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Description
The market for ePurchasing software — which includes products like eProcurement, eSourcing, contract life-cycle management (CLM), automated spend analysis, electronic invoice presentment and processing (EIPP), services procurement, supplier network services, and supplier performance management — still managed to grow by 1% in 2009, at a time when the overall software market fell by 8%. This market will grow by 12% in 2010, as:
- Purchases of licensed eProcurement and eSourcing software rebound, helping Oracle and SAP.
- CLM, supplier performance management, services procurement, and spend analysis grows.
- The supplier network services market ripens for convergence, both between PO and invoice networks and among networks.
- The players change — market leaders in each product category, the upcoming challengers, and the fading players.
Vendors mentioned: Achilles, Aravo, Ariba, Basware, Beeline, b-process, BravoSolution, CMA Contiki, Coupa Software, DO2, Emptoris, Enporion, ePlus, Fieldglass, Global eProcure, Hubwoo, IBX Group, i-Faber, I-many, IQNavigator, JP Morgan Chase Xign, Ketera Technologies, Lawson Software, OB10, Omniware, Oracle, Oracle PeopleSoft, Perfect Commerce, Quadrem International, SAP, Selectica, Symfact, TradeCard, Transcepta, Upside Software, and Zycus
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