North American Account Payable Automation Market Size, Share, Impressive Industry Growth, Report 2027
The North American Account Payable
Automation market is anticipated to grow at a CAGR of 9.6% during the forecast
period (2021-2027). The factors driving the growth of the North American
Account Payable Automation market include the increasing adoption of automated
invoicing systems and the significant presence of several key players in the
account payable Automation market. These players are making a considerable
contribution to the high market share of the region by adopting several growth
strategies such as new initiatives, mergers & acquisitions, partnerships,
and collaboration among others.
A full report of North American Account Payable
Automation Market is available at: https://www.omrglobal.com/industry-reports/north-american-account-payable-automation-market
For instance, in September 2020,
AvidXchange had introduced its new Boost your Business Program to support the
companies through quick and efficient account payable automation. This program
will support the companies in transforming invoicing along with payment through
the electronic way that will save around $10,000 in less than 45 days.
In January 2021, one of the providers of
accounts payable (AP) and payment automation solutions companies named as
AvidXchange had done the acquisition of Core Associates that is involved in
making of the TimberScan along with complementary AP solutions. Through this
acquisition, the company will provide full purchase-to-pay solution AP
automation for the construction industry that includes contractors, commercial
developers, and property managers supporting them in reducing the manual
account payable.
To
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Market
Coverage
·
The market number available for – 2020-2027
·
Base year- 2020
·
Forecast period- 2021-2027
·
Segment Covered-
o
By Organization Size
o
By Deployment Type
o
By Vertical
·
Competitive Landscape- Bottomline Technologies,
Inc., Coupa Software Inc., FIS Group, Fleetcor Technologies, Inc., SAP Ariba
Key
questions addressed by the report
·
What is the market growth rate?
·
Which segment and region dominate the market in
the base year?
·
Which segment and region will project the
fastest growth in the market?
·
How COVID-19 impacted the market?
o
Deviation from the pre-COVID-19 forecast
o
Most affected region and segment
·
Who is the leader in the market?
·
How are players addressing challenges to sustain
growth?
·
Where is the investment opportunity?
North
American Account Payable Automation Market
By
Organization Size
·
Large Enterprises
·
Small and Medium-Sized Enterprises (SMEs)
By
Deployment Type
·
On-Premises
·
Cloud
By
Vertical
·
Banking, Financial Services, and Insurance
(BFSI)
·
Consumer Goods and Retail
·
Information Technology (IT) and Telecom
·
Healthcare
·
Other
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customization @ https://www.omrglobal.com/report-customization/north-american-account-payable-automation-market
North
American Account Payable Automation Market Report Segment by Region
·
US
·
Canada
Company Profiles
·
AvidXchange, Inc.
·
Bill.com, LLC
·
Bottomline
Technologies, Inc.
·
Comarch SA.
·
Coupa Software Inc.
·
FinancialForce
·
FIS Group
·
Fleetcor
Technologies, Inc.
·
FreshBooks USA,
Inc.
·
Lexmark
International, Inc.
·
Medius Sverige AB
·
MHC Automation, LLC
·
MineralTree, Inc.
·
Procurify
Technologies, Inc.
·
Quadient (Neopost
SA)
·
SAP Ariba
·
Tipalti, Inc.
·
Zycus, Inc.
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