Comparing 38 vendors in Spend Analytics Software across 129 criteria.

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Icon Company
Icon Headquarters
Icon Year Founded
Icon Holding Type
AXON Platform Spend Analytics California, USA 2008
Altair Knowledge Studio Spend Analytics Michigan, USA 1985
BRAVOSOLUTION SPA
Basware Purchase to Pay
BirchStreet Procure-to-Pay
 
Frequently Asked Questions (FAQs)
The demand for Spend Analytics Software is growing as organizations are looking for solutions to obey strict governance and compliance policies related to their accounts and spend data, increasing adoption of market intelligence by suppliers, and the necessity to keep company’s expenditure to the minimum without affecting its operations. Apart from this there is increasing need for supplier and market intelligence, predictive analytics for businesses, need to better manage internal compliance policies and external contracts.
The spend analytics market is expected to grow to USD 3.01 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 17.7%
The challenges faced by the spend analytics market are issues in achieving consistency in business semantics and interpretations, data privacy and security concerns, and concerns about positive Return on Investment (RoI). Difficulty in migrating from legacy systems might restrain the market growth.
Major vendors that offer spend analytics solutions include SAP SE (Germany), SAS Institute, Inc. (US), IBM Corporation (US), Oracle Corporation (US), Coupa Software Inc. (US), Zycus Inc. (US), Proactis (UK), Empronc Solutions Pvt. Ltd. (India), JAGGAER (US), Rosslyn Analytics, Ltd. (UK), Ivalua Inc. (US), and BravoSolution SPA (US).
Major vendors have adopted couple of growth strategies such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their offerings in the market.
Industries that use Spend Analytics Software includes Manufacturing, Retail & E-Commerce, Government & Defence, Healthcare & Life Sciences, Telecommunications & IT, Energy & Utility, BFSI, Construction, Retail and Education.
 
 

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360 Quadrants is a scientific research methodology by MarketsandMarkets to understand market leaders in 6000+ micro markets

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360 quadrants

360 Quadrants is a scientific research methodology by MarketsandMarkets to understand market leaders in 6000+ micro markets

© 2025 360Quadrants, All rights reserved.