Table of Content

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 15
1.3.1 MARKET SEGMENTATION 16
1.3.2 REGIONS COVERED 16
1.4 YEARS CONSIDERED FOR THE STUDY 17
1.5 CURRENCY CONSIDERED 17
1.6 STAKEHOLDERS 18

2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 20
2.1.2 PRIMARY DATA 20
2.1.2.1 Breakup of primaries 20
2.2 MARKET BREAKUP AND DATA TRIANGULATION 21
2.3 MARKET SIZE ESTIMATION 21
2.3.1 TOP-DOWN APPROACH 22
2.3.2 BOTTOM-UP APPROACH 22
2.4 MARKET FORECAST 23
2.5 ASSUMPTIONS FOR THE STUDY 24
2.6 LIMITATIONS OF THE STUDY 24

3 EXECUTIVE SUMMARY 25

4 PREMIUM INSIGHTS 28
4.1 ATTRACTIVE OPPORTUNITIES IN THE ACCOUNTS PAYABLE AUTOMATION MARKET 28
4.2 ACCOUNTS PAYABLE AUTOMATION MARKET IN NORTH AMERICA, BY VERTICAL AND COUNTRY 29
4.3 ACCOUNTS PAYABLE AUTOMATION MARKET: MAJOR COUNTRIES 29

5 MARKET OVERVIEW AND INDUSTRY TRENDS 30
5.1 INTRODUCTION 30
5.2 MARKET DYNAMICS 30
5.2.1 DRIVERS 31
5.2.1.1 Growing need to accelerate payment process and reduce invoice processing time 31
5.2.1.2 Increasing demand to reduce the number of delayed payments and improve the compliance rate 31
5.2.1.3 To control user access and credentials leading to reduced fraudulent transactions 31
5.2.2 RESTRAINTS 32
5.2.2.1 Insufficient data encryption and security 32
5.2.3 OPPORTUNITIES 32
5.2.3.1 Emergence of ML and RPA technology to handle repetitive and labor-intensive task 32
5.2.4 CHALLENGES 32
5.2.4.1 Lack of technical skills and digital literacy in emerging countries 32
5.2.4.2 Complicated billing approval process 32
5.3 USE CASES 33
5.3.1 USE CASE: SCENARIO 1 33
5.3.2 USE CASE: SCENARIO 2 33
5.3.3 USE CASE: SCENARIO 3 34
5.3.4 USE CASE: SCENARIO 4 35

6 ACCOUNTS PAYABLE AUTOMATION MARKET, BY COMPONENT 36
6.1 INTRODUCTION 37
6.2 SOLUTION 38
6.2.1 GROWING FOCUS OF ORGANIZATIONS TO IMPROVE AND AUTOMATE PAYABLE PROCESSES TO DRIVE THE DEMAND FOR ACCOUNTS PAYABLE AUTOMATION SOLUTION 38
6.3 SERVICES 39
6.3.1 PROFESSIONAL SERVICES 40
6.3.1.1 Technicalities involved in implementing the accounts payable automation solution to boost professional services 40
6.3.2 IMPLEMENTATION AND INTEGRATION 41
6.3.2.1 Growing demand for integrating the accounts payable automation solution with other software to drive the growth of implementation and integration services 41
6.3.3 ADVISORY 41
6.3.3.1 Increasing shift toward the digital payment system to drive the demand for advisory services in the accounts payable automation market 41
6.3.4 SUPPORT AND MAINTENANCE 42
6.3.4.1 Growing demand for on-time assistance for payment issues to spur the demand for support and maintenance services 42
6.3.5 MANAGED SERVICES 43
6.3.5.1 Increasing deployment of the accounts payable management solution to create the need for managed services to handle complex payable processes 43
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7 ACCOUNTS PAYABLE AUTOMATION MARKET, BY ORGANIZATION SIZE 44
7.1 INTRODUCTION 45
7.2 LARGE ENTERPRISES 46
7.2.1 CUSTOMIZATION OF THE PAYABLE WORKFLOW AS PER BUSINESS REQUIREMENTS INCREASES THE DEMAND FOR AUTOMATED SOLUTIONS DRIVING THE ADOPTION OF THE ACCOUNTS PAYABLE AUTOMATION SOLUTION AMONG LARGE ENTERPRISES 46
7.3 SMALL AND MEDIUM-SIZED ENTERPRISES 47
7.3.1 NEED FOR COST-EFFECTIVE SOLUTIONS TO DRIVE THE GROWTH OF THE ACCOUNTS PAYABLE AUTOMATION SOLUTION ACROSS SMALL AND MEDIUM-SIZED ENTERPRISES 47

8 ACCOUNTS PAYABLE AUTOMATION MARKET, BY DEPLOYMENT TYPE 48
8.1 INTRODUCTION 49
8.2 ON-PREMISES 50
8.2.1 DATA SENSITIVE ORGANIZATIONS OPT FOR THE ON-PREMISES ACCOUNTS PAYABLE AUTOMATION SOLUTION 50
8.3 CLOUD 50
8.3.1 SCALABILITY AND EASE OF DEPLOYMENT TO BOOST THE ADOPTION OF THE CLOUD ACCOUNTS PAYABLE AUTOMATION SOLUTION 50

9 ACCOUNTS PAYABLE AUTOMATION MARKET, BY VERTICAL 52
9.1 INTRODUCTION 53
9.2 CONSUMER GOODS AND RETAIL 54
9.2.1 GROWING ADOPTION OF ACCOUNTS PAYABLE AUTOMATION TO HELP REDUCE COSTS AND OPTIMIZE EFFICIENCY AND STREAMLINE BACK-OFFICE FUNCTIONS IN CONSUMER GOODS AND RETAIL VERTICAL 54
9.3 BANKING, FINANCIAL SERVICES, AND INSURANCE 55
9.3.1 FOCUS ON AUTOMATED ACCOUNTS PAYABLE SOFTWARE TO MAXIMIZE STAFF PRODUCTIVITY AND SAVE THE TIME OF PERSONNEL IN THE BFSI VERTICAL 55
9.4 IT AND TELECOM 56
9.4.1 STREAMLINING OF BUSINESS PROCESSES BY AUTOMATED ACCOUNTS PAYABLE PLATFORMS TO BE CRUCIAL FOR IT AND TELECOM COMPANIES 56
9.5 MANUFACTURING 57
9.5.1 AUTOMATING THE ACCOUNTS PAYABLE PROCESS TO HELP IN SAVING TIME AND MAINTAINING DATA ACCURACY WHILE DIGITALIZING THE INVOICE WORKFLOW 57
9.6 HEALTHCARE 58
9.6.1 NEED TO MAINTAIN CONSISTENCY IN BILL GENERATION AND PAYMENT PROCESS TO BOOST THE GROWTH OF THE ACCOUNTS PAYABLE AUTOMATION MARKET IN THE HEALTHCARE VERTICAL 58
9.7 ENERGY AND UTILITIES 59
9.7.1 GROWING DEMAND FOR ACCOUNTS PAYABLE AUTOMATION SOLUTION TO TRACK WORK ORDER AND MANAGE PAYROLL IN THE ENERGY AND UTILITIES VERTICAL 59
9.8 OTHERS 60

10 ACCOUNTS PAYABLE AUTOMATION MARKET, BY REGION 61
10.1 INTRODUCTION 62
10.2 NORTH AMERICA 63
10.2.1 INCREASING ECOMMERCE TREND AND AUTOMATED INVOICING SYSTEMS TO FUEL THE GROWTH OF AP AUTOMATION IN NORTH AMERICA 63
10.3 EUROPE 66
10.3.1 TRANSFORMATION OF TRADITIONAL PAPER BASED INVOICING TO ELECTRONIC INVOICING TO DRIVE THE GROWTH OF AP AUTOMATION MARKET IN EUROPE 66
10.4 ASIA PACIFIC 69
10.4.1 ENTERPRISES OPERATING IN APAC REGION ARE DEPLOYING AP AUTOMATION SOLUTION TO SPEED UP PAYABLE PROCESS 69
10.5 MIDDLE EAST AND AFRICA 73
10.5.1 GOVERNMENT REGULATION TO SUPPORT INNOVATION IN THE FINANCE SPACE IS CONTRIBUTING TO THE ADOPTION OF AP AUTOMATION SOLUTION IN THE REGION 73
10.6 LATIN AMERICA 76
10.6.1 TREMENDOUS INCREASE IN NUMBER OF FINTECH STARTUPS IS EXPECTED TO BOOST THE GROWTH OF AP AUTOMATION MARKET IN THE REGION 76

11 COMPETITIVE LANDSCAPE 80
11.1 INTRODUCTION 80
11.2 COMPETITIVE LEADERSHIP MAPPING 81
11.2.1 VISIONARY LEADERS 81
11.2.2 INNOVATORS 81
11.2.3 DYNAMIC DIFFERENTIATORS 81
11.2.4 EMERGING COMPANIES 81
11.3 COMPETITIVE SCENARIO 82
11.3.1 PRODUCT/SOLUTION LAUNCHES AND ENHANCEMENTS 83
11.3.2 BUSINESS EXPANSIONS 84
11.3.3 PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS 85

12 COMPANY PROFILES 86
12.1 INTRODUCTION 86
(Business Overview, Products, Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
12.2 SAP ARIBA 87
12.3 SAGE 90
12.4 TIPALTI 92
12.5 FRESHBOOKS 94
12.6 FIS 96
12.7 ZYCUS 99
12.8 BOTTOMLINE TECHNOLOGIES 101
12.9 COUPA SOFTWARE 104
12.10 COMARCH 108
12.11 FINANCIALFORCE 111
12.12 AVIDXCHANGE 111
12.13 VANGUARD SYSTEMS 112
12.14 BILL.COM 112
12.15 PROCURIFY 113
12.16 NVOICEPAY 113
*Details on Business Overview, Products, Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
13 APPENDIX 114
13.1 DISCUSSION GUIDE 114
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS? SUBSCRIPTION PORTAL 118
13.3 AVAILABLE CUSTOMIZATIONS 120
13.4 RELATED REPORTS 120
13.5 AUTHOR DETAILS 121



List of Figures



FIGURE 1 ACCOUNTS PAYABLE AUTOMATION MARKET: RESEARCH DESIGN 19
FIGURE 2 ACCOUNTS PAYABLE AUTOMATION MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES 22
FIGURE 3 ASIA PACIFIC TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 26
FIGURE 4 SEGMENTS WITH THE HIGHEST MARKET SHARES IN 2019 27
FIGURE 5 BANKING, FINANCIAL SERVICES, AND INSURANCE VERTICAL TO ACCOUNT FOR THE HIGHEST MARKET SHARE IN 2019 27
FIGURE 6 GROWING NEED TO OPTIMIZE OPERATIONAL EFFICIENCY AND GAIN BETTER CONTROL ON PAYMENT PROCESSES TO DRIVE THE ACCOUNTS PAYABLE AUTOMATION MARKET DURING THE FORECAST PERIOD 28
FIGURE 7 IT AND TELECOM VERTICAL AND UNITED STATES TO DOMINATE THE NORTH AMERICAN ACCOUNTS PAYABLE AUTOMATION MARKET IN 2019 29
FIGURE 8 INDIA TO GROW AT THE HIGHEST CAGR IN THE ACCOUNTS PAYABLE AUTOMATION MARKET DURING THE FORECAST PERIOD 29
FIGURE 9 ACCOUNTS PAYABLE AUTOMATION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 30
FIGURE 10 SERVICES SEGMENT TO GROW AT A HIGHER CAGR DURING
THE FORECAST PERIOD 37
FIGURE 11 MANAGED SERVICES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 39
FIGURE 12 IMPLEMENTATION AND INTEGRATION SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 40
FIGURE 13 SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 45
FIGURE 14 CLOUD SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 49
FIGURE 15 CONSUMER GOODS AND RETAIL VERTICAL TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 53
FIGURE 16 ASIA PACIFIC TO WITNESS THE HIGHEST GROWTH DURING THE FORECAST PERIOD 62
FIGURE 17 NORTH AMERICA: MARKET SNAPSHOT 63
FIGURE 18 ASIA PACIFIC: MARKET SNAPSHOT 70
FIGURE 19 KEY DEVELOPMENTS IN THE ACCOUNTS PAYABLE AUTOMATION MARKET 2017–2019 80
FIGURE 20 ACCOUNTS PAYABLE AUTOMATION MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019 82
FIGURE 21 GEOGRAPHIC REVENUE MIX OF THE TOP MARKET PLAYERS 86
FIGURE 22 SAP ARIBA: SWOT ANALYSIS 89
FIGURE 23 SAGE: COMPANY SNAPSHOT 90
FIGURE 24 FIS: COMPANY SNAPSHOT 96
FIGURE 25 FIS: SWOT ANALYSIS 98
FIGURE 26 BOTTOMLINE TECHNOLOGIES: COMPANY SNAPSHOT 101
FIGURE 27 BOTTOMLINE TECHNOLOGIES: SWOT ANALYSIS 103
FIGURE 28 COUPA SOFTWARE: COMPANY SNAPSHOT 104
FIGURE 29 COUPA SOFTWARE: SWOT ANALYSIS 106
FIGURE 30 COMARCH: COMPANY SNAPSHOT 108
FIGURE 31 COMARCH: SWOT ANALYSIS 110

 

List of Tables



TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2016–2018 17
TABLE 2 FACTOR ANALYSIS 23
TABLE 3 ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 37
TABLE 4 SOLUTION: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 38
TABLE 5 SERVICES: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY TYPE 2017–2024 (USD MILLION) 39
TABLE 6 PROFESSIONAL SERVICES: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY TYPE, 2017–2024 (USD MILLION) 40
TABLE 7 INTEGRATION AND IMPLEMENTATION SERVICES MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 41
TABLE 8 ADVISORY SERVICES MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 42
TABLE 9 SUPPORT AND MAINTENANCE SERVICES MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 42
TABLE 10 MANAGED SERVICES MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 43
TABLE 11 ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY ORGANIZATION SIZE 2017–2024 (USD MILLION) 45
TABLE 12 LARGE ENTERPRISES: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY REGION, 2017–2024 (USD MILLION) 46
TABLE 13 SMALL AND MEDIUM-SIZED ENTERPRISES: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 47
TABLE 14 ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY DEPLOYMENT TYPE 2017–2024 (USD MILLION) 49
TABLE 15 ON-PREMISES: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 50
TABLE 16 CLOUD: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 51
TABLE 17 ACCOUNTS PAYABLE AUTOMATION MARKET, BY VERTICAL 2017–2024 (USD MILLION) 54
TABLE 18 CONSUMER GOODS AND RETAIL: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 55
TABLE 19 BANKING, FINANCIAL SERVICES, AND INSURANCE: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 55
TABLE 20 IT AND TELECOM: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY REGION, 2017–2024 (USD MILLION) 56
TABLE 21 MANUFACTURING: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY REGION, 2017–2024 (USD MILLION) 57
TABLE 22 HEALTHCARE: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY REGION, 2017–2024 (USD MILLION) 58
TABLE 23 ENERGY AND UTILITIES: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY REGION, 2017–2024 (USD MILLION) 59
TABLE 24 OTHERS: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 60
TABLE 25 ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 62
TABLE 26 NORTH AMERICA: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY COMPONENT, 2017–2024 (USD MILLION) 64
TABLE 27 NORTH AMERICA: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY SERVICE TYPE, 2017–2024 (USD MILLION) 64
TABLE 28 NORTH AMERICA: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY PROFESSIONAL SERVICE, 2017–2024 (USD MILLION) 64
TABLE 29 NORTH AMERICA: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY ORGANIZATION SIZE, 2017–2024 (USD MILLION) 65
TABLE 30 NORTH AMERICA: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY DEPLOYMENT TYPE, 2017–2024 (USD MILLION) 65
TABLE 31 NORTH AMERICA: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY VERTICAL, 2017–2024 (USD MILLION) 65
TABLE 32 NORTH AMERICA: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION) 66
TABLE 33 EUROPE: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION) 66
TABLE 34 EUROPE: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY SERVICE TYPE, 2017–2024 (USD MILLION) 67
TABLE 35 EUROPE: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY PROFESSIONAL SERVICE, 2017–2024 (USD MILLION) 67
TABLE 36 EUROPE: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY ORGANIZATION SIZE, 2017–2024 (USD MILLION) 68
TABLE 37 EUROPE: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY DEPLOYMENT TYPE, 2017–2024 (USD MILLION) 68
TABLE 38 EUROPE: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY VERTICAL 2017–2024 (USD MILLION) 68
TABLE 39 EUROPE: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 69
TABLE 40 ASIA PACIFIC: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION) 70
TABLE 41 ASIA PACIFIC: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY SERVICE TYPE, 2017–2024 (USD MILLION) 71
TABLE 42 ASIA PACIFIC: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY PROFESSIONAL SERVICE, 2017–2024 (USD MILLION) 71
TABLE 43 ASIA PACIFIC: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY ORGANIZATION SIZE, 2017–2024 (USD MILLION) 71
TABLE 44 ASIA PACIFIC: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY DEPLOYMENT TYPE, 2017–2024 (USD MILLION) 72
TABLE 45 ASIA PACIFIC: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY VERTICAL, 2017–2024 (USD MILLION) 72
TABLE 46 ASIA PACIFIC: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION) 73
TABLE 47 MIDDLE EAST AND AFRICA: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY COMPONENT, 2017–2024 (USD MILLION) 73
TABLE 48 MIDDLE EAST AND AFRICA: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY SERVICE TYPE, 2017–2024 (USD MILLION) 74
TABLE 49 MIDDLE EAST AND AFRICA: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY PROFESSIONAL SERVICE, 2017–2024 (USD MILLION) 74
TABLE 50 MIDDLE EAST AND AFRICA: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY ORGANIZATION SIZE, 2017–2024 (USD MILLION) 74
TABLE 51 MIDDLE EAST AND AFRICA: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY DEPLOYMENT TYPE, 2017–2024 (USD MILLION) 75
TABLE 52 MIDDLE EAST AND AFRICA: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY VERTICAL, 2017–2024 (USD MILLION) 75
TABLE 53 MIDDLE EAST AND AFRICA: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY COUNTRY, 2017–2024 (USD MILLION) 76
TABLE 54 LATIN AMERICA: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY COMPONENT, 2017–2024 (USD MILLION) 76
TABLE 55 LATIN AMERICA: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY SERVICE TYPE, 2017–2024 (USD MILLION) 77
TABLE 56 LATIN AMERICA: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY PROFESSIONAL SERVICE, 2017–2024 (USD MILLION) 77
TABLE 57 LATIN AMERICA: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY ORGANIZATION SIZE, 2017–2024 (USD MILLION) 77
TABLE 58 LATIN AMERICA: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY DEPLOYMENT TYPE, 2017–2024 (USD MILLION) 78
TABLE 59 LATIN AMERICA: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY VERTICAL, 2017–2024 (USD MILLION) 78
TABLE 60 LATIN AMERICA: ACCOUNTS PAYABLE AUTOMATION MARKET SIZE BY COUNTRY, 2017–2024 (USD MILLION) 79
TABLE 61 PRODUCT/SOLUTION LAUNCHES AND ENHANCEMENTS, 2017–2019 83
TABLE 62 BUSINESS EXPANSIONS, 2017–2018 84
TABLE 63 PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS, 2018–2019 85