Press release
Procure To Pay Solutions Market Update Know Whose Market Share Is Getting Bigger And Bigger: Zycus, Arvato, SAP
Procure To Pay Solutions Market
Key Players in This Report Include: Zycus (United States), Arvato (Germany), GEP (United States), SAP (Germany), Ivalua Inc. (United States), Coupa Software Inc (United States), Tata Consultancy Services Limited. (India), Infosys (India), Bertelsmann SE & Co.(Germany), ProActis (United Kingdom)
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Definition:
The global Procure To Pay Solutions market is expected to witness high demand in the forecasted period due to increasing demand for Procure To Pay Solutions in various end-user industries. A procure-to-pay system is also known as a purchase-to-pay system. It's a completely integrated solution that supports an end-to-end procedure that starts with requisitioning products and services and concludes with ready-to-play files for upload into an accounts payable system. Procurement, which includes Catalog, Requisition, and Purchase Order Management, Invoicing, which includes Invoice Receiving, Document Matching, Approval Workflow, Inventory Management, which includes Inventory Levels, Track Cycle Counts, Manage Asset Allocation, Dynamic Discounting, and Others, are some of the functions of the Procure To Pay Solutions.
Market Trends:
Upsurging Demand for Spend Analysis and Data-Driven Sourcing
High Adoption due to Increasing Need to minimize Total Expenditure Enterprise Infrastructure
Market Drivers:
The Growing use of the Cloud-Based Unified Solutions of the Procure Pay
Rising Demand from Various End User Industries
Market Opportunities:
Introduction of Artificial Intelligence in Procure-To-Pay Solutions
Growing Demand from the Developing Countries
Market Leaders & Development Strategies:
In June 2022, SAP acquired Taulia, a provider of cloud-based P2P solutions for the midmarket. The acquisition is expected to help SAP expand its P2P solutions portfolio and reach new customers in the midmarket. In March 2022, SS&C Technologies, a financial services technology company, has completed its acquisition of Blue Prism, a leading robotics process automation (RPA) company. The acquisition was valued at $1.6 billion (£1.25 billion).
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The Global Procure To Pay Solutions Market segments and Market Data Break Down are illuminated below:
Procure To Pay Solutions Market is Segmented by Deployment Mode (Cloud Based, On-Premise) by Organization Size (Large Enterprise, Small and Medium Enterprise) by Industry Vertical (BFSI, Healthcare, Oil & Gas, Telecommunication, Retail, Automotive, Others) by Functions (Procurement, Invoicing, Inventory Management, Dynamic Discounting, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
Global Procure To Pay Solutions market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
• -To carefully analyze and forecast the size of the Procure To Pay Solutions market by value and volume.
• -To estimate the market shares of major segments of the Procure To Pay Solutions
• -To showcase the development of the Procure To Pay Solutions market in different parts of the world.
• -To analyze and study micro-markets in terms of their contributions to the Procure To Pay Solutions market, their prospects, and individual growth trends.
• -To offer precise and useful details about factors affecting the growth of the Procure To Pay Solutions
• -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Procure To Pay Solutions market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Major highlights from Table of Contents:
Procure To Pay Solutions Market Study Coverage:
• It includes major manufacturers, emerging player's growth story, and major business segments of Procure To Pay Solutions market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
• Procure To Pay Solutions Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• Procure To Pay Solutions Market Production by Region Procure To Pay Solutions Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in Procure To Pay Solutions Market Report:
• Procure To Pay Solutions Overview, Definition and Classification Market drivers and barriers
• Procure To Pay Solutions Market Competition by Manufacturers
• Impact Analysis of COVID-19 on Procure To Pay Solutions Market
• Procure To Pay Solutions Capacity, Production, Revenue (Value) by Region (2023-2030)
• Procure To Pay Solutions Supply (Production), Consumption, Export, Import by Region (2023-2030)
• Procure To Pay Solutions Production, Revenue (Value), Price Trend by Type {Cloud Based, On-Premise}
• Procure To Pay Solutions Manufacturers Profiles/Analysis Procure To Pay Solutions Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered
• How feasible is Procure To Pay Solutions market for long-term investment?
• What are influencing factors driving the demand for Procure To Pay Solutions near future?
• What is the impact analysis of various factors in the Global Procure To Pay Solutions market growth?
• What are the recent trends in the regional market and how successful they are?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 (434) 322-0091
sales@htfmarketreport.com
About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to enable businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.
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