target audience: TECH SUPPLIER Publication date: Sep 2023 - Document type: Market Share - Doc Document number: # US49193323
Worldwide Accounts Payable Applications Market Shares, 2022: Continued Uncertainty Puts Accounts Payable into Spotlight
This IDC study examines the market shares of the leading vendors in the accounts payable applications market.
"The current view of economic forces points to impending storms for businesses in the form of supply chain issues, inflations, interest rate hikes, and so forth. For accounts payable departments, the impending headwinds drive extreme focus on visibility and control. Modernization efforts for AP departments are set to continue to grow rapidly," said Kevin Permenter, research director, Financial Applications at IDC.