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 the systems and selected vendors that provide solutions in the ‘procure-to-pay’ sequence.
BOSTON (PRWEB) September 12, 2018
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.”
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
The document is 30 pages long and contains 17 exhibits.
Companies mentioned in this report include: AvidXchange, Basware, Corcentric, Ivalua, SAP Ariba, and Tradeshift.
Members of Mercator Advisory Group's Commercial and Enterprise Payments Advisory Service as well as Global Payments Advisory Service have access to this report as well as upcoming research for the year ahead, presentations, analyst access, and other membership benefits.
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About Mercator Advisory Group
Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.