Solutions and supporting services that support the processing and payment of invoices. These solutions includes e-invoicing capabilities such as: invoice capture and digitization, invoice validation, invoice matching , GL coding and approvals. They also support payment related functionality for: payment file creation, mass payments (P-Card, check, ACH, FX), 1-time payments (V-Card, Paypal), payment reconciliations, credit memo management, trade financing (early payment and dynamic discounting) and payment transmission (including cross-border). Solution vendors may also provide some level of supplier management and supplier collaboration via supplier networks and/or portals. This market is a major portion of the Invoice-to-Pay (I2P) technology market and will be harmonized with the broader I2P SolutionMap in the future.
Step 2 / Select Buying Persona
Nimble
NIMBLE Persona
My organization: Dynamic, results-focused, limited IT department involvement, risk-tolerant of new approaches
and providers; Often decentralized, rapidly growing, and/or middle market
We need: Speed to value, low pricing; Modern, intuitive, cloud-based software with optional value-added services
Deep
DEEP Persona
My organization: Highly sophisticated, rigorous, somewhat complex, risk-tolerant, happy to push limits of tech to create more value
We Need: The most comprehensive, tailorable solution for the job; Best-in-class functionality, breadth, depth and ability to support our sophistication
Configurator
CONFIGURATOR Persona
My organization: Moderately to highly sophisticated; Unique process requirements from unique, often complex
supply/value chains
We need: Emphasis on flexibility, modularity, configurability and internal/external integration to ultimately support my organization’s diverse and evolving needs
Turn-Key
TURN-KEY Persona
My organization: Outcome-focused; TCO approach to implementations; Often risk-averse and skeptical based
on previous experiences
We need: A combination of software capability and supporting services to contractually deliver results and a
defensible ROI; Pre-loaded capabilities, content, and know-how
CIO Friendly
CIO-FRIENDLY Persona
My organization: Strong IT backbone, high IT influence and investment for buying decisions; Big focus on
security, standardization, control, and risk/compliance
We need: IT support and CIO endorsement; A new ‘skin’ atop existing systems to optimize
About Personas
Not all procurement organizations are equal. SolutionMap buying personas reflect different organizational needs tied to the unique value propositions served by a provider. Be sure to select the buying persona that most accurately reflects your organization as the SolutionMap provider rankings vary based on weighted requirements by persona.
Step 3 / Review AP Automation Solutions Rankings Rankings chart
Submission complete.
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Reading the Ranking Chart
The color of the provider ‘bubble’ indicates the number of submitted customer references with dark purple being best.
* Not yet evaluated against Q2 RFI requirements.
The size of the provider ‘bubble’ indicates their number of customers.
Review Profiles of Vendors / in AP Automation Solutions Rankings SolutionMap
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