The Forrester Wave™: AP-EIPP, Q2 2008

In Forrester's 78-criteria evaluation of accounts payable electronic invoice presentment and payment (AP-EIPP) vendors, we found that Basware leads the pack, closely followed by Ariba, JPMorgan Xign, and 170 Systems. All have good invoice management capabilities combined with extensive invoice networks — 170 Systems resells OB10's network — but all the other evaluated vendors had good products and their own particular strengths that may qualify them for buyers' shortlists. Both of Oracle's EIPP products — within the E-Business Suite and PeopleSoft product lines — are leading options for companies that are already using the finance and procurement modules of those products. OB10 is a great candidate for companies wanting to add electronic invoice capture to existing workflow solutions. American Express S2S, Bottomline, PowerTrack, and TradeCard have extended their electronic payment solutions back to the invoice capture and validation process, and each has unique strengths. With so many good products available, plus several other vendors outside the top 10 that we evaluated, prospective buyers should reweight Forrester's evaluation based on their own priorities and decide which factors are most important, and which weaknesses can be overlooked.