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Market Research Report

Procure-to-Pay Convergence: Market Review and Vendor Comparison

Published by Mercator Advisory Group, Inc. Product code 695451
Published Content info 30 Pages, 17 Exhibits
Delivery time: 1-2 business days
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Procure-to-Pay Convergence: Market Review and Vendor Comparison
Published: September 6, 2018 Content info: 30 Pages, 17 Exhibits
Description

Digital technologies are providing tighter, more seamless connections in the corporate cash cycle.

Mercator Advisory Group reports continued convergence of the technologies supporting corporate cash cycle management toward a seamless procure-to-pay experience.

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:

Highlights of the report include:

  • 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
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