Quadrant Knowledge Solutions’ Procure-to-Pay (P2P) suites market research includes a detailed analysis of the global market regarding short-term and long-term growth opportunities, emerging technology trends, market trends, and future market outlook. The study provides a comprehensive analysis of the global market and the overall market adoption rate. This research provides strategic information for technology vendors to better understand the existing market, supporting their growth strategies; and for users to evaluate different vendors’ capabilities, competitive differentiation, and market position.
The research includes detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. The SPARK Matrix includes ranking and positioning of leading P2P vendors with a global impact. The SPARK Matrix includes an analysis of vendors, including Basware, BirchStreet Systems, BuyerQuest, Coupa, Elcom, Esker, GEP, Ivalua, JAGGAER, OpusCapita, Oracle, Proactis, SAP(Ariba), Synertrade, Tradeshift, WaxDigital, Xeeva, and Zycus.
According to Sujan Thomas Mathew, Analyst at Quadrant Knowledge Solutions, “Modern P2P software has evolved significantly to include automation, advanced analytics, and artificial intelligence capabilities to enhance procurement performance, minimize risks and reduce administration costs.” “By automating all relevant and repetitive processes, AI-powered P2P software can efficiently manage end-to-end procure-to-pay processes and help organizations to save costs and reduce cycle time,” Sujan adds.
Q4, 2022 Procure-to-Pay (P2P) suites SPARK Matrix
Source: Quadrant Knowledge Solutions
Table of Contents
Factors Influencing Technology Development and Market Growth
Competition Landscape and Analysis
- Competitive Overview and Analysis
- Key Competitive Factors and Technology Differentiators
SPARK Matrix™: Procure-to-Pay (P2P) suites market
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