August 22, 2005
The Forrester Wave™: Accounts Payable EIPP, Q3 2005
Evaluation Of Top Accounts Payable EIPP Vendors Across 74 Criteria
This is the fifth document in the "Electronic Invoice Presentment And Payment" series.
with Penny Gillespie, Bill Doyle, John R. Rymer, Adele Sage
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.
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Forrester interviewed and surveyed 20 EIPP vendors to identify the key vendors for accounts payable (AP) EIPP. We interviewed key vendors in April, May, and June 2004, with follow-up interviews in 2005: Ariba, BasWare, b-process, Burns, Deskom, Open Business Exchange, TradeCard, U.S. Bank PowerTrack, and Xign. We used customer references for validation. We also queried banks and ERP vendors to determine their positions in the AP EIPP space. Related Research Documents
February 17, 2005, Trends
December 23, 2004, Tech Choices
September 28, 2004, Best Practices
September 28, 2004, Best Practices |
Accounts Payable EIPP Does More Than Manage Invoices
Evaluation CriteriaFind Documents In Related CategoriesThis document falls under the following categories. Click on a link below to find similar documents.
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Original air date: Tuesday, June 23, 2009
Special Features
1 Forrester Wave
Graphical vendor ratings
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Ratings and Comments
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