BUSINESS SPEND MANAGEMENT SOFTWARE MARKET ANALYSIS

Business Spend Management Software Market, By Component (Software/Platform, and Services), By Deployment Type (On-Premise, and SaaS), By Enterprise Size (SME’s, and Large Enterprises), By Solution (Contract & Tender Management, Procure-to-Pay Solutions, Travel & Expense Management, Supplier & Risk Management, and Spend Management/Spend Analytics), By End-use Industry (BFSI, Education, Energy & Utility, Healthcare, Hospitality, IT & Telecom, Manufacturing, and Retail), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East& Africa)

Global Business Spend Management Software Market- Recent Developments

In March 2022, Xeeva, an AI-driven Spend Management and Procurement software company, announced the launch of its new AI driven Spend Analytics Platform. They have developed algorithms that help in identifying and classifying data accurately, generating hundreds of intelligent opportunities.
In June 2021 Kissflow, a SaaS firm, introduced Kissflow Procurement Cloud, a procure-to-pay system that runs on the cloud, Organisations can combine functions for supplier management, punchout catalogues, expenditure management, eProcurement, inventory management, AP automation, and custom connectors on the platform.
In March 2022, Proactis, a spend management expert, published the Proactis eRecovery Report, which details the investments that big businesses have made to help them recover after the COVID-19 pandemic broke out.
In March, 2022, SAP announced the acquisition of a majority stake in Taulia, a provider of working capital management solutions.