order-to-pay solutions: industry partnerships likely to boost adoption
DESCRIPTION
Companies have worked to transform their paper checks to commercial card and ACH payments, but electronic invoicing has lagged behind. This, however, has not deterred solution providers from pairing electronic invoice and payment products so they can offer a fuller spectrum of automation tools along the order-to-pay process. Mercator Advisory Group's newest report, Order-to-Pay Solutions: Industry Partnerships Likely to Boost Adoption, examines what keeps companies from achieving fuller AR and AP electronification as well as how key industry partnerships can accelerate automation.TRANSCRIPT
Order-to-Pay Solutions: Industry Partnerships Are Likely to Boost Adoption
June 2014
2014 Mercator Advisory Group
Companies have worked to transform their paper checks to commercial card and ACH payments, but electronic invoicing has lagged behind. This, however, has not deterred solution providers from pairing electronic invoice and payment products so they can offer a fuller spectrum of automation tools along the order-to-pay process.
Mercator Advisory Group's newest report, Order-to-Pay Solutions: Industry Partnerships Likely to Boost Adoption, examines what keeps companies from achieving fuller AR and AP electronification as well as how key industry partnerships can accelerate automation.
Order-to-Pay Solutions: Industry Partnerships Likely to Boost Adoption
2014 Mercator Advisory Group
“To the extent that solution providers can sell and implement both electronic invoicing and payment solutions at companies, they can expect to keep those customers for a very long time,” comments Amy Hoke, Director of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service and author of the report. “It is with that hope that key partnerships between industry-leading electronic invoice and payment giants have been formed—such as Visa/SAP, Ariba/Discover Bank, and MasterCard/Basware—which are likely to buoy adoption of full-featured order-to-pay solutions.”
Amy HokeDirectorCommercial and Enterprise Payments Advisory ServiceMercator Advisory Group
2014 Mercator Advisory Group
• Order-to-pay overview
• Solution types
• Benefits and barriers to full process automation
• Description of the three new partnerships
• Adoption prospects
Highlights of this Report
© 2014 Mercator Advisory Group
Figure 4: Order-to-Pay Solutions Are Being Delivered Through a Variety of Configurations
Source: Mercator Advisory Group
Stand-Alone e-Invoicing
Stand-Alonee-Payments
Single Company
Full Order to Pay
Partnership Full Order to
Pay
About the Research Note
2014 Mercator Advisory Group
This report is 17 pages long and contains 6 exhibits.
Companies mentioned in this report include Ariba, Basware, Discover Bank, Esker, MasterCard, SAP, and Visa.
Members of Mercator Advisory Group's Commercial and Enterprise Payments Advisory Service have access to this report as well as the upcoming research for the year ahead, presentations, analyst access and other membership benefits.
Please visit us online at www.mercatoradvisorygroup.com.
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About Mercator Advisory Group
Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs.
Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.
2014 Mercator Advisory Group