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Global Financial Reporting Software Category - Procurement Market Intelligence Report

Global Financial Reporting Software Category - Procurement Market Intelligence Report

About Financial Reporting Software Market

The banking and the financial services sector is the major buyer of financial reporting software. According to SpendEdge analysts, one of the key growth contributors for the growth of this category is the increase in regulatory requirements due to major financial debacles around the world. Financial reporting software helps these firms to remove the risks surrounding regulatory compliance and reduce their compliance costs.

Covered in this report

The report provides actionable insights to improve source-to-contract cycle performance in the Global Financial Reporting Software Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.

SpendEdge’s report, Global Financial Reporting Software Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.

Category driver

  • Increase in regulatory requirements


  • For a full, detailed list, view our report
Category constraints
  • Concerns regarding data privacy and security
  • For a full, detailed list, view our report
Procurement best practices
  • Exhaustive estimation of the total cost


  • For a full, detailed list, view our report
Key questions answered in this report
  • What are the market dynamics?
  • What are the key market trends?
  • What are the category growth drivers?
  • What are the constraints to category growth?
  • Who are the suppliers in this market?
  • What are the demand-supply shifts?
  • What are the major category requirements?
  • What are the procurement best practices in this market?


Press Release

SpendEdge Announces the Publication of its Procurement Research Report – Global Financial Reporting Software Category - Procurement Market Intelligence Report 2017-2021.

SpendEdge recognizes the following companies as the key suppliers in the Global Financial Reporting Software Category - Procurement Market Intelligence Report: SAP, Oracle, IBM, Wolters Kluwer, and SAS.

Commenting on the report, an analyst from SpendEdge said: “A key strategy adopted by procurement managers in this market space is to ask for an exhaustive estimation of the total cost of ownership. An estimation of the total cost of ownership allows the buyer to take measures to mitigate these costs actively.”

According to the report, one of the key growth contributors for the growth of this category is the increase in regulatory requirements due to major financial debacles around the world. Financial reporting software helps these firms to remove the risks surrounding regulatory compliance and reduce their compliance costs.

Further, the report states that a major procurement challenge faced by the buyers is data privacy and security. Therefore the buyers must evaluate the security measures of the supplier, using the cloud controls matrix developed by the Cloud Security Alliance to counter this specific procurement pain point.

Companies Mentioned

SAP, Oracle, IBM, Wolters Kluwer, and SAS.

PART 1: CATEGORY AT A GLANCE
TAKEAWAY 01 | Market Overview
TAKEAWAY 02 | Demand and Supply Snapshot
TAKEAWAY 03 | Key Market Dynamics
TAKEAWAY 04 | Supply Market Highlights
TAKEAWAY 05 | Pricing Insights
TAKEAWAY 06 | Procurement Insights
PART 2: SCOPE OF THE REPORT
Category Definition
Research Methodology
PART 3: MARKET INSIGHTS
Category Spend Analysis
Category Maturity by Regions
Demand-Supply Shifts
Regional Demand-Supply Snapshot
Global Molasses Production Hubs
Market Developments
Regional Impact of Trends
Key Category Growth Drivers and Corresponding Regional Impacts
Major Category Growth Constraints and Corresponding Regional Impacts
Key Current Technological Innovations
Major Regulatory Frameworks
Strategic Sustainability Practices
Porter’s Five Forces
PESTLE Analysis
PART 4: SUPPLY MARKET INSIGHTS
Supplier Operational Capability Matrix
Other Prominent Suppliers by Region: Operational Capability Matrix
Supplier Functional Capability Matrix
Other Prominent Suppliers by Region: Functional Capability Matrix
Key Clients/Partners
Supplier Cost Breakup
Supplier Positioning Matrix
PART 5: PRICING INSIGHTS
Pricing Models Snapshot
Pricing Models – Pros and Cons
Indicative Pricing
PART 6: PROCUREMENT INSIGHTS
Major Category Requirements
Major Procurement Pain Points
Category Sourcing Evolution Matrix
Procurement Best Practices
Cost-saving Opportunities
Supplier Selection Criteria
Category Negotiation Strategies
SLA Terms
Supplier Evaluation Criteria
Category Risk Analysis
PART 7: TOP FIVE SUPPLIERS
SAP
Oracle
IBM
Wolters Kluwer
SAS
PART 8: APPENDIX
Glossary
Key Notes
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