OpusCapita Recognized in the 2018 Gartner Magic Quadrant for Procure-to-Pay Suites
August 10, 2018
OpusCapita has been recognized in Gartner’s 2018 Magic Quadrant for Procure-to-Pay Suites*. Gartner positioned OpusCapita in the “Niche Players” quadrant. This is the first time that Gartner, the leading research and advisory company, has included OpusCapita in a Magic Quadrant.
“We are excited to appear in the Magic Quadrant and to be recognized by Gartner in the Procure-to-Pay market. In our view, this recognition validates our strategy and continued passion to develop a unified platform enabling the digitalization and automation of procurement, accounts payable, and cash management,” states Patrik Sallner, CEO, OpusCapita.
“During the last two years, OpusCapita has undergone a major transformation. Today we have a sharp customer focus, and we are fully concentrated on supporting our customers in the digitalization of their procurement and finance processes. We believe that to be selected by Gartner to the Magic Quadrant is an achievement of our determined work and affirms our mission,” Sallner continues.
The P2P market is growing rapidly
Gartner predicts that “by 2025, over half of the global midmarket and large enterprises will have deployed Procure-to-Pay Suites via a cloud delivery model”. Also, Gartner estimates that “the overall market for P2P software (including both on-premises and cloud/SaaS solutions) reached $2.4 billion in 2017”. Gartner forecasts “it to grow to $3.2 billion by year-end 2020, with a CAGR of 10%.”
The Gartner Magic Quadrant for Procure-to-Pay Suites evaluated 15 global suppliers, including OpusCapita. The vendor evaluation is based on information from many sources, including interviews with reference clients.
“Our customers benefit from our broad, end-to-end approach that reaches beyond the traditional P2P offering. We have strong capabilities in payments and cash management, as well as in catalog management and ordering, which allows us to offer value not only to procurement but also to treasury and accounts payable,” says Patrik Sallner.
“We value greatly all feedback coming directly from our customers. We are happy to announce that we have already launched a Customer Success Management initiative, focusing on improving customer experience, and in the last year, we have invested heavily to our customer service and redesigned our software for better usability,” Sallner continues.
Growing market presence
“Although we are not yet widely known outside Europe, our market presence is growing. We have, for instance, a solid customer base in industries where Maintenance, Repair and Operations (MRO) procurement is required, and we are already processing over 100 billion euros in payments in our cash management platform,” Patrik Sallner states.
Gartner listed the top 10 factors that influence the selection of a P2P suite solution, such as functionality and the broader, integrated product offering, ease of use, the ability to tailor the solution to customers’ needs, and the total cost of ownership.
“OpusCapita capabilities are in line with these market demands, which we believe makes us well positioned to become one of the leading players in our field,” Sallner states.
* Gartner: Magic Quadrant for Procure-to-Pay Suites, by Desere Edwards, William McNeill, Magnus Bergfors, Patrick M Connaughton, Kaitlynn N. Sommers. Published 29 May 2018.
About the Magic Quadrant
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