Europe Accounts Payable Automation Market Size, Share & Industry Trends Analysis Report By Component (Solution and Services), By Deployment Mode (On-Premise and Cloud), By Organization Size, By Vertical, By Country and Growth Forecast, 2022 - 2028

Europe Accounts Payable Automation Market Size, Share & Industry Trends Analysis Report By Component (Solution and Services), By Deployment Mode (On-Premise and Cloud), By Organization Size, By Vertical, By Country and Growth Forecast, 2022 - 2028

The Europe Accounts Payable Automation Market would witness market growth of 10.6% CAGR during the forecast period (2022-2028).

The expenditure account for the product or service paid for with credit often receives the debit offset for this transaction. If the item bought was a capitalizable asset, the debit might also be made to an asset account. The accountant debits the account payable once the bill is paid to reduce liability. The cash account is given the offset credit, which reduces the cash balance.

Managing a business's monetary responsibilities to its creditors and suppliers is done via the accounts payable procedure. The accounts payable process has four major processes from beginning to end. Generally, invoice capture manually enters invoice data into a system of records, including vendor information, line items, amounts, and GL code. Risks related to accuracy and human error exist in this.

Approval of invoices entails reviewing and approving supplier invoices. To get the required permissions, an AP team member would often physically walk the paper invoice around the office. This occurs before a cost is entered into the ERP and a payment is sent. After an invoice is prepared for payment, the business must get authorization before sending the money. This information comprises the due date, the manner of payment, and the payment amount.

The market for accounts payable automation in Europe is expanding quickly due to cloud services, ML, and AL. Corporations are releasing new software to capture a larger market share. Also, forward-thinking, digitally savvy institutions are already debating API strategy 2.0. API strategy 2.0 scales with consistency and uniformity from 10–100 public APIs to 1000s of bundle-ready building blocks (reusable business and IT capabilities described as APIs and Services). Large banks are also expanding this portfolio of APIs and services to maximize the use of hard-to-find talent, expand the usage of APIs and services within digital teams, and reveal existing capabilities. One of the key factors driving market growth in the Europe region is the need for restricted user access to decrease payment fraud.

The Germany market dominated the Europe Accounts Payable Automation Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $345.2 million by 2028. The UK market is anticipated to grow at a CAGR of 9.7% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 11.5% during (2022 - 2028).

Based on Component, the market is segmented into Solution and Services. Based on Deployment Mode, the market is segmented into On-Premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Government, Manufacturing, Healthcare & Lifesciences, Consumer Goods & Retail and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, Fidelity National Information Services, Inc., The Sage Group PLC, Comarch SA, Tipalti, Inc., Bottomline Technologies, Inc., AvidXchange Holdings, Inc., Procurify Technologies, Inc., FinancialForce.com, Inc. and Zycus, Inc.

Scope of the Study

Market Segments covered in the Report:

By Component

  • Solution
  • Services
By Deployment Mode
  • On-Premise
  • Cloud
By Organization Size
  • Large Enterprises
  • SMEs
By Vertical
  • BFSI
  • IT & Telecom
  • Government
  • Manufacturing
  • Healthcare & Lifesciences
  • Consumer Goods & Retail
  • Others
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
Companies Profiled
  • SAP SE
  • Fidelity National Information Services, Inc.
  • The Sage Group PLC
  • Comarch SA
  • Tipalti, Inc.
  • Bottomline Technologies, Inc.
  • AvidXchange Holdings, Inc.
  • Procurify Technologies, Inc.
  • FinancialForce.com, Inc.
  • Zycus, Inc.
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Accounts Payable Automation Market, by Component
1.4.2 Europe Accounts Payable Automation Market, by Deployment Mode
1.4.3 Europe Accounts Payable Automation Market, by Organization Size
1.4.4 Europe Accounts Payable Automation Market, by Vertical
1.4.5 Europe Accounts Payable Automation Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. Europe Accounts Payable Automation Market by Component
4.1 Europe Solution Market by Country
4.2 Europe Services Market by Country
Chapter 5. Europe Accounts Payable Automation Market by Deployment Mode
5.1 Europe On-Premise Market by Country
5.2 Europe Cloud Market by Country
Chapter 6. Europe Accounts Payable Automation Market by Organization Size
6.1 Europe Large Enterprises Market by Country
6.2 Europe SMEs Market by Country
Chapter 7. Europe Accounts Payable Automation Market by Vertical
7.1 Europe BFSI Market by Country
7.2 Europe IT & Telecom Market by Country
7.3 Europe Government Market by Country
7.4 Europe Manufacturing Market by Country
7.5 Europe Healthcare & Lifesciences Market by Country
7.6 Europe Consumer Goods & Retail Market by Country
7.7 Europe Others Market by Country
Chapter 8. Europe Accounts Payable Automation Market by Country
8.1 Germany Accounts Payable Automation Market
8.1.1 Germany Accounts Payable Automation Market by Component
8.1.2 Germany Accounts Payable Automation Market by Deployment Mode
8.1.3 Germany Accounts Payable Automation Market by Organization Size
8.1.4 Germany Accounts Payable Automation Market by Vertical
8.2 UK Accounts Payable Automation Market
8.2.1 UK Accounts Payable Automation Market by Component
8.2.2 UK Accounts Payable Automation Market by Deployment Mode
8.2.3 UK Accounts Payable Automation Market by Organization Size
8.2.4 UK Accounts Payable Automation Market by Vertical
8.3 France Accounts Payable Automation Market
8.3.1 France Accounts Payable Automation Market by Component
8.3.2 France Accounts Payable Automation Market by Deployment Mode
8.3.3 France Accounts Payable Automation Market by Organization Size
8.3.4 France Accounts Payable Automation Market by Vertical
8.4 Russia Accounts Payable Automation Market
8.4.1 Russia Accounts Payable Automation Market by Component
8.4.2 Russia Accounts Payable Automation Market by Deployment Mode
8.4.3 Russia Accounts Payable Automation Market by Organization Size
8.4.4 Russia Accounts Payable Automation Market by Vertical
8.5 Spain Accounts Payable Automation Market
8.5.1 Spain Accounts Payable Automation Market by Component
8.5.2 Spain Accounts Payable Automation Market by Deployment Mode
8.5.3 Spain Accounts Payable Automation Market by Organization Size
8.5.4 Spain Accounts Payable Automation Market by Vertical
8.6 Italy Accounts Payable Automation Market
8.6.1 Italy Accounts Payable Automation Market by Component
8.6.2 Italy Accounts Payable Automation Market by Deployment Mode
8.6.3 Italy Accounts Payable Automation Market by Organization Size
8.6.4 Italy Accounts Payable Automation Market by Vertical
8.7 Rest of Europe Accounts Payable Automation Market
8.7.1 Rest of Europe Accounts Payable Automation Market by Component
8.7.2 Rest of Europe Accounts Payable Automation Market by Deployment Mode
8.7.3 Rest of Europe Accounts Payable Automation Market by Organization Size
8.7.4 Rest of Europe Accounts Payable Automation Market by Vertical
Chapter 9. Company Profiles
9.1 SAP SE
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Fidelity National Information Services, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Partnerships, Collaborations, and Agreements:
9.2.4.2 Acquisition and Mergers:
9.3 The Sage Group plc
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.4 Comarch SA
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expense
9.5 Tipalti, Inc.
9.5.1 Company Overview
9.5.2 Recent strategies and developments:
9.5.2.1 Partnerships, Collaborations, and Agreements:
9.5.2.2 Product Launches and Product Expansions:
9.5.2.3 Acquisition and Mergers:
9.6 Bottomline Technologies, Inc.
9.6.1 Company Overview
9.6.2 Recent strategies and developments:
9.6.2.1 Product Launches and Product Expansions:
9.6.2.2 Acquisition and Mergers:
9.7 AvidXchange Holdings, Inc.
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Partnerships, Collaborations, and Agreements:
9.7.2.2 Product Launches and Product Expansions:
9.8 Procurify Technologies, Inc.
9.8.1 Company Overview
9.9 FinancialForce.com, Inc.
9.9.1 Company Overview
9.10. Zycus, Inc.
9.10.1 Company Overview

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