DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/dt9qm3/global_automated) has announced the addition of the "Global Automated Spend Analysis Solutions Market 2014-2018" report to their offering.
The analysts forecast the Global Automated Spend Analysis Solutions market to grow at a CAGR of 13.64 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing need for expense visibility for intelligent decision making. The Global Automated Spend Analysis Solutions market has also been witnessing the emergence of SaaS-based spend analysis solutions. However, the presence of diverse data sources in enterprises could pose a challenge to the growth of this market.
Key vendors dominating this space are Ariba Inc., Emptoris Inc., Oracle Corp., and Zycus Inc.
Other vendors mentioned in the report are Aravo Solutions Inc., Avotus Corp., BIQ LLC, Basware Corp., BravoSolution Inc., CMA Contiki, Due North Ltd., Enporion Inc., Fullstep Networks, Gatewit/Construlink S.A., GEP, Iasta Inc., Ketera Technologies, Power Advocate Inc., and SAS Institute Inc.
Commenting on the report, an analyst from the team said: SaaS-based spend analysis solutions are highly cost-effective as compared to the deployment of on-premise spend analysis solutions. Vendors provide SaaS-based solutions for an annual subscription or usage fee. In addition, the implementation of SaaS-based solutions saves the cost associated with the installation and upgradation of spend analysis solutions. With the increased adoption of cloud computing, automated spend analysis vendors are increasingly providing SaaS-based solutions. SaaS-based solutions not only help to minimize the cost by easy implementation but also offer added advantages such as quick response time and ease of access. Also, the total cost of ownership reduces as there is no capital investment. Some companies such as Ariba Inc. offer SaaS-based solutions, which are much more user friendly, easy to implement, and offer cost savings.
For more information visit http://www.researchandmarkets.com/research/dt9qm3/global_automated.
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