SAN FRANCISCO--(BUSINESS WIRE)--Airbase, the fast-growing and top-ranked spend management solution, has announced that it has been named a Customer Leader in Spend Matters’ most recent release of its AP Automation/Invoice-to-Pay (AP/I2P) SolutionMap benchmark report. Airbase was evaluated against over 70 procurement technology vendors in a rigorous analysis and, in only its second time on the SolutionMap, became a customer leader.
Spend Matters’ data-centric functionality assessment is a meticulous evaluation of vendors’ capabilities. It ranks solution providers using equal parts analyst- and customer-based scoring, and contains 500+ RFI requirements across 10 source-to-pay (S2P) modules and suite technology categories. SolutionMap is updated and published every six months.
“For our team, our customers always come first. This boost in the SolutionMap ranking tells us that our customers and the market experts over at Spend Matters agree. We’ve got some really exciting things coming as our team works to continually innovate on our spend management platform,” said Thejo Kote, Founder and CEO at Airbase.
“Being included in this deep dive quadrant shows modern spend management is moving into the procurement space, and Airbase's customer-driven approach to solving procurement problems is clearly being recognized by its users.”
The value of consulting SolutionMap for practitioners, leaders, investors, and consultants was highlighted by Nick Heinzmann, Spend Matters VP of Research, when he said:
“Given the rate of economic and geopolitical upheaval in 2022, the procurement technology market has only accelerated its pace of innovation to keep up with customers’ evolving needs. Our Fall 2022 SolutionMap results underline this point, as vendors step up to the challenges of a volatile business environment with new capabilities and partnerships.”
Airbase consistently receives accolades from customers. This year Airbase was ranked the #1 spend management company in G2’s Summer 2022 Grid® Reports, and was named a top-rated product in Software Advice’s FrontRunners Report for Online Accounting Software.
The company is seeing fast growth and has a reputation for fast innovation. It was named one of the Red Herring Top 100 Companies for 2022 in October, and Airbase also picked up the Finovate Award for Best Enterprise Payments Solution in September.
About Airbase:
Airbase is the #1 spend management platform. It combines all-inclusive accounts payable automation, software-enabled corporate cards, and simplified employee expense reimbursements. Airbase applies consistent approval workflows across all areas, automates accounting, and provides real-time reporting for all non-payroll spend. Innovative accounting automation results in a faster close, better visibility, and true control. Most companies rely on a combination of siloed software products, spreadsheets, and manual workarounds to pay vendors and reimburse employees. Airbase eliminates the resulting messy tech stack and inefficient processes by replacing products like Expensify and Bill.com. Airbase empowers employees with a uniform approach to spending money, whether that involves corporate card spend, raising a PO, or requesting reimbursement.
About Spend Matters — Solution Intelligence for Procurement:
Spend Matters started as the first blog and social media site in the procurement and supply chain sector and has since grown into the leading source for data-backed technology and solutions intelligence. Serving private and public sector organizations, consultants, private equity and services and solution providers, Spend Matters drives strategic technology purchasing decisions and superior marketing, product, sales and investment outcomes for clients. Spend Matters is the only tech-enabled, proprietary data platform with exclusive IP that serves the global procurement, finance, and supply chain technology ecosystem.
