Gartner® has recently released its first version of the Magic Quadrant™ for Accounts Payable Applications. It replaces the Market Guide for Accounts Payable Invoice Automation Solutions.
The report In this Gartner® reviewed 14 different Accounts Payable vendors and measured them against their Ability to Execute and their Completeness of Vision – measured against Gartner® criteria for helping “corporate controllers and their teams to automatically manage supplier invoice processing, facilitate payments and support supplier master data management across one or more ERP applications.”
The report names four companies in the ‘Leaders’ Category: Basware, Coupa, Esker, Medius.
Here are some responses from the leading companies from the report (in alphabetical order):
Basware ‘Basware’s recognition as a Leader in the Gartner Magic Quadrant comes on the heels of key innovations, including the launch of Basware Insights, advancements in GenAI, and the introduction of AP Assurance, an integrated fraud protection and statement reconciliation solution.’
Coupa, “As global regulations shift and financial complexity grows, Coupa equips businesses with the tools to enhance financial control, mitigate risk, and accelerate AP processes. Coupa’s AP Automation solution streamlines invoicing, expenses, and payments into a single, AI-driven platform. solution.”
Esker, “Esker’s AI-driven capabilities have revolutionized the way businesses manage their accounts payable processes. For our customers, we feel we offer greater efficiency, improved accuracy and the ability to focus on strategic initiatives rather than manual tasks.”
Medius “Our extensive background in AP Automation and our comprehensive spend management suite give customers confidence that they have complete control of cost, cash, and compliance. We’ll continue to focus on rapidly developing and deploying innovative products that empower finance teams to shape their financial future.”
The report is available from Gartner® or from the links provided by Basware, Coupa, Esker or Medius
To read and download this content you need to be registered.
Become a member to access all content and / or download it