IDC MarketScape: Worldwide Accounts Payable Automation Software for Small Businesses 2024 Vendor Assessment

SAP Named a Leader in AP Automation for Small Business

This IDC MarketScape report evaluates accounts payable automation software for small businesses worldwide. SAP has been recognized as a Leader in the report thanks to its capabilities and comprehensive ecosystem.

Unlike larger organizations, small and medium-sized businesses (SMBs) often lack a dedicated accounts payable (AP) department. Instead, the responsibility typically falls on a small team or even the business owner. This can create unique challenges, particularly for rapidly growing companies, underscoring the need for effective AP management to ensure smooth cash flow and maintain strong supplier relationships.

Solutions like Concur Invoice empower SMBs to enhance efficiency and gain better financial control by digitizing end-to-end processes, improving spend visibility for effective cash flow management, and allowing AP processes to be accessed from anywhere.

“SAP Concur enables customers to manage both employee-initiated and business-initiated spending within a single system. SAP Concur has made significant investments recently to bolster the overall platform to make it both more user-friendly and more robust than previous editions which bodes well for SAP Concur and its users.” – Kevin Permenter, Research Director, Financial Applications, IDC

Download the IDC MarketScape excerpt to discover why SAP is a Leader in accounts payable automation for small businesses.

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