The Competitive Landscape: Examining Market Share in P2P Solutions

 


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

About Us: Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business, and Growth Advisory Services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner.

Website: https://quadrant-solutions.com/

Phone: (+1) 978-605-1066

Contact: ajinkya@quadrant-solutions.com

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