SPARK Plus™ Insights: A 360° Benchmarking View of the Global Procure-to-Pay Market
QKS Group defines Procure to Pay (P2P) as a platform enables organizations to manage and streamline the end-to-end procurement lifecycle, from requisitioning, purchasing, payment processing, and accounting for goods and services. A P2P system integrates with various cross-functional departments, including purchase, inventory, accounts payable, finance, and others to provide a single source of truth and allow organizations to track end-to-end processes for improving operational efficiency, as well as supplier communication, and relationship management. In today’s operating environment marked by e-invoicing mandates, multi-ERP estates, direct-materials complexity, and rising expectations for touchless AP, P2P has become an execution backbone rather than a back-office utility. Adoption is speeding up as CFOs and CPOs look for straight-through invoice processing, policy-at-source controls, and guided buying to reduce cycle times and leaks while enhancing supplier experience and co...