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	October 22, 2007 (updated January 28, 2008) The EIPP Market Is Ripe For Consolidation Demand For Applications To Streamline Buy-Side Invoice-To-Pay Processes Will Continue To Grow Rapidly by Duncan Jones with Sharyn Leaver, Andrew Bartels, Antonin Shanahan	Average: 10  (1 rating)

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Executive Summary

Most invoices start life in order management applications and end up in accounts payable (AP) products, yet almost all must first become paper, processed by expensive, slow, and error-prone human beings. AP Electronic Invoice Presentment and Processing (EIPP) products automate the submission and processing of invoices and streamline the supporting manual processes such as discrepancy resolution. The EIPP market is fast-growing — 33% CAGR from 2003 to 2008 — but fragmented, with 13 different vendors having 1% or more market share. Moreover, most vendors address a market subset only. Significant market consolidation will occur over the next two to three years, which will fuel continuing growth at the current rate. By 2010, most enterprises will have adopted EIPP, and all business-to-business suppliers will be able to support it.

TABLE OF CONTENTS

• Enterprises Still Rely On An Obsolete Invoice-To-Pay Solution: People
• EIPP Products Automate The Invoice-To-Pay Process
• The AP-EIPP Market Is Growing Rapidly But Is Still Fragmented
• Five Categories Of Software Vendors Sell In The EIPP Space
• Market Consolidation Will Drive Continuing Growth Levels

RECOMMENDATIONS

• Implement An AP-EIPP Solution That All Your Suppliers Can Use

WHAT IT MEANS

• EIPP Will Reach The Tipping Point For Mass Adoption By 2010

ALTERNATIVE VIEW

• AP Clerks Aren't Obsolete Just Yet
• Supplemental Material
• Related Research Documents

This is an excerpt

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