DUBLIN--(BUSINESS WIRE)--May 15, 2018--The "Global Spend Analytics Software Market - Segmented by Deployment (On-premises and On-cloud), Application, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The spend analytics software market is expected to register a CAGR of 18.2%, during the forecast period (2018-2023). As organizations are looking to adhere to strict governance and compliance policies related to accounts and spend data and the necessity to keep company's expenditure to minimum without affecting operations are playing a key role in driving the market.

The scope includes different application of spend analytics software market, such as financial management, supply and demand forecasting, risk management, and various others.

Growing Demand for Supplier and Market Intelligence

If prices of iron have gone down beyond the limit mentioned in the supplier contract, businesses can demand the next stock at new reduced price, thus reducing the commodity cost. With the end-user industries understanding the advantage of the solution, the consumption of spend analytics solutions is growing.

Growing Need in Financial Management

Organizations are coming up with strategies to restrict unwanted spending by analyzing financial data along with pricing data. Spend analytics software also provides a platform to bridge the gap between financial and operational performance and to monitor trends, optimize strategies that are important in allocating capital, managing assets, and reducing risks.

Key Developments in Market

April 2018: One of the poultry companies in US partnered with Zycus for five years to improve its procurement process by mitigating risks March 2018: Zycus presented its customers with updated version of spend analytics solution enabling its customers to save 30-40% of time on existing refresh cycle

Companies Mentioned

BravoSolution SpA Coupa Software Empronc Solutions Pvt. Ltd. IBM Corporation Ivalua Inc. Jaggaer Inc Oracle Corporation Proactis Inc Rosslyn Data Technologies Plc SAP SE Sas Institute Inc. Zycus Inc.

Key Topics Covered

1. Introduction

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

5. Global Spend Analytics Software Market Segmentation

6. Competitive Intelligence - Company Profiles

7. Investment Analysis

8. Future Outlook of Spend Analytics Software Market

For more information about this report visit https://www.researchandmarkets.com/research/8b9xfv/global_spend?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180515005764/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Cloud Computing and Storage,Data Analytics

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 05/15/2018 06:54 AM/DISC: 05/15/2018 06:54 AM

http://www.businesswire.com/news/home/20180515005764/en