In Case You Missed It … P2P Market Roundup

We can't comment on every press release that hits our desks, but here are a few market news stories this week that we thought we should bring to bring to your attention - we'll have more from our analysts in the coming days  ...

Fleetcor Announced It Will Buy Nvoicepay

Fleetcor, a commercial payment (primarily card) solutions provider, “has signed a definitive agreement to acquire Nvoicepay, Inc., a leader in full AP automation for businesses,” says the press release.  Spend Matters Founder Jason Busch said in a brief analysis that this suggests "another case example of card companies seeking to build out total payment solutions, getting closer and closer to accounts payable to influence a larger share of payment flows and direct them their way. These moves provide a broader range of revenue opportunities for payment companies, including vendor-based revenue, something procure-to-pay providers such as Tradeshift and Coupa are also keenly aware of as well ... So why would a corporate card-based payments provider want to get into the deeper world of accounts payable?" he asks. Read his full analysis here.

Certify and Chrome River Join Forces in T&E and Invoice Management 

In a transaction valued at over $1 billion two global leaders in travel, expense and invoice management software are merging to create “the industry’s most comprehensive suite of products for monitoring, managing and analyzing corporate spend,” – the firms will operate separately initially but will collaborate on investing in technology like artificial intelligence, machine learning, analytics and reporting. The combined companies will have more than 11,000 customers across more than 100 countries. See the press release here and our analysts’ comments here.

Avetta - Browz Merger Further Analysis

Following the announcement of the Avetta/Browz merger two weeks ago, our analysts have compiled a three-part series looking in more depth at what this means for the firms and the market at large. The two providers of supplier management and supply chain risk management together will become “one of the clear leaders in perhaps the most ‘under the radar’ procurement solutions market” – says our analyst team. The three-part series covers the solution and market overview, the growth of community-oriented network models and their role in the broader supplier and risk management arena. These are part of our Pro subscription offering but the introductions can be read for free.

Office Depot and Alibaba Collaborate for SME Opportunity

Office Depot, a leading B2B integrated distribution company providing business services and supplies, products and technology solutions, and Alibaba.com, one of the world’s largest B2B trading platforms have announced a strategic collaboration to empower US small and medium-sized businesses to grow by tapping into the global B2B e-commerce marketplace - which was most recently valued at $23.9 trillion. The collaboration will focus on several key areas expected to provide US entrepreneurs and business owners access to a single online destination to access one of the world’s largest catalogues of goods and services across all product categories, says the press release

 

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