After a thorough evaluation of a number of global providers, SAP has been selected as a leader in the IDC MarketScape for worldwide cloud and SaaS ERP AR and AP applications 2018-2019 vendor assessment.
With our Intelligent Enterprise software platform featuring deep AR/AP functionality built in, SAP offers a comprehensive receivables and payables management solution, including SAP Concur and SAP Ariba. SAP has a powerful financial package within its cloud ERP, which is amplified through SAP Concur's market experience in expense and invoice management.
SAP brings extensive automation based on machine learning capabilities to accounts payable. Invoices can be automatically reconciled, which has the potential to greatly reduce the time needed for financial close. Globalization demands are not a problem as the SAP payables and receivables management solution supports 63 countries locally, complete with all adjustments and adaptions to local legal guidelines and reporting standards.