IBISWorld Platform
Answer any industry question in minutes with our entire database at your fingertips.
Invoicing Software in the US Procurement Price, Data and Insights
Invoicing software automates the creation, delivery, tracking, and management of customer invoices, streamlining the order-to-cash cycle and enhancing billing accuracy. The software supports various functions, including invoice generation, payment processing, reminders, dispute management, and reporting. Vendors may offer invoicing tools as standalone products or embed them within broader platforms such as accounting systems, ERP suites, customer relationship management (CRM) systems, or accounts receivable (AR) automation solutions. Buyers include small and midsize businesses, professional services firms, e-commerce sellers, subscription-based companies, contractors, and larger enterprises seeking to centralize or digitize billing workflows.
Access this data your way
The Invoicing Software Procurement Price, Data and Insights is available in multiple formats to fit seamlessly into your workflow.
API Data Delivery
Feed trusted, human-driven industry intelligence straight into your platform.
Integrations
Streamline your workflow with IBISWorld’s intelligence built into your toolkit.
What’s included in this market coverage
IBISWorld's research coverage on the Invoicing Software procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Invoicing Software market in the United States includes Invoicing Software, Payment Processing, Cloud-Based Invoicing Software and On-Premise Invoicing Software. Standard coding in this coverage includes ISIC-5820-Software publishing, NACE-58.29-Other Software Publishing, NAICS-513210-Software Publishers and UNSPSC-43231607-Billing and invoicing software.
What common market terminology is included?
Common market terminology included in the Invoicing Software procurement coverage includes Recurring Billing (A feature that automatically generates and sends invoices at regular intervals for subscription-based or ongoing services.), Payment Reconciliation (The process of matching incoming payments with corresponding invoices to ensure accurate financial records and outstanding balance tracking.), Accounts Receivable (A/R) (The money owed to an organization by customers for invoices issued but not yet paid; invoicing software typically helps track and manage these balances.), Aging Report (A report categorizing outstanding invoices by the length of time they have remained unpaid, typically used to monitor overdue payments.), SaaS (Software as a Service) (A cloud-based delivery model where users access invoicing software through a subscription rather than purchasing a perpetual license.) and Perpetual License (A one-time software purchase that grants the buyer permanent access to the invoicing software, typically installed on-premise or on the buyer's server.).
What companies are included as top suppliers?
The top companies covered in the Invoicing Software procurement report as suppliers are Wave Financial Inc., Zoho Corporation Pvt. Ltd., Sage Group Plc, Sap Se and International Business Machines Corporation.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Invoicing Software market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per user per month, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Invoicing Software market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Invoicing Software procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Invoicing Software market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Invoicing Software market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
Trusted by industry professionals
More than 6,000 businesses use IBISWorld to shape local and global economies
We were able to supplement our reports with IBISWorld’s information from both a qualitative and quantitative standpoint. All of our reporting now features some level of IBISWorld integration.
IBISWorld delivers the crisp business knowledge we need to drive our business. Whether it be serving up our major clients, winning new business or educating on industry issues, IBISWorld brings real value.
IBISWorld has revolutionised business information — which has proved commercially invaluable to exporters, investors and public policy professionals in Australia and overseas.
When you’re able to speak to clients and be knowledgeable about what they do and the state that they operate in, they’re going to trust you a lot more.
Frequently Asked Questions
What is the current market price for Invoicing Software?
The 2026 benchmark market price for Invoicing Software is $17.67 per user per month. Prices have increased at a CAGR of 1.76 from 2023-26.
Who are the top vendors in the Invoicing Software market?
The top vendors in the Invoicing Software market include Wave Financial Inc., Zoho Corporation Pvt. Ltd., Sage Group Plc, Sap Se and International Business Machines Corporation.
What industries supply the Invoicing Software market?
The top industries supplying the Invoicing Software market are Computer & Packaged Software Wholesaling in the US, Computer Manufacturing in the US, IT Consulting in the US, Colleges & Universities in the US, Software Publishing in the US and Intellectual Property Licensing in the US.
What is the supply chain risk for Invoicing Software?
High market concentration increases incumbent leverage despite strong vendor stability. The invoicing software market is highly concentrated, with a limited number of established SaaS providers controlling significant market share across both the small-business and enterprise segments. Vendor risk is low due to stable recurring revenue models, strong customer retention, and mature cloud delivery platforms. However, this concentration strengthens supplier negotiating power and reduces pricing pressure. Buyers should regularly benchmark vendors, negotiate long-term pricing protections, and avoid excessive reliance on a single software ecosystem.
What factors affect the price of Invoicing Software?
The range and sophistication of features such as recurring billing, automated reminders, multi-currency support, payment gateway integration, and analytics directly impact software pricing. Solutions with more advanced or specialized features typically command higher fees, while basic invoicing tools with minimal functionality are priced lower.
Cut through the noise with intelligence you can trust
