Serrala recognized in Gartner® Hype Cycle™ for Procurement and Sourcing Solutions 2021

We are excited to announce that Serrala has been acknowledged as a Sample Vendor for our solutions for Cash Management and AP Invoice Automation in Gartner Hype Cycle for Procurement and Sourcing Solutions, 2021. ¹ The benefits rating for both of these two solution areas is stated to be “high” in this report.

“In our opinion, the fact that the benefits rating for our solutions is stated to be “high” shows once again that our innovative approach is exactly the right way to deliver future-proof financial automation solutions. With our Cash Management and AP Invoice Automation solutions, our customers can significantly improve their business results and position themselves for the future”, said Christoph Dubies, Chief Operating Officer at Serrala.

According to this Hype Cycle report “application leaders modernizing their organization’s procurement and sourcing processes can use this Hype Cycle to understand the maturity and benefits of a range of technologies. It will also help them justify and prioritize investments in core applications versus emerging and innovative solutions.” ¹

According to Gartner, “Effective cash management is the lifeblood of every organization.” ¹ Offering full flexibility in SAP and the cloud, Serrala enables customers to incorporate all cash-relevant data from multiple sources into one single source of truth. Our global Cash Visibility Hub integrates both internal and external data sources into a centralized view for 100% cash visibility.

Serrala AP Automation solutions digitize invoice processing to improve speed, accuracy and transparency, completely automating it from the moment invoices are received to the moment they are paid. Gartner states, “Customer use cases have evolved well beyond simple document digitization and approval, forcing organizations to upgrade to solutions that solve modern problems. Government digital invoice legislation will force the technology to evolve as e-invoicing becomes mandatory in more countries.” ¹

As an end-to-end provider, Serrala is a leading fintech pushing the boundaries of finance software by integrating finance and treasury into one central ecosystem for corporate payments.

[1] Gartner “Hype Cycle for Procurement and Sourcing Solutions, 2021”, Patrick Connaughton, Kaitlynn Sommers, Micky Keck, William McNeill, August 10, 2021, can be found here.

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