Albany, NY -- (SBWire) -- 07/02/2018 --This report studies the global SaaS-Based Expense Management market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global SaaS-Based Expense Management market by companies, region, type and end-use industry.
SaaS-based expense management includes the deployment of expense management systems as a web-based subscription service. This system helps in controlling and monitoring expense reports, thereby streamlining the business process and preventing fraud and human error. It also increases visibility across the entire reimbursement claim process, reducing travel costs and improving the efficiency of enterprises.
The SaaS-based system is operated by a third-party organization as opposed to the installation and maintenance of an on-site business system. SaaS-based expense management has succeeded in changing the procurement of expense management systems from a capital expenditure to a pay-per-use subscription arrangement.
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In recent years, SAP acquired Ariba and Concur become the undisputed no.1 player, IBM is constantly strengthening cooperation with SAP, Oracle acquired NetSuite, K1 Investment Management combined Certify, Nexonia, ExpenseWatch and Tallie to create the largest independent company, consider other small companies, it's easy to forecast, the competition will be more intense
North America will remain the largest market.
China ---- the world's second largest economy will remain a high growth:
I. Local companies is smaller, its difficult to meet the requirements of large enterprises. some player can only supply standard version.
II.Affected by the traditional concept, most leaders of small and medium companies do not want to use management software, but now they began to realize the importance of software, and be willing to spend money.
III.With the development of China's economy, travel costs continue to increase, the market has been expanding.
In 2017, the global SaaS-Based Expense Management market size was 1890 million US$ and it is expected to reach 3470 million US$ by the end of 2025, with a CAGR of 7.9% during 2018-2025.
This report focuses on the global top players, covered
- Concur Technologies
- SAP Ariba
- IBM
- Infor
- Oracle
- Apptricity
- SumTotal Systems
- Insperity
- SuitSoft
- Certify
- Expensify
- Abacus
- Nexonia
- Unit4
- Zoho Expense
- Xpenditure
- AccountSight
- NetSuite
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Key Stakeholders
- SaaS-Based Expense Management Manufacturers
- SaaS-Based Expense Management Distributors/Traders/Wholesalers
- SaaS-Based Expense Management Subcomponent Manufacturers
- Industry Association
- Downstream Vendors
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Global SaaS-Based Expense Management Market Forecast 2018-2025 : Concur Technologies, SAP Ariba, IBM, Infor, Oracle