SPARK Matrix™: Procure-to-Pay (P2P) suites, 2022

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 Procure-to-Pay 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

Executive Overview

Market Overview

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

Vendor Profiles

Research Methodologies

Custom Research Service

Our custom research service is designed to meet the client’s specific requirements by providing customized in-depth analysis of the technology market to meet your strategic needs. Further, our custom research and consulting services deliverable is uniquely effective, powerful, innovative, and realistic for helping companies successfully address business challenges. Our team of experienced consultants can help you in achieving short-term and long-term business goals in the following ways:

• Detailed understanding of the industry structure, market participants, and value chain mapping
• Business potential and opportunities of target markets, economies, and industries
• Strategic planning and tactical opportunities
• Go to market strategies