Procure-to-Pay Solutions is used for performing several functionalities of the enterprise such as enterprise resource planning (ERP), and customer relationship management (CRM). It also helps to manage banking financials, shipments data, and multiple supplier statements to payments and goods received.
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Procure to Pay Solutions Market: Drivers and Challenges
Cloud based unified procure pay solutions are turning to be the major factor responsible for significant growth of Procure-to-Pay Solutions market. Procure-to-Pay Solutions vendors offers spend categorization and planning capabilities in order to facilitate better planning and strategic sourcing capabilities by offering managed services. Data- driven sourcing and better spend analysis are another major factors that are driving the growth of Procure-to-Pay Solutions market in positive manner. Moreover, it also offers strategic sourcing saving for minimizing total expenditure enterprise infrastructure.
Compliance with contract, policies and regulations are the major restraints faced by the vendors dealing in Procure-to-Pay Solutions market.
Procure to Pay Solutions Market: Key Players
Some of the key players of Procure-to-Pay Solutions market are: SAP SE, Zycus Inc., Infosys Limited, Bertelsmann SE & Co., Comarch SA, Ariba Inc., ProActis, and GEP.
Procure to Pay Solutions Market: Regional Overview
On the basis of geography, Procure-to-Pay Solutions market can be segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. Among various regions, Procure-to-Pay Solutions market in North America is expected to dominate during the forecast period owing tolarge adoption of Procure-to-Pay Solutions by BFSI industries. North America region is expected to be followed by Western Europe and APAC.
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In Europe and Asia pacific region, the market of Procure-to-Pay Solutions is growing significantly owing to moderate adoption of Procure-to-Pay Solutions by small and medium enterprises for effectively managing overall enterprise operations.
The report covers exhaustive analysis on:
- Procure-to-Pay Solutions Market Segments
- Procure-to-Pay Solutions Market Dynamics
- Historical Actual Market Size, 2012 – 2016
- Procure-to-Pay Solutions Market Size & Forecast 2017 To 2027
- Supply & Demand Value Chain
- Procure-to-Pay Solutions Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Procure-to-Pay Solutions Value Chain
- Procure-to-Pay Solutions Market Drivers and Restraints
Regional analysis for Procure to Pay Solutions Market includes
- Procure-to-Pay Solutions Market by North America
- US & Canada
- Procure-to-Pay Solutions Market by Latin America
- Brazil, Argentina & Others
- Procure-to-Pay Solutions Market by Western Europe
- Procure-to-Pay Solutions Market by Eastern Europe
- Rest of Eastern Europe
- Procure-to-Pay Solutions Market by Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Procure-to-Pay Solutions Market by Japan
- Procure-to-Pay Solutions Market by the Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Some of the enterprises are adopting managed services while implementing procure to pay solutions
Segmentation of procure to pay solutions on the basis of deployment:
Segmentation of procure to pay solutions on the basis of Enterprise:
- Large Enterprise
Segmentation of procure to pay solutions on the basis of End-use Industry:
- Oil & Gas
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- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth Polishing / Lapping Film market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.