QYResearch: Global SaaS-Based Expense Management Market will reach 2780 M USD by 2022

Author: Che Hewei

Company: QYResearch Center

Expense management refers to the systems deployed by a business to process, pay, and audit employee-initiated expenses. These costs include, but are not limited to, expenses incurred for travel and entertainment. Expense management includes the policies and procedures which govern such spending, as well as the technologies and services utilized to process and analyze the data associated with it. SaaS-Based Expense Management has the following advantages over traditional Expense Management software: Reduced time to benefit, Lower costs, Scalability and integration, New releases and Easy to use and perform proof of concepts.

In recent years, SAP acquired Ariba and Concur, become the undisputed leading player, IBM is constantly strengthening cooperation with SAP, Oracle acquired NetSuite, K1 Investment Management combined Certify, Nexonia, ExpenseWatch and Tallie to create the largest independent company.

The "2017-2022 SaaS-Based Expense Management Report on Global and United States Market, Status and Forecast, by Players, Types and Applications" released by QYResearch shows that the sales revenue of SaaS-Based Expense Management is about 1733 M USD in 2016 all around the world. And the SaaS-Based Expense Management market will reach 2780 M USD by 2022, with a CAGR 7.98% (2017-2022). North America, Europe and Asia-Pacific are remarkable in the global SaaS-Based Expense Management market because of their economic status and technology status of SaaS-Based Expense Management.

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