Market Snapshot:
Accounts Payable (AP) software used for to reduce the number of delayed payments and improve the compliance rate with controlled United Stateser access and credentials leading to reduced fraudulent transactions. Spend analysis is a systematic process of identifying cleansing and segment spend on suppliers with the aim of calculating the spend areas that have the biggest impact on profitability. Spend analysis software is used for cleansing, grouping, validates, classifies and reports spend data from all source systems to provide accurate, actionable information, with granular, item-level visibility across the enterprise. Increasing the use of Accounts Payable (AP) & Spend Analysis Software in End user industries is expected to boost the growth of market in forecast period.
Market Drivers
- Increasing frauds in AP payments and rising demand for risk management software
Market Trend
- Developments of Apps Based Solutions
Restraints
- Lack of Awareness About Spend analysis
The Accounts Payable (AP) & Spend Analysis Software market framework should serve as a basic structure to support the strategic decision-making process for Players. For instance, the question of whether a Players wants to expand in other areas of the market value chain would fundamentally determines its strategy.
What is the current setup of the Accounts Payable (AP) & Spend Analysis Software Industry, and what is its growth trajectory through 2027?
Trends that might impact the resulting strategic moves of the Players
How can Players take advantage of the changing market dynamics and capture new opportunities lying in Accounts Payable (AP) & Spend Analysis Software market?
The key Players profiled in the report are IBM Corporation (United States), Oracle Corporation (United States), Coupa Software Inc. (United States), Zycunited States Inc. (United States), Proactis (United Kingdom), Empronc Solutions Pvt. Ltd. (India), Jaggaer (United States), Rosslyn Analytics, Ltd. (United Kingdom), Ivalua Inc. (United States) and Bravosolution Spa (United States). Additionally, other players that are part of this comprehensive study are Sap Se (Germany) and Sas Institute, Inc. (United States).
Frequently Asked Questions (FAQ):
1. What is the growth rate predicted for the Global Accounts Payable (AP) & Spend Analysis Software Market?The Accounts Payable (AP) & Spend Analysis Software market is expected to see a CAGR of
% during projected year 2021 to 2027.
2. Who are the top performing companies in Accounts Payable (AP) & Spend Analysis Software Market?
Top performing companies in the Global Accounts Payable (AP) & Spend Analysis Software market are IBM Corporation (United States), Oracle Corporation (United States), Coupa Software Inc. (United States), Zycunited States Inc. (United States), Proactis (United Kingdom), Empronc Solutions Pvt. Ltd. (India), Jaggaer (United States), Rosslyn Analytics, Ltd. (United Kingdom), Ivalua Inc. (United States) and Bravosolution Spa (United States), to name a few.