Executive Summary
The 2023-24 ePayables Technology Advisor is designed to help accounts payable (AP), finance, and P2P leaders navigate the ePayables solution provider market.
Ardent Partners’ 2023-24 ePayables Rankings
Ardent Partners evaluated the market’s top ePayables solution providers’ Solution Strength (the ability to support the full scope of accounts payable activity, as defined by Ardent Partners’ ePayables Framework discussed below) measured along the X-axis, and Provider Strength (which includes factors such as execution ability, client success, references, and product vision) measured along the Y-axis.
The Ardent team identified the solution and market leaders in the ePayables space for inclusion in this research study. The twelve providers and their distinct solutions included in this report are:
- Bottomline Paymode-X
- Corcentric
- Coupa
- Esker
- GEP
- Ivalua
- JAGGAER
- Medius
- Rillion
- SignUp Software
- Tradeshift
- Tungsten Network, a Kofax company
Participating companies were asked to complete a robust RFI questionnaire covering all aspects of their solution. Areas of focus included Invoice Submission & Receipt, Process & Workflow, Payments, as well as Reporting & Analytics and Solution Roadmap. Ardent Partners conducted in-depth customer interviews from each of the participating solution providers. Ardent’s analyst team also participated in detailed briefings and solution demonstrations to gain a complete company overview as well as an in-depth understanding of specific solution capabilities.
This report contains inputs on usability, solution functionality, completeness of offering, innovation, customer reviews, company presence and ability to execute, as well as company focus and future solution strategy. Ardent Partners’ mission in delivering this Technology Advisor is to provide straightforward and useful information that can help organizations make smarter buying decisions. Questions about our methodology, analysis, and conclusions are welcomed and may be directed to Ardent’s research team here.
