xSuite Bolsters SAP Automation Capabilities with tangro Acquisition

⇨ xSuite recently announced that it has completed an acquisition of accounts payable invoice automation specialist organization tangro.

⇨ xSuite aims to expand its Order-to-Cash and Purchase-to-Pay offerings, boosting business process automation capabilities to a global customer base.

⇨ The acquisition of tangro comes at a time when SAP organizations are looking to infuse automation into their essential finance processes.

xSuite recently announced that it has completed an acquisition of accounts payable invoice automation specialist organization tangro, pending approval by regulatory authorities. The agreement specifically seeks to strengthen xSuite’s ability to offer automation capabilities within the SAP ecosystem.

With tangro, xSuite aims to expand its Order-to-Cash and Purchase-to-Pay offerings, boosting business process automation capabilities to a global customer base. For over 25 years, tangro has worked to help companies automate their document processing workflows.

“The acquisition of tangro is an important step for xSuite Group to strategically expand our solution offering and further strengthen our position as a leading provider in the field of digital business process management. We look forward to working with the tangro team and shaping the future of the SAP environment together with strong innovations. The partnership is a clear landmark of the success-driven ambition and commitment of both companies to align their product portfolios optimally with the needs and requirements of their customers,” said xSuite Group CEO Matthias Lemenkühler in a press release.

The acquisition is specifically geared toward providing SAP organizations with an improved automation portfolio. The companies have years of experience working with the SAP landscape and have developed SAP-certified solutions, offering users greater integration capabilities.

Meeting the Market

The xSuite Group’s acquisition of tangro comes at a time when SAP organizations are looking to infuse automation into their essential finance processes. More than half of companies surveyed in SAPinsider’s AI and Automation in Finance Benchmark Report said that the complexity of business and operational change was a major barrier to implementing automation solutions. Yet a large share of these companies still want to infuse automation into essential financial workflows like Order-to-Cash and Purchase-to-Pay.

To help alleviate issues like these, xSuite and tangro have worked to develop solutions that seamlessly integrate into SAP systems. As companies make the transition to SAP S/4HANA, they are keen to take advantage of solutions like those from xSuite to reduce the risk of manual errors, eliminate time-consuming tasks with automation, and free up finance and accounting teams to add value to their organizations.