Dallas, TX -- (SBWIRE) -- 10/01/2018 -- Global Expense Management Software Market 2018-2025:
The Study discussed brief overview and in-depth assessment on Global Expense Management Software Market 2018 including key market trends,upcoming technologies,industry drivers,challenges,regulatory policies,with key company profiles and overall competitive scenario.The market study can help them to make critical business decisions on production techniques,raw materials procurement,and to increase industry chain cycle of market across the globe.
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With digital revolution, financial transactions can now be easily managed including processing, managing as well as controlling employee expenses. Likewise, organizations of expense management systems (EMS), are capable of significantly reducing costs, enhance compliance and improve efficiency in the process. Moreover, an effective EMS is capable of reducing the cost of processing by almost 25% as well as enable T&E savings up to 10%. Thus, there are large number of organizations switching from their traditional methods of handling expenses to expense management systems.
Market segment by Type, the product can be split into
Web-based Expense Management Software
Cloud Based Expense Management Software
On-Premises Expense Management Software
Market segment by Application, split into
Small Business
Medium Business
Large Business
The key players covered in this study are Concur Technologies, Infor, IBM, Zoho Expense, Certify, Expensify, Oracle, Xpenditure, Workday, Abacus, ExpensAble, Gusto, Receipt Bank, Coupa, QuickBooks, Apptricity, Xero, PaySimple, Nexonia Expenses, ExpenseBot, Ariba Inc., ExpensePath, ExpensePoint, SumTotal Systems, Replicon WebExpense, Zenefits, Torqus POS etc...
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
Below are the notable key trends appearing drive the future of the market:
Mergers and Partnerships in Market: These activities are likely to endure, since the various vendors are trying to concur as well as close the existing gap on market share leaders.
Incorporation of Expense Management with Travel Booking: Integration amongst the expense management systems along with travel booking systems is increasingly been adopted by the leading market participants as it aids streamlined & efficient process of financial transactions.
Integration with Virtual Card: Also, issuers of virtual cards are continuously undergoing tie-ups in order to develop to integrate more payment options with bookings as well as expense management solutions.
Endorsing EMS through Robotics & Machine Learning: Suppliers all across the globe have started exploring new techniques for leveraging modern technologies, for instance chatbots, OCR and GPS systems, in direction of automating and endorsing the expense management process.
Real-Time Handling of Expenses: When the entire transaction data is been uploaded to the expense management solutions at the time of sale, all the approvals as well as reimbursements managed in real-time, instead of in expenses report groupings.
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Some of Major Point From TOC of Global Expense Management Software Market 2018
Chapter One: Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Expense Management Software Market Size Growth Rate by Type (2013-2025)
1.4.2 Web-based Expense Management Software
1.4.3 Cloud Based Expense Management Software
1.4.4 On-Premises Expense Management Software
1.5 Market by Application
1.5.1 Global Expense Management Software Market Share by Application (2013-2025)
1.5.2 Small Business
1.5.3 Medium Business
1.5.4 Large Business
1.6 Study Objectives
1.7 Years Considered
Continued....
Part 2:
Global Expense Tracking Software Market 2018-2025:
The global Expense Tracking Software market size reached USD xx million in 2017 and it is expected to cross USD xx million by the end of 2025, with a CAGR of xx% over the forecast period 2018-2025. The first tracking expense apps were introduced by Microsoft Money and Quicken, available only as desktop applications. At present, phone-based and online expense tracker apps can covers the entire financial preparedness as well as knowledge.
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The key players covered in this study are Concur, Zoho Expense, Certify, Xpenditure, Expensify, BizXpense Tracker, ExpenseBot, Taxbot, Deductr, ExpensePath, Receipts Pro, Receipt Bank, Abacus, ExpensePoint, InvoiceBerry, Journyx, Expenses Manager etc...
Most of the medium size organizations nowadays dedicatedly spend over employees training plus travel expenses, thus maintaining reports on these expenses becomes vital. There are several soft wares that help in managing and analyzing the expense data and also help in converting this data to valuable facts. Employing expense software in the organization aids in simplified expense reports, while making the claim process easy. Moreover, with insertion of these software into expense tracking, enables enterprises to identify cost-saving opportunities, rationalize supplier base, enhance operational efficiency and prioritize spending categories. SMEs, on increased verge, adopted the software to improve operational performance. One of the key factor driving the expense and travel management software market is rising demand for hassle-free reimbursement and claims.. The expense tracking reports software augments revenue and productivity, while offering accurate information by reducing human errors. The increasing adoption of this software among varied enterprises will be one of the key trends that will gain traction in the subsequent years.
1. Segmentation by product type: On-Premises Expense Tracking Software, Web-based Expense Tracking Software, Cloud Based Expense Tracking Software
2. Segmentation by application: Small to Midsize Business (SMB), Large Business
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Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
One of the most renowned expense tracking app, Quickbooks, provides effective accounting applications that is suitable for every business size. With the easy portability, it aims at running the accounting process smoothly. Furthermore, presence of real-time dashboards keeps financial transactions up-to-date and enables automatic download of bank account data. Option of tracking invoices, ensuring company receive payment on-time and chase a client's payment when overdue. While considering HMRC standards, app provides VAT tracking compliant and user can capture receipts on mobile device.
Some of Major Point From TOC of Global Expense Tracking Software Market 2018
Chapter One: Report Overview
Chapter Two: Global Growth Trends
Chapter Three: Market Share by Key Players
Chapter Four: Breakdown Data by Type and Application
Chapter Five: United States
Chapter Six: Europe
Chapter Seven: China
Chapter Eight: Japan
Continued....
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