TechNavio today launched its report Global SaaS-based Expense Management Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Enterprise Computing team said: ”The increased adoption of software-as-a-service (SaaS)-based expense management systems by small and medium enterprises (SMEs) is one of the major positive trends in the Global SaaS-based Expense Management market. Low initial investment and faster deployment are the major reasons behind the increased adoption of SaaS systems. SMEs are benefiting from the ability of SaaS-based expense management systems to manage their expenses in an affordable pay-per-use model without having to invest in traditional on-site systems. Realizing the huge potential offered by SMEs, many vendors have started offering expense management solutions specific to SMEs. These vendors are offering flexible payment options to customers with respect to their usage. These options include advertisement-based revenue or pay-per-click, transaction-based pricing, and subscription with a recurring fee.”
According to the report, several companies are experiencing a sudden increase in their expenses as a result of globalization, setting up operations in various regions, and an increasing number of alliances and partnerships. These companies are realizing that achieving better visibility of expenses and tracking spending patterns helps to not only control cost, but also plan for the long term, because it provides them with a clearer picture of their suppliers and buyers. Without the visibility of expenses-related data, it is difficult to ensure that suppliers are providing correct pricing, rebates, and volume discounts. Expense management systems help in centralizing the process, providing better visibility and control. This is encouraging companies to invest in such solutions.
Further, the report also discusses that the existence of in-house expense management systems represents a hindrance for the growth of the Global SaaS-based Expense Management market.
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 players. For further information on this report, please visit http://goo.gl/eFep0
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For more information on our Enterprise Computing market research, please visit https://www.technavio.com/enterprise-computing
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TechNavio Announces the Publication of its Report – Global SaaS-based Expense Management Market 2011-2015
