Boston, MA – June 25, 2014 – Companies have worked to transform their paper checks to commercial card and ACH payments, but electronic invoicing has lagged behind. This, however, has not deterred solution providers from pairing electronic invoice and payment products so they can offer a fuller spectrum of automation tools along the order-to-pay process.
Mercator Advisory Group's newest report, Order-to-Pay Solutions: Industry Partnerships Likely to Boost Adoption, examines what keeps companies from achieving fuller AR and AP electronification as well as how key industry partnerships can accelerate automation.
“To the extent that solution providers can sell and implement both electronic invoicing and payment solutions at companies, they can expect to keep those customers for a very long time,” comments Amy Hoke, Director of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service and author of the report. “It is with that hope that key partnerships between industry-leading electronic invoice and payment giants have been formed—such as Visa/SAP, Ariba/Discover Bank, and MasterCard/Basware—which are likely to buoy adoption of full-featured order-to-pay solutions.”
This report is 17 pages long and contains 6 exhibits.
Companies mentioned in this report include Ariba, Basware, Discover Bank, Esker, MasterCard, SAP, and Visa.
Members of Mercator Advisory Group's Commercial and Enterprise Payments Advisory Service have access to this report as well as the upcoming research for the year ahead, presentations, analyst access and other membership benefits.
One of the exhibits included in this report:
Highlights of the report include:
- Order-to-pay overview
- Solution types
- Benefits and barriers to full process automation
- Description of the three new partnerships
- Adoption prospects
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