What are our data sources?
We use the data sources on the side for ranking solutions and awarding badges in spend management software category. Our data sources in spend management software category include;
Spend management software enables businesses to track and control every expenditure of the company. Core features of spend management software are:
AIMultiple is data driven. Evaluate 54 services based on
comprehensive, transparent and objective AIMultiple scores.
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calculated based on objective data.
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KiSSFLOW is a workflow tool & business process workflow management software to automate your workflow process.
We use the data sources on the side for ranking solutions and awarding badges in spend management software category. Our data sources in spend management software category include;
review websites
social media websites
search engine data for branded queries
According to the weighted combination of 7 data sources
TripActions
Emburse
SAP Concur
Ramp
Divvy
Taking into account the latest metrics outlined below, these are the current spend management software market leaders. Market leaders are not the overall leaders since market leadership doesn’t take into account growth rate.
TripActions
Emburse
SAP Concur
Ramp
Kissflow
These are the number of queries on search engines which include the brand name of the solution. Compared to other Finance categories, Spend Management Software is more concentrated in terms of top 3 companies’ share of search queries. Top 3 companies receive 56%, 18% more than the average of search queries in this area.
65 employees work for a typical company in this solution category which is 44 more than the number of employees for a typical company in the average solution category.
In most cases, companies need at least 10 employees to serve other businesses with a proven tech product or service. 33 companies with >10 employees are offering spend management software. Top 3 products are developed by companies with a total of 6k employees. The largest company building spend management software is Advanced with more than 2,000 employees.
Taking into account the latest metrics outlined below, these are the fastest growing solutions:
TripActions
Emburse
SAP Concur
Ramp
Divvy
We have analyzed reviews published in the last months. These were published in 4 review platforms as well as vendor websites where the vendor had provided a testimonial from a client whom we could connect to a real person.
These solutions have the best combination of high ratings from reviews and number of reviews when we take into account all their recent reviews.
This data is collected from customer reviews for all Spend Management Software companies. The most positive word describing Spend Management Software is “Easy to use” that is used in 14% of the reviews. The most negative one is “Difficult” with which is used in 3.00% of all the Spend Management Software reviews.
According to customer reviews, most common company size for spend management software customers is 51-1,000 employees. Customers with 51-1,000 employees make up 47% of spend management software customers. For an average Finance solution, customers with 51-1,000 employees make up 39% of total customers.
These scores are the average scores collected from customer reviews for all Spend Management Software. Spend Management Software is most positively evaluated in terms of "Overall" but falls behind in "Likelihood to Recommend".
This category was searched on average for 853 times per month on search engines in 2022. This number has decreased to 808 in 2023. If we compare with other finance solutions, a typical solution was searched 853 times in 2022 and this decreased to 808 in 2023.