Accounts Payables and Spend Software Market

Accounts payables (AP) and spend analysis software tracks corporate spend and AP to identify trends, risks, and optimization opportunities. This type of software consolidates information from multiple sources or entities on procurement spending and payables. AP and spend analysis software provides companies with visibility into payables and procurement information such as reconciled external data against internal transaction data, which enables managers to reduce unnecessary spending and recover supplier payments. This software sometimes uses artificial intelligence (AI) technology to identify errors in AP processes such as duplicate payments, anomalies, and fraud, as well as assist in recovering overpayments, duplicate payments, or unused credits from suppliers. This type of software is used by procurement professionals and by AP departments to track and report on supplier and contract compliance.
Accounts Payables and Spend Software Market contains market size and forecasts of Accounts Payables (AP) and Spend Analysis Software in Global, including the following market information:
Global Accounts Payables (AP) and Spend Analysis Software Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Accounts Payables (AP) and Spend Analysis Software market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cloud Based Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Accounts Payables (AP) and Spend Analysis Software include AppZen, SpendHQ, SAP, Glantus, Coupa, PRM360, Precoro, Finly and Sievo, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Accounts Payables (AP) and Spend Analysis Software companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Accounts Payables (AP) and Spend Analysis Software Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Accounts Payables (AP) and Spend Analysis Software Market Segment Percentages, by Type, 2021 (%)
Cloud Based
On-premises
Global Accounts Payables (AP) and Spend Analysis Software Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Accounts Payables (AP) and Spend Analysis Software Market Segment Percentages, by Application, 2021 (%)
SMEs
Large Enterprises
Global Accounts Payables (AP) and Spend Analysis Software Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Accounts Payables (AP) and Spend Analysis Software Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Accounts Payables (AP) and Spend Analysis Software revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Accounts Payables (AP) and Spend Analysis Software revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
AppZen
SpendHQ
SAP
Glantus
Coupa
PRM360
Precoro
Finly
Sievo
DataServ
GEP
Ivalua
Procol
Simfoni
VendorLink