Emburse highlighted as a Leader for global enterprise AP solutions and as a Major Player for mid-market AP solutions
LOS ANGELES and PORTLAND, MAINE – DECEMBER 17, 2020: Emburse, a global leader in expense management and accounts payable automation solutions, announces that it has been recognized as a Leader in the MarketScape for Worldwide SaaS and Cloud-enabled Enterprise Accounts Payable Automation Software 2020-2021 Vendor Assessment (doc #US47032520 Dec 2020). Additionally, Emburse has been named a Major Player in the IDC MarketScape for Worldwide SaaS and Cloud-enabled Midmarket Accounts Payable Automation Software 2020-2021 Vendor Assessment (doc #US47032620, Dec 2020).
- Emburse was positioned as a Leader in SaaS and Cloud-Enabled Enterprise Accounts Payable Automation Software for large enterprise deployments, based on a thorough review of the solution’s technology capabilities, product features, and professional services. IDC analysts also spoke with a number of Emburse Chrome River customers as part of the assessment process. The IDC MarketScape noted that Chrome River Invoice “can serve companies operating in very complex environments,” and that its functionality “is suitable for multi-national organizations, multi-entity, multiple general ledgers, and multi-language companies.”
- Emburse was recognized as a Major Player in the Midmarket Accounts Payable Automation Software Assessment. Certify AP was noted for its “dynamic approach to scalability with resources available based on transaction volumes,” and its “deep reporting functionality, including a complete analytics suite.”
“We expect considerable growth in the accounts payable automation market as more and more organizations implement digital transformation initiatives across their finance departments,” said Kevin Permenter, research manager at IDC. “Emburse’s Chrome River product is well known within the travel and expense market and Emburse was recognized as a Leader in the 2019 IDC MarketScape: Worldwide SaaS and Cloud-Enabled Enterprise Travel and Expense Management Applications. Now that its Invoice solution has similarly been positioned as a Leader in this year’s IDC MarketScape for Accounts Payable Automation, we believe that large or international firms with complex expense and AP management requirements should certainly consider the solution.”
“The pandemic has accelerated the need for accounts payable automation as an essential capability for organizations of all sizes. Organizations face severe challenges in their ability to manually process invoices in a timely manner. In addition, accurate and timely spend visibility has become critical for effective cash flow management, and this is only possible with accounts payable automation,” said Eric Friedrichsen, CEO of Emburse. “In Chrome River Invoice and Certify AP, Emburse provides a flexible suite of solutions for organizations ranging from SMBs through to global multi-nationals. Our customers have appreciated our solutions’ features, dynamic workflows and scalability for many years, so we are proud to be recognized by a highly-respected source like the IDC MarketScape.”
An excerpt of the IDC MarketScape for Worldwide SaaS and Cloud-enabled Enterprise Accounts Payable Automation Software 2020-2021 Vendor Assessment [doc #US47032520, December 2020] can be downloaded here.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
Emburse humanizes work by empowering business travelers, finance professionals and CFOs to eliminate manual, time-consuming tasks so they can focus on what matters most. Emburse brings together some of the world’s most powerful and trusted expense and AP automation solutions, including Abacus, Captio, Certify, Chrome River, Nexonia and Tallie. The company’s innovative offerings, which are uniquely tailored for specific industries, company sizes, and geographies, are trusted by more than 4.5 million users in more than 120 countries.
Over 14,000 customers, from start-ups to global enterprises, including Boot Barn, Grant Thornton, Telefónica, Lufthansa Systems, and Toyota rely on Emburse to make faster, smarter decisions, empower business travelers to recapture lost nights and weekends spent doing tedious expense management, and help make users’ lives – and their businesses – better.
For more information on Emburse, visit emburse.com, call 877-EMBURSE, or follow the organization’s social channels at @emburse.