SPARK Matrix™: Source-to-Pay, Q4 2025

A Source-to-Pay (S2P) platform autonomizes, automates and/or optimizes end-to-end sourcing and procurement processes to improve internal controls, enhance supply chain processes, offer comprehensive spend visibility, and mitigate supplier risk & compliance. The S2P platform's native and comprehensive capabilities help organizations standardize procurement processes and minimize TCOs to quickly react to changing business scenarios, opportunities, and challenges. It also provides a single software for organizations to gain complete visibility by centralizing the entire procurement data and making informed procurement strategies.

The research includes a detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. The SPARK Matrix ranks and positions leading S2P vendors with a global impact. The SPARK Matrix includes analysis of vendors such as Coupa, Esker, GEP, Ivalua, JAGGAER, Oracle, Proactis, SAP and Zycus.

According to Sujan Thomas Mathew, Practice Director at QKS Group, "Leading S2P vendors are striving to offer a single procurement platform which is modular, single code-based, intelligence-rich and agentic, thus shaping an agile, lightweight, resilient and autonomous future for the digital procurement market.”

2025 Source-to-Pay (S2P) SPARK Matrix
Source: QKS Group

Table of Contents

• Key Findings

• SPARK Image

• Vendor Profiles

• Market Definition & Capabilities

• Evaluation Criteria

• Research Methodologies

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