Europe Accounts Payable Automation Market Size, Share & Industry Trends Analysis Report By Component (Solution and Services), By Deployment Mode (On-Premise and Cloud), By Organization Size, By Vertical, By Country and Growth Forecast, 2022

List of Tables

The Europe Accounts Payable Automation Market would witness market growth of 10.6% CAGR during the forecast period (2022-2028).

The expenditure account for the product or service paid for with credit often receives the debit offset for this transaction. If the item bought was a capitalizable asset, the debit might also be made to an asset account. The accountant debits the account payable once the bill is paid to reduce liability. The cash account is given the offset credit, which reduces the cash balance.

Managing a business's monetary responsibilities to its creditors and suppliers is done via the accounts payable procedure. The accounts payable process has four major processes from beginning to end. Generally, invoice capture manually enters invoice data into a system of records, including vendor information, line items, amounts, and GL code. Risks related to accuracy and human error exist in this.

Approval of invoices entails reviewing and approving supplier invoices. To get the required permissions, an AP team member would often physically walk the paper invoice around the office. This occurs before a cost is entered into the ERP and a payment is sent. After an invoice is prepared for payment, the business must get authorization before sending the money. This information comprises the due date, the manner of payment, and the payment amount.

The market for accounts payable automation in Europe is expanding quickly due to cloud services, ML, and AL. Corporations are releasing new software to capture a larger market share. Also, forward-thinking, digitally savvy institutions are already debating API strategy 2.0. API strategy 2.0 scales with consistency and uniformity from 10-100 public APIs to 1000s of bundle-ready building blocks (reusable business and IT capabilities described as APIs and Services). Large banks are also expanding this portfolio of APIs and services to maximize the use of hard-to-find talent, expand the usage of APIs and services within digital teams, and reveal existing capabilities. One of the key factors driving market growth in the Europe region is the need for restricted user access to decrease payment fraud.

The Germany market dominated the Europe Accounts Payable Automation Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $345.2 million by 2028. The UK market is anticipated to grow at a CAGR of 9.7% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 11.5% during (2022 - 2028).

Based on Component, the market is segmented into Solution and Services. Based on Deployment Mode, the market is segmented into On-Premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Government, Manufacturing, Healthcare & Lifesciences, Consumer Goods & Retail and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, Fidelity National Information Services, Inc., The Sage Group PLC, Comarch SA, Tipalti, Inc., Bottomline Technologies, Inc., AvidXchange Holdings, Inc., Procurify Technologies, Inc., FinancialForce.com, Inc. and Zycus, Inc.

Scope of the Study

Market Segments covered in the Report:

By Component

Solution
Services

By Deployment Mode

On-Premise
Cloud

By Organization Size

Large Enterprises
SMEs

By Vertical

BFSI
IT & Telecom
Government
Manufacturing
Healthcare & Lifesciences
Consumer Goods & Retail
Others

By Country

Germany
UK
France
Russia
Spain
Italy
Rest of Europe

Companies Profiled

SAP SE
Fidelity National Information Services, Inc.
The Sage Group PLC
Comarch SA
Tipalti, Inc.
Bottomline Technologies, Inc.
AvidXchange Holdings, Inc.
Procurify Technologies, Inc.
FinancialForce.com, Inc.
Zycus, Inc.

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Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 Europe Accounts Payable Automation Market, by Component
- 1.4.2 Europe Accounts Payable Automation Market, by Deployment Mode
- 1.4.3 Europe Accounts Payable Automation Market, by Organization Size
- 1.4.4 Europe Accounts Payable Automation Market, by Vertical
- 1.4.5 Europe Accounts Payable Automation Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview

2.1 Introduction
- 2.1.1 Overview
  - 2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global

3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)

Chapter 4. Europe Accounts Payable Automation Market by Component

4.1 Europe Solution Market by Country
4.2 Europe Services Market by Country

Chapter 5. Europe Accounts Payable Automation Market by Deployment Mode

5.1 Europe On-Premise Market by Country
5.2 Europe Cloud Market by Country

Chapter 6. Europe Accounts Payable Automation Market by Organization Size

6.1 Europe Large Enterprises Market by Country
6.2 Europe SMEs Market by Country

Chapter 7. Europe Accounts Payable Automation Market by Vertical

7.1 Europe BFSI Market by Country
7.2 Europe IT & Telecom Market by Country
7.3 Europe Government Market by Country
7.4 Europe Manufacturing Market by Country
7.5 Europe Healthcare & Lifesciences Market by Country
7.6 Europe Consumer Goods & Retail Market by Country
7.7 Europe Others Market by Country

Chapter 8. Europe Accounts Payable Automation Market by Country

8.1 Germany Accounts Payable Automation Market
- 8.1.1 Germany Accounts Payable Automation Market by Component
- 8.1.2 Germany Accounts Payable Automation Market by Deployment Mode
- 8.1.3 Germany Accounts Payable Automation Market by Organization Size
- 8.1.4 Germany Accounts Payable Automation Market by Vertical
8.2 UK Accounts Payable Automation Market
- 8.2.1 UK Accounts Payable Automation Market by Component
- 8.2.2 UK Accounts Payable Automation Market by Deployment Mode
- 8.2.3 UK Accounts Payable Automation Market by Organization Size
- 8.2.4 UK Accounts Payable Automation Market by Vertical
8.3 France Accounts Payable Automation Market
- 8.3.1 France Accounts Payable Automation Market by Component
- 8.3.2 France Accounts Payable Automation Market by Deployment Mode
- 8.3.3 France Accounts Payable Automation Market by Organization Size
- 8.3.4 France Accounts Payable Automation Market by Vertical
8.4 Russia Accounts Payable Automation Market
- 8.4.1 Russia Accounts Payable Automation Market by Component
- 8.4.2 Russia Accounts Payable Automation Market by Deployment Mode
- 8.4.3 Russia Accounts Payable Automation Market by Organization Size
- 8.4.4 Russia Accounts Payable Automation Market by Vertical
8.5 Spain Accounts Payable Automation Market
- 8.5.1 Spain Accounts Payable Automation Market by Component
- 8.5.2 Spain Accounts Payable Automation Market by Deployment Mode
- 8.5.3 Spain Accounts Payable Automation Market by Organization Size
- 8.5.4 Spain Accounts Payable Automation Market by Vertical
8.6 Italy Accounts Payable Automation Market
- 8.6.1 Italy Accounts Payable Automation Market by Component
- 8.6.2 Italy Accounts Payable Automation Market by Deployment Mode
- 8.6.3 Italy Accounts Payable Automation Market by Organization Size
- 8.6.4 Italy Accounts Payable Automation Market by Vertical
8.7 Rest of Europe Accounts Payable Automation Market
- 8.7.1 Rest of Europe Accounts Payable Automation Market by Component
- 8.7.2 Rest of Europe Accounts Payable Automation Market by Deployment Mode
- 8.7.3 Rest of Europe Accounts Payable Automation Market by Organization Size
- 8.7.4 Rest of Europe Accounts Payable Automation Market by Vertical

Chapter 9. Company Profiles

9.1 SAP SE
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
  - 9.1.5.1 Partnerships, Collaborations, and Agreements:
  - 9.1.5.2 Acquisition and Mergers:
- 9.1.6 SWOT Analysis
9.2 Fidelity National Information Services, Inc.
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Recent strategies and developments:
  - 9.2.4.1 Partnerships, Collaborations, and Agreements:
  - 9.2.4.2 Acquisition and Mergers:
9.3 The Sage Group plc
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expenses
9.4 Comarch SA
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Regional Analysis
- 9.4.4 Research & Development Expense
9.5 Tipalti, Inc.
- 9.5.1 Company Overview
- 9.5.2 Recent strategies and developments:
  - 9.5.2.1 Partnerships, Collaborations, and Agreements:
  - 9.5.2.2 Product Launches and Product Expansions:
  - 9.5.2.3 Acquisition and Mergers:
9.6 Bottomline Technologies, Inc.
- 9.6.1 Company Overview
- 9.6.2 Recent strategies and developments:
  - 9.6.2.1 Product Launches and Product Expansions:
  - 9.6.2.2 Acquisition and Mergers:
9.7 AvidXchange Holdings, Inc.
- 9.7.1 Company Overview
- 9.7.2 Recent strategies and developments:
  - 9.7.2.1 Partnerships, Collaborations, and Agreements:
  - 9.7.2.2 Product Launches and Product Expansions:
9.8 Procurify Technologies, Inc.
- 9.8.1 Company Overview
9.9 FinancialForce.com, Inc.
- 9.9.1 Company Overview
9.10. Zycus, Inc.
- 9.10.1 Company Overview

LIST OF TABLES

TABLE 1 Europe Accounts Payable Automation Market, 2018 - 2021, USD Million
TABLE 2 Europe Accounts Payable Automation Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements- Accounts Payable Automation Market
TABLE 4 Product Launches And Product Expansions- Accounts Payable Automation Market
TABLE 5 Acquisition and Mergers- Accounts Payable Automation Market
TABLE 6 Europe Accounts Payable Automation Market by Component, 2018 - 2021, USD Million
TABLE 7 Europe Accounts Payable Automation Market by Component, 2022 - 2028, USD Million
TABLE 8 Europe Solution Market by Country, 2018 - 2021, USD Million
TABLE 9 Europe Solution Market by Country, 2022 - 2028, USD Million
TABLE 10 Europe Services Market by Country, 2018 - 2021, USD Million
TABLE 11 Europe Services Market by Country, 2022 - 2028, USD Million
TABLE 12 Europe Accounts Payable Automation Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 13 Europe Accounts Payable Automation Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 14 Europe On-Premise Market by Country, 2018 - 2021, USD Million
TABLE 15 Europe On-Premise Market by Country, 2022 - 2028, USD Million
TABLE 16 Europe Cloud Market by Country, 2018 - 2021, USD Million
TABLE 17 Europe Cloud Market by Country, 2022 - 2028, USD Million
TABLE 18 Europe Accounts Payable Automation Market by Organization Size, 2018 - 2021, USD Million
TABLE 19 Europe Accounts Payable Automation Market by Organization Size, 2022 - 2028, USD Million
TABLE 20 Europe Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 21 Europe Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 22 Europe SMEs Market by Country, 2018 - 2021, USD Million
TABLE 23 Europe SMEs Market by Country, 2022 - 2028, USD Million
TABLE 24 Europe Accounts Payable Automation Market by Vertical, 2018 - 2021, USD Million
TABLE 25 Europe Accounts Payable Automation Market by Vertical, 2022 - 2028, USD Million
TABLE 26 Europe BFSI Market by Country, 2018 - 2021, USD Million
TABLE 27 Europe BFSI Market by Country, 2022 - 2028, USD Million
TABLE 28 Europe IT & Telecom Market by Country, 2018 - 2021, USD Million
TABLE 29 Europe IT & Telecom Market by Country, 2022 - 2028, USD Million
TABLE 30 Europe Government Market by Country, 2018 - 2021, USD Million
TABLE 31 Europe Government Market by Country, 2022 - 2028, USD Million
TABLE 32 Europe Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 33 Europe Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 34 Europe Healthcare & Lifesciences Market by Country, 2018 - 2021, USD Million
TABLE 35 Europe Healthcare & Lifesciences Market by Country, 2022 - 2028, USD Million
TABLE 36 Europe Consumer Goods & Retail Market by Country, 2018 - 2021, USD Million
TABLE 37 Europe Consumer Goods & Retail Market by Country, 2022 - 2028, USD Million
TABLE 38 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 39 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 40 Europe Accounts Payable Automation Market by Country, 2018 - 2021, USD Million
TABLE 41 Europe Accounts Payable Automation Market by Country, 2022 - 2028, USD Million
TABLE 42 Germany Accounts Payable Automation Market, 2018 - 2021, USD Million
TABLE 43 Germany Accounts Payable Automation Market, 2022 - 2028, USD Million
TABLE 44 Germany Accounts Payable Automation Market by Component, 2018 - 2021, USD Million
TABLE 45 Germany Accounts Payable Automation Market by Component, 2022 - 2028, USD Million
TABLE 46 Germany Accounts Payable Automation Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 47 Germany Accounts Payable Automation Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 48 Germany Accounts Payable Automation Market by Organization Size, 2018 - 2021, USD Million
TABLE 49 Germany Accounts Payable Automation Market by Organization Size, 2022 - 2028, USD Million
TABLE 50 Germany Accounts Payable Automation Market by Vertical, 2018 - 2021, USD Million
TABLE 51 Germany Accounts Payable Automation Market by Vertical, 2022 - 2028, USD Million
TABLE 52 UK Accounts Payable Automation Market, 2018 - 2021, USD Million
TABLE 53 UK Accounts Payable Automation Market, 2022 - 2028, USD Million
TABLE 54 UK Accounts Payable Automation Market by Component, 2018 - 2021, USD Million
TABLE 55 UK Accounts Payable Automation Market by Component, 2022 - 2028, USD Million
TABLE 56 UK Accounts Payable Automation Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 57 UK Accounts Payable Automation Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 58 UK Accounts Payable Automation Market by Organization Size, 2018 - 2021, USD Million
TABLE 59 UK Accounts Payable Automation Market by Organization Size, 2022 - 2028, USD Million
TABLE 60 UK Accounts Payable Automation Market by Vertical, 2018 - 2021, USD Million
TABLE 61 UK Accounts Payable Automation Market by Vertical, 2022 - 2028, USD Million
TABLE 62 France Accounts Payable Automation Market, 2018 - 2021, USD Million
TABLE 63 France Accounts Payable Automation Market, 2022 - 2028, USD Million
TABLE 64 France Accounts Payable Automation Market by Component, 2018 - 2021, USD Million
TABLE 65 France Accounts Payable Automation Market by Component, 2022 - 2028, USD Million
TABLE 66 France Accounts Payable Automation Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 67 France Accounts Payable Automation Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 68 France Accounts Payable Automation Market by Organization Size, 2018 - 2021, USD Million
TABLE 69 France Accounts Payable Automation Market by Organization Size, 2022 - 2028, USD Million
TABLE 70 France Accounts Payable Automation Market by Vertical, 2018 - 2021, USD Million
TABLE 71 France Accounts Payable Automation Market by Vertical, 2022 - 2028, USD Million
TABLE 72 Russia Accounts Payable Automation Market, 2018 - 2021, USD Million
TABLE 73 Russia Accounts Payable Automation Market, 2022 - 2028, USD Million
TABLE 74 Russia Accounts Payable Automation Market by Component, 2018 - 2021, USD Million
TABLE 75 Russia Accounts Payable Automation Market by Component, 2022 - 2028, USD Million
TABLE 76 Russia Accounts Payable Automation Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 77 Russia Accounts Payable Automation Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 78 Russia Accounts Payable Automation Market by Organization Size, 2018 - 2021, USD Million
TABLE 79 Russia Accounts Payable Automation Market by Organization Size, 2022 - 2028, USD Million
TABLE 80 Russia Accounts Payable Automation Market by Vertical, 2018 - 2021, USD Million
TABLE 81 Russia Accounts Payable Automation Market by Vertical, 2022 - 2028, USD Million
TABLE 82 Spain Accounts Payable Automation Market, 2018 - 2021, USD Million
TABLE 83 Spain Accounts Payable Automation Market, 2022 - 2028, USD Million
TABLE 84 Spain Accounts Payable Automation Market by Component, 2018 - 2021, USD Million
TABLE 85 Spain Accounts Payable Automation Market by Component, 2022 - 2028, USD Million
TABLE 86 Spain Accounts Payable Automation Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 87 Spain Accounts Payable Automation Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 88 Spain Accounts Payable Automation Market by Organization Size, 2018 - 2021, USD Million
TABLE 89 Spain Accounts Payable Automation Market by Organization Size, 2022 - 2028, USD Million
TABLE 90 Spain Accounts Payable Automation Market by Vertical, 2018 - 2021, USD Million
TABLE 91 Spain Accounts Payable Automation Market by Vertical, 2022 - 2028, USD Million
TABLE 92 Italy Accounts Payable Automation Market, 2018 - 2021, USD Million
TABLE 93 Italy Accounts Payable Automation Market, 2022 - 2028, USD Million
TABLE 94 Italy Accounts Payable Automation Market by Component, 2018 - 2021, USD Million
TABLE 95 Italy Accounts Payable Automation Market by Component, 2022 - 2028, USD Million
TABLE 96 Italy Accounts Payable Automation Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 97 Italy Accounts Payable Automation Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 98 Italy Accounts Payable Automation Market by Organization Size, 2018 - 2021, USD Million
TABLE 99 Italy Accounts Payable Automation Market by Organization Size, 2022 - 2028, USD Million
TABLE 100 Italy Accounts Payable Automation Market by Vertical, 2018 - 2021, USD Million
TABLE 101 Italy Accounts Payable Automation Market by Vertical, 2022 - 2028, USD Million
TABLE 102 Rest of Europe Accounts Payable Automation Market, 2018 - 2021, USD Million
TABLE 103 Rest of Europe Accounts Payable Automation Market, 2022 - 2028, USD Million
TABLE 104 Rest of Europe Accounts Payable Automation Market by Component, 2018 - 2021, USD Million
TABLE 105 Rest of Europe Accounts Payable Automation Market by Component, 2022 - 2028, USD Million
TABLE 106 Rest of Europe Accounts Payable Automation Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 107 Rest of Europe Accounts Payable Automation Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 108 Rest of Europe Accounts Payable Automation Market by Organization Size, 2018 - 2021, USD Million
TABLE 109 Rest of Europe Accounts Payable Automation Market by Organization Size, 2022 - 2028, USD Million
TABLE 110 Rest of Europe Accounts Payable Automation Market by Vertical, 2018 - 2021, USD Million
TABLE 111 Rest of Europe Accounts Payable Automation Market by Vertical, 2022 - 2028, USD Million
TABLE 112 Key Information - SAP SE
TABLE 113 Key Information - Fidelity National Information Services, Inc.
TABLE 114 Key Information - The Sage Group plc
TABLE 115 key Information - Comarch SA
TABLE 116 Key Information - Tipalti, Inc.
TABLE 117 Key Information - Bottomline Technologies, Inc.
TABLE 118 Key Information - AvidXchange Holdings, Inc.
TABLE 119 Key Information - Procurify Technologies, Inc.
TABLE 120 Key Information - FinancialForce.com, Inc.
TABLE 121 Key Information - Zycus, Inc.

List of Figures

FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 SWOT Analysis: SAP SE
FIG 5 Recent strategies and developments: Fidelity National Information Services, Inc.
FIG 6 Recent strategies and developments: Tipalti, Inc.
FIG 7 Recent strategies and developments: Bottomline Technologies, Inc.

Europe Accounts Payable Automation Market Size, Share & Industry Trends Analysis Report By Component (Solution and Services), By Deployment Mode (On-Premise and Cloud), By Organization Size, By Vertical, By Country and Growth Forecast, 2022 - 2028

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