The increasing emphasis on converting manual operations into digital ones, automating various Procure-to-Pay (P2P) processes like requisitions, purchasing, and invoicing, and establishing a collaborative environment for verifying supplier compliance and approvals has prompted organizations to make substantial investments in emerging technologies such as AI/ML, blockchain, NLP, and RPA. P2P solution providers are now prioritizing meeting customer demands by optimizing and digitizing tasks such as approval workflows, invoice matching, supplier and employee evaluations, and more.

A Procure-to-Pay (P2P) platform serves as a tool for organizations to effectively manage and streamline the complete procurement lifecycle, encompassing requisitioning, purchasing, payment processing, and accounting for goods and services. This system seamlessly integrates with various cross-functional departments, including procurement, inventory, accounts payable, finance, and others, to offer a centralized and accurate data source.

Download the sample report of Market Share: Procure-to-Pay (P2P)

The following are the key inquiries that this study intends to address:

·       Is the Procure-to-Pay (P2P) market witnessing growth? What are the short-term and long-term growth prospects for the P2P market?

·       What are the primary factors accelerating or impeding the global P2P market?

·       Which industries are the primary users of Procure-to-Pay (P2P) platforms, and which sectors hold the most promising growth opportunities in the foreseeable future?

·       Which global regions offer the greatest potential for growth in the Procure-to-Pay (P2P) market?

·       Among customer segments, who exhibits the highest adoption rates of Procure-to-Pay (P2P) platforms?

·       What are the available deployment alternatives for Procure-to-Pay (P2P) platforms?

Vendors covered in this study:

Basware, BirchStreet Systems, Coupa, Elcom, Esker, GEP, Ivalua, JAGGAER, OpusCapita, Oracle, Proactis, SAP(Ariba), Synertrade, Tradeshift, Varis (BuyerQuest), WaxDigital, and Zycus

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