Procure-to-Pay Convergence: Market Review and Vendor Comparison
- Date:September 06, 2018
- Steve Murphy
- Research Topic(s):
- PAID CONTENT
In a new research report, Procure-to-Pay Convergence: Market Review and Vendor Comparison, Mercator Advisory Group examines the trend toward a tighter, more seamless connection between the elements of the corporate cash cycle and evaluates leading vendors offering solutions to accomplish this digital vision.
A growing convergence of systems that support digitization of the cash cycle digitization for companies is occurring as vendors adapt to modern capabilities and increasingly seek to deliver a better experience for the corporate end user. There are myriad back- and front-office systems available to improve financial operations, but in this report Mercator provides an overview of the procure-to-pay landscape and comparison of six vendors that are pursuing the vision of a more complete experience in this market space.
“It is sobering to realize that the modern digital capabilities for supporting business cycle processes began appearing only about 20 years ago. This report is designed to help members understand (and at a high level, evaluate) the systems and selected vendors that provide solutions in the ‘procure-to-pay’ sequence,” commented Steve Murphy, Director of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service, author of the report. “We include the processes and systems supporting procurement, invoicing, payment, and open account financing. The vendors evaluated in the report have a vision to deliver these services and are at various stages of execution.”
The document is 30 pages long and contains 17 exhibits.
Companies mentioned in this report include: AvidXchange, Basware, Corcentric, Ivalua, SAP Ariba, and Tradeshift.
One of the exhibits included in this report:
- A detailed review of the systemic and process elements that form the procure-to-pay delivery sequence
- A framework for high-level scoring of the key system elements for cash cycle digitization
- A features and functions quick reference chart for comparing vendors
- Vendor profiles and Mercator scoring assessment against the framework
- Case summaries of various product implementations
Interested In This Report
B2B E-Commerce in the U.S. Market
The next generation of buyers is likely drawn from Millennials and/or Generation Z. Younger generations expect digital experiences in their buying journey that are reminiscent of b...
Supply Chain Finance: As Important as Ever
Review the need for supply chain finance options in the post-pandemic global economy, which remains uneven with continuing supply chain disruption. Understand the issues facing sup...
Fintech Trends in Corporate Banking
This impact note reviews the developments and trending movement of fintech as it relates to the corporate transaction banking space, which in effect is regarded as business-to-busi...