OpusCapita Acquires jCatalog, Expanding P2P Capabilities in Nordics and Europe

Just yesterday, Finland-based OpusCapita, Nordic market leader in eInvoicing, P2P and financial processes, announced it would acquire Germany-based catalog management and procurement specialist jCatalog. Jason Busch for our US site was hot-off-the-press with the announcement here, with Spend Matters market analysis of the event.

There will be more indepth coverage in an upcoming Spend Matter PRO piece, but initially Jason pulls out three key consequences:

"The e-invoicing, procure-to-pay (P2P) and trade financing markets in the Nordics just got a lot more interesting ... Basware and OpusCapita will increasingly find themselves in competition outside of their historical overlap in Nordic accounts payable automation and e-invoicing accounts ... both have invested materially in trade financing (receivables and payables financing."

"... the solution will give OpusCapita a lot more product than meets the eye. Spend Matters has long been a fan of jCatalog’s products, even if it has not been as well known as its peers, thanks to limited sales and marketing reach."

"... the deal could help cement a broader foundation for OpusCapita to target the pan-European market with an integrated P2P and trade financing capability. (Although we would also recommend that the firm pick up some additional assets to compete more strategically if it is truly interested in having an end-to-end P2P capability that touches all bases for large and middle market clients alike.) ..."

Spend Matters applauds the combination. "We are particularly excited about the increased choice it will give European procurement and finance organizations in selecting the best-fit solutions for their business needs ... " said Jason.

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