Business Spend Software Market Size, Share, Growth Analysis, By Deployment type(On-premise, Cloud-based), By Solution type(Procure to Pay, Travel, Expense Management, Spend Analysis), By End-user(BFSI, IT, Telecom, Energy), By Region - Industry Forecast 2024-2031

Global business spends software market players have devised ways to develop advanced systems and product launches capable of meeting user requirements thereby leading to the generation of high business spend software market revenue. Various partnerships and collaborations intended to augment the research and development process are further contributing to market competition. For Instance, Coupa Software Inc. launched new products to expand its cloud-based business spend management platform allowing consumers more visibility of their spending, business agility, and reduced supply chain risk.

Top Players in Business Spend Software Market.

• SAP Concur
• Coupa Software
• Oracle Corporation
• Expensify
• Zoho Expense
• Abacus Labs
• Expensya
• Rydoo
• Certify
• Divvy
• Chrome River Technologies
• AppZen
• Procurify
• Ariba Inc.
• JAGGAER
• Airbase
• Corcentric
• Emburse
• Teampay
• SutiSoft

Recent Development in the Business Spend software market

• In April 2022, Miebach and Coupa announced a partnership to digitize the continuous supply chain. It envisions transforming supply chain design from a tool into a holistic, strategic management deploying machine learning and artificial intelligence into some of the solutions in the platform.
• In March 2022, Cupa Software announced that its cloud-based budget management platform received FedRAMP approval at the moderate level for its business spend management platform with the sponsorship of the U.S. Federal Reserve System Board of Governors.
• In January 2022, SAP and Icertis announced an extension of their partnership with a vision to enhance contract management to help companies increase efficiency, minimize risk and realize the full intent of their agreements.