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Global Procure-to-Pay Suites Market Expected to Witness a Sustainable Growth over 2024– Top Key players like– Top Key players like SAP Ariba,Coupa,Oracle,Inc.
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Procure-to-pay is a term used in the software industry to designate a specific subdivision of the procurement process. The procure-to-pay systems enable the integration of the purchasing department with the accounts payable (AP) department. Some of the largest players of the software industry agree on a common definition of procure-to-pay, linking the procurement process and financial department. The steps usually included are: Supply management; Cart or requisition; Purchase order; Receiving; Invoice reconciliation; Accounts payable.
On the basis of type, the Procure-to-Pay Suites market is segmented into Cloud-based and SaaS Based. The Cloud-based segment is expected to account for the larger share of the global market in 2018.
Over the past two decades the procurement process has undergone significant change, transitioning from a paper-based order process to a strategic business function. The tools of procurement have also changed, reflecting the larger acceptance of technology and computerization in B2B relations overall. Beginning with the development of e-purchasing and catalog management, e-procurement tools have matured with integration of e-invoicing and invoice automation, creating whole procure-to-pay (P2P) suites.
According to this study, over the next five years the Procure-to-Pay Suites market will register a 8.7% CAGR in terms of revenue, the global market size will reach US$ 2170 million by 2024, from US$ 1430 million in 2019. In particular, this report presents the global revenue market share of key companies in Procure-to-Pay Suites business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
SAP Ariba
Coupa
Oracle
Basware
JAGGAER
GEP
Zycus
BirchStreet Systems
Proactis
Infor
SynerTrade
Comarch
Ivalua
Xeeva
Wax Digital
Market Segment by Type, covers
SMEs
Large Enterprises
Market Segment by Applications, can be divided into
Cosumer Goods & Retails
Travel & Hospitality
BFSI
Other
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Related Information:
North America Procure-to-Pay Suites Market Growth 2019-2024
United States Procure-to-Pay Suites Market Growth 2019-2024
Asia-Pacific Procure-to-Pay Suites Market Growth 2019-2024
Europe Procure-to-Pay Suites Market Growth 2019-2024
EMEA Procure-to-Pay Suites Market Growth 2019-2024
Global Procure-to-Pay Suites Market Growth 2019-2024
China Procure-to-Pay Suites Market Growth 2019-2024
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