10+ Best Accounts Payable (AP) and Spend Analysis Software 2023

Good expenditure data is the foundation of spending intelligence. Many businesses suffer from faulty data since the majority of procurement data is scattered across many systems with inconsistent taxonomies and other mistakes. No matter where your spending data is stored, SpendHQ optimizes it all and provides procurement-informed insights based on improved category management, contract compliance, supplier variety, and other factors. The company's revenue reaches $3.8 M.

Precoro is a cloud-based tool for streamlining the procurement process. No more laborious manual processes and mistakes due to human factors. just consolidated buying processes and automated operations. Use email or Slack alerts to approve papers from any device 2.5 times quicker. By including as many phases as necessary and giving coworkers distinct tasks, you may streamline the approval procedure. Save up to 19% of your planned spending. Always keep track of deals and stick to your budget. Enhance cash flow transparency by keeping an eye on corporate costs (including reimbursements). For more thorough planning of your procurement strategy, obtain clear data and informative reports. The company's revenue reaches $8 M.

Coupa is a company that's focused on business value. They aim to help their clients to get the most out of their expenditures to optimize assets and profits. They offer multiple products to achieve that and one of them is their spend analysis software. Hundreds of companies have used their platform and saw positive results.

For over two decades, Ivalua has been helping businesses to improve the way they spend and manage suppliers. The company was founded in 2000 with the goal of empowering procurement leaders to optimize their spend analytics. Hundreds of brands worldwide trust Ivalua to boost efficiency, minimize risk, and maximize profits.

Since 2015, Simfoni has helped many CFOs and financial managers to manage expenses and spend data. They offer one of the best spend management software in the market with a rich set of tools and solutions. Simfoni's goal is to eliminate procurement hassles for better control spending, rapid savings, and supply chain management.

Glantus specializes in offering easy solutions for streamlined accounts payable processing. The company was founded in 2014 with the goal of solving data problems bombarding enterprises at scale. They're among the first that built dynamic technologies for the accounts payable market. Glantus has customers worldwide and offices in San Jose, Dublin, Katowice, and London.

PRM360 is a fast-growing company that provides procure-to-pay and spend management software. The company was founded in 2016 by CEO Nitesh Reddy with the goal of becoming among the global leaders in the procurement software market. PRM360 aims to help businesses with spend analytics through innovations and optimized user experience.

AppZen is one of the leading companies offering financial analysis, accounts payable, and spend management tools in the software industry. Their platform is being used by organizations across 40+ countries. It handles around eight billion transactions every year and ensures satisfactory ROI results. Among AppZen's top users are Amazon, Adidas, Nvidia, Verizon, and JP Morgan & Co.

SAP Ariba Solutions provides top-of-the-line solutions for accounts payable, spend analysis, and supply chain management. Their platform empowers companies to grow and spend their assets wisely and equitably. Their solutions focus on streamlined source-to-pay procedures, seamless supplier collaboration, and exemplary ROI results. SAP Ariba has been operating for over two decades and has helped plenty of organizations.

PRGX is one of the world’s leading providers of Source-to-Pay (S2P) services which helps large and complex companies reach wider, dig deeper, and act faster to get more value out of their S2P data. Since its establishment in 1970, PRGX has been helping clients in more than 30 countries in improving their S2P cycle from start to finish.