Reportstack Announces the Publication of its Research Report - Global Automated Spend Analysis Solutions Market 2014-2018. Reportstack recognizes the following companies as the key players in the Global Automated Spend Analysis Solutions Market: Ariba Inc., Emptoris Inc., Oracle Corp., and Zycus Inc. “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 saving. ”
According to the report, one of the major drivers in the market is the increasing need for expense visibility for intelligent decision making. Automated spend analysis helps in centralizing the spend process, providing better visibility and control over the spending to gain operational intelligence, provides real-time insight into procurement, sourcing, and supply of chain information so that organizations can operate faster, more efficiently, and more competitively. Without the visibility of spend-related data, it is difficult to ensure that suppliers are providing correct pricing, rebates, and volume discounts.
Further, the report states that one of the major challenges in this market is the presence of diverse data sources in enterprises. In several large businesses, spend data originate through different people, business divisions, locations, and languages. Also, the data are dispersed across multiple incompatible systems. Further, these data are often inadequate, with the absence of specific parts or attributes essential to identify various savings opportunities. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://www.reportstack.com/product/149103/global-automated-spend-analysis-solutions-market-2014-2018.html.