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Showing no signs of slowing, a recent Statista report forecasted that the software as a service (SaaS) market is expected to grow at an annual rate of 7.33% (CAGR 2024 – 2028), reaching $374.50 billion by 2028. So, what makes this seemingly straightforward process more complex for SaaS companies?
Collect plan – Starts at $5 per month Control plan – Starts at $9 a month 5. Spendesk Spendesk is a spend management platform that combines company cards, expense reimbursements, and invoiceprocessing in one comprehensive tool. billion by 2028, growing at 11.2%
They route requests to the appropriate stakeholders, track their status, and provide a centralized view of the approval process. Data Workflow Automation: Data automation involves automating the collection, transformation, validation, and integration of data across systems and applications. billion by 2028.
Thanks to AP automation software available to businesses today, many of those manual processes can be automated entirely or at least streamlined by using technology. billion by 2028 , the AP automation market is filled with different SaaS solutions and technology platforms designed to make AP tasks more efficient.
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