For Business Process & Applications Professionals (Length: 14 pages)

Executive Summary (This is a document excerpt)

Electronic invoice presentment and payment (EIPP) is becoming an essential tool for businesses. EIPP solutions fall into two categories: accounts receivable (AR) solutions for sellers who want to get electronic invoices into the hands of buyers; and accounts payable (AP) solutions, geared toward buyers who want to receive all invoices electronically. To assess the state of the AP EIPP market and see how the vendors stack up against each other, Forrester evaluated the strengths and weaknesses of top AP EIPP vendors across 74 criteria. The result: American vendors such as TradeCard, Xign, and Ariba scored higher than most of the European vendors, largely due to their more robust AP functionality. BasWare (Finland) emerged as the highest-scoring vendor in Europe. Included in this report is an interactive vendor comparison tool that provides detailed product evaluations and customizable rankings.