to-pay processes while unlocking the full potential of accurate and reliable business data. All of this, regardless of location, industry, size or systems. Find out more on pagero.com.
About Thomson Reuters
Thomson Reuters (TSX/NYSE: TRI) ("TR") informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth, and transparency. Reuters, part of Thomson Reuters, is a world leading provider of trusted journalism and news. For more information, visit tr.com.
About IDC MarketScape
The IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service 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. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
Contact
Oscar Wegland
Chief Marketing Officer, Pagero
oscar.wegland@pagero.com
Notes to editor
- Pagero was acquired by Thomson Reuters, a global content and technology company, in February 2024. Read more: press release.
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SOURCE Thomson Reuters