Expense Management Software In 2021 - Latest Quadrant Ranking by 360Quadrants

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www.360quadrants.com

• Expense Management Software In 2020 - Latest
  Quadrant Ranking by 360Quadrants

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Expense management software allows businesses and
employees to more easily track, attribute, and
reimburse employee expenses. It centralizes the
management process, and can automate routine
manual tasks, saving time for managers and
accountants. Expense management software should
always have the ability to document receipts,
have a mobile application or interface, have some
approval routing configuration, and be able to
work with accounting software. This type of
software should not be confused with spend
management, which focuses on procurement expenses
such as raw materials, business services, or
investments.One of the key trends observed in
the expense management software market is the
access to the expense portal though the internet
and mobile applications which have, in turn,
raised the demand for the expenses software to
manage employee expense reimbursement process on
a real-time basis. Therefore, many large
enterprises are adopting this travel and expense
management software. This software enables
enterprises to scrutinize medical bills, travel,
and other tickets and automate the reimbursement
process. It also helps prevent fraud and human
error in the expense management
process.360Quadrants, the most granular
solution comparison platform, has released a
study on the top companies in the expense
management software market to assist businesses
make faster and more strategic decisions when
selecting an ideal expense management software
provider. SAP Concur, Zoho Expense, Expensify,
ReceiptBank, and Paycom dominated the global
expense management software market in
2020.360Quadrants conducts sa comprehensive SWOT
analysis and specifically assesses the companies
selected for review. This helps in understanding
future prospects and where competitors are
lagging. It also helps consumers choose the most
appropriate solution and manufacturer as per
their specifications.
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• Expense Management Software 360quadrants
  Categorization
• 20 companies offering expense management
  software solutions were analyzed and ranked, of
  which, ten companies were positioned on a
  360Quadrant that categorized them as Visionary
  Leaders, Innovators, Dynamic Differentiators, and
  Emerging Companies.
• Visionary Leaders Visionary leaders primarily
  lay emphasis on new product launches, innovative
  developments, and business strategy executions.
  These players have extensive ranges of products.
  Visionary leaders are organizations that have a
  wide range of offerings and are pioneers in
  making decisions. SAP Concur, Zoho Expense,
  Expensify, ReceiptBank, and Paycom are considered
  as Visionary Leaders and placed on the
  360Quadrant.
• Innovators Innovators primarily concentrate on
  technological innovation and invest heavily on
  RD in order to have wider and stronger product
  portfolios. They actively add features to their
  software and services and have the potential to
  expand over regions and markets and then become
  challengers. Deem is recognized as an Innovator
  in this category.
• Dynamic Differentiators Throughout the expense
  management software domain, businesses are
  completely reliant on efficient RD programs.
  Some companies have minimal product offerings
  relative to the Visionary Leaders, but do have a
  network of dedicated clients for their offerings.
  The Dynamic Differentiators in the Expense
  Management Software space are Divvy and Expend.
• Emerging Companies As companies worldwide
  provide expense management services to various
  customer segments, the sector presents a major
  challenge to small organizations that have yet to
  establish their footprints. Emerging Companies
  are majorly small or specialized companies with
  the capacity to expand with the right strategic
  choices. Companies such as Happay, Fyle, and PEX
  are categorized as Emerging Companies.

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• 360quadrants Company Evaluation Methodology
• Using the following scoring pattern, the top
  expense management software companies are
  assessed
• Considerable evaluation was undertaken to
  generate a list of software developers by a
  highly trained team of consultants and technical
  experts. A patent-pending mechanism was used to
  gain inputs from various stakeholders, experts,
  consumers, product suppliers, and 360Quadrants
  analysts focused on more than 95 criteria for
  product portfolio and market strategy
  development.
• Core parameters under Product Portfolio include
  Digital Invoices, Recurring Invoices, Invoice
  Templates, Due Dates, Cash flow, KPIs Monitoring,
  Payment Tracking, Expense Automation, Mobile
  Functionality, Internationalization, Embedded AI
  / Machine Learning, Mileage Tracking, and Receipt
  Capture. Other parameters analyzed are Deployment
  Options, Policies and Regulations, Reporting
  Features, Client Invoicing and support provided
  by the vendor.
• Geographic reach, partner network which includes
  Distributors / VARs / OEMs, Agencies
  Consultants, Managed Service Providers and System
  Integrators / Builders, financial capability, and
  client coverage or market footprint constitute
  criteria within market strategy development.
• A proportion dependent on data collected
  pertaining to the above parameters as well as
  specific inputs were assigned to each factor. The
  findings are analyzed, and a definitive rating is
  given to each service provider. Based on the
  rating after the finalization of the scores, the
  service provider is placed in the most relevant
  quadrant.

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• About 360Quadrants
• 360Quadrants is the largest marketplace looking
  to disrupt US 3.7 trillion of technology spend
  and
• is the only rating platform for vendors in the
  technology space. The platform provides users
  access
• to unbiased information that helps them make
  qualified business decisions. 360Quadrants
  enables
• vendors to influence the business decisions of
  potential clients. Vendors get to win ideal new
• customers, customize their quadrants, decide key
  parameters, and position themselves strategically
• in a niche space, to be consumed by giants and
  start-ups alike. Experts get to grow their brand
  and
• increase their thought leadership. The platform
  targets the building of a social network that
  links
• industry experts with companies worldwide. The
  platform has around 400 total buyers across
• various markets.

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•  
• Contact
• Mr. Agney Sugla
• agney_at_marketsandmarkets.com
• 630 Dundee Road, Suite 430
• Northbrook, IL 60062