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By 2020, TEM solutions will double to USD 2.1 bln - report

Friday 15 January 2016 11:14 CET | News

Independent financial research and advisory company PayStream Advisors has announced the release of its Travel and Expense Management Navigator report.

The report provides a comparative analysis of software solutions, weighing strengths, differentiators, and weaknesses.

Also, the report includes two comparative analysis grids that evaluate each providers proficiency and adaptability against the needs of two types of organizations. One grid is designed for the specific needs of enterprises; the other targets mid-sized organizations. These grids, called Navigator Planes, provide a data-driven visualization of a solution provider’s value to businesses of different sizes.

Moreover, the report also provides a prediction of TEM market growth as well as projected adoption rates among organizations of various sizes. PayStream analysts estimate that the current market for TEM solutions is over  USD 1.1 billion, and that by 2020, it will almost double to USD 2.1 billion. PayStream  attributes this potential growth to the mid-sized market, with a 14 % CAGR in adoption rates.

What`s more, the TEM Navigator report includes a historical overview of TEM solutions, including the rise and fall of the IBM GERS solution, the introduction of Concur, and the advent of cloud expense management software.

PayStreams report compares eleven TEM solutions offered by Apptricity, Certify, Chrome River, Concur, Coupa, DATABASICS, ExpenseWatch, Expensify, Infor, InterplX, and SutiSoft.


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Keywords: PayStream Advisors, finance, procurement, expense management, e-invoicing
Categories: Banking & Fintech
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