Scope of the Study
An Invoice management software helps the companies to automate tasks related to invoice processing. The invoices received by accounting departments typically go through an approval process, after which their information is matched with sales and purchase orders, as well as payments. Also, the Invoice management software streamlines the workflow by scanning invoices, reading and pulling data into the system, and transferring payments electronically. The solutions of invoice management offer a mobile application for remote viewing and approval. The invoice management software often allows manual data entry for invoices in addition to automatic data capture.
The market study is being classified and major geographies with country level break-up.
SAP (Germany), Microsoft (United States), Stampli (United States), Bill.com (California), Spendesk (France), Beanworks AP Automation (Canada), AvidXchange (United States), Armatic (United States), Chrome River technologies (United States) and Coupa Invoicing (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are DocuSend (United States) and PaperSave (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Automated Invoice Management Software market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Automated Invoice Management Software market by Type, Application and Region.
On the basis of geography, the market of Automated Invoice Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Effectiveness and Efficiency is Fuelling the Market
- Features Such as Invoice Generation and Invoice Processing
- Introduction of New Technologies in the Automated Invoice Management Software
- High Costs Associated with The Installation and Development of Software
- Increasing Adoption of Invoice Management Software in Large Enterprises
- Presence of Major as Well as Emerging Players are Increasing the Competition
Market Leaders and their expansionary development strategies
On November 2018, SAP has acquired Contextor which is an independent software vendor, pioneer in robotic process automation & robotic desktop automation
Key Target AudienceAutomated invoice management software developers, Government associations, Research organisations, software vendors and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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