We’re thrilled to announce that Chrome River Invoice has been recognized by global analyst IDC as a Leader in its MarketScape for Enterprise Accounts Payable Automation Software. This follows Chrome River Expense being recognized last year as a Leader in its MarketScape for Enterprise Expense Automation Software.
Chrome River is the only solution recognized as a Leader in both expense automation and AP automation by IDC. We think that’s a pretty big deal.
This accolade reinforces what we have known for a long time: if you are a large or global organization looking for a sophisticated AP automation solution - especially one that works seamlessly alongside your expense management software - Chrome River Invoice must be on your shortlist.
Chrome River Invoice was positioned as a Leader for large enterprise deployments, based on a thorough review of the solution’s technology capabilities, product features, and professional services. IDC analysts also spoke with a number of Chrome River’s customers as part of the assessment process. The IDC MarketScape noted that the solution “can serve companies operating in very complex environments,” and that its functionality “is a good fit for multinational organizations, multi-entity, multiple general ledgers, and multilanguage companies.
According to the report’s author, IDC senior analyst Kevin Permenter, “Chrome River is well known within the travel and expense market and Emburse was recognized as a Leader in the 2019 IDC MarketScape: Worldwide SaaS and Cloud-Enabled Enterprise Travel and Expense Management Applications. Now that its Invoice solution has similarly been positioned as a Leader in this year’s IDC MarketScape for Accounts Payable Automation, we believe that large or international firms with complex expense and AP management requirements should certainly consider the solution.”
This type of recognition from third party analysts is very important, as it validates our strategy, innovation, and our products’ capabilities. It reinforces that we deliver AP automation solutions that offer real and tangible benefits to our customers, as was highlighted during the transition to working from home earlier this year.
Please click here to download a copy of the IDC MarketScape for Worldwide SaaS and Cloud-enabled Enterprise Accounts Payable Automation Software.
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- Driving Success With Automation Part 1: 4 Common AP Management Bottlenecks
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Our choice of Chrome River EXPENSE was made in part due to the very user-friendly interface, easy configurability, and the clear commitment to impactful customer service – all aspects in which Chrome River was the clear winner. While Chrome River is not as large as some of the other vendors we considered, we found that to be a benefit and our due diligence showed that it could support us as well as any large players in the space, along with a personalized level of customer care.
We are excited to be able to enforce much more stringent compliance to our expense guidelines and significantly enhance our expense reporting and analytics. By automating these processes, we will be able to free up AP time formerly spent on manual administrative tasks, and enhance the role by being much more strategic.