Demand for Procurement Software Increasing in 2010

Demand for Procurement Software Increasing in 2010

Posted by Pete Loughlin in Procurement Software 01 Apr 2010

Purchase to Pay, P2PAccording to Forrester, reported by Purchasing.com, spend on procurement software will increase markedly in 2010 following a stagnant 2009. The areas high-lighted to enjoy increased revenue are:

  • Supplier Risk and Performance Management
  • Automated spend analysis
  • Contract Life-cycle Management
  • Services Procurement
  • Supplier Networks

Consolidation in the Procurement Software Market

There is also talk of acquisitions with SAP, Oracle, Ariba, Basware, BravoSolution and Emptoris all identified as potential suitors.

Looks like it’s going to be an interesting year.



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