Published: 28 November 2022
Every procurement organization has distinct buying requirements, and their differences demand due diligence from application leaders looking to invest in a P2P suite. To help them identify suites that can meet their needs, this document analyzes the offerings of 15 vendors.
All software providers in this report support basic procure-to-pay (P2P) functional capabilities, due to the mature nature of the P2P market.
Software providers aim to gain differentiation by supporting deeper P2P and extended source-to-pay (S2P) capabilities to fulfill more complex business use cases.
Service procurement is the use case with the most variation between vendors. This is due to the extended requirements specific to services and contingent labor procurement, such as embedded rate cards, timecard review and approval, performance tracking of individuals and performance tracking against contracted SLAs.
As an application leader responsible for procurement and strategic sourcing applications, you
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Analysts:
Lynne Phelan, Balaji Abbabatulla, Patrick Connaughton, Micky Keck
As a companion to the Magic Quadrant™, a Critical Capabilities report scores competing products and services against a set of meaningful differentiators. It reveals which options are the best fit in various use cases to help you focus on the vendors best suited to your needs.
Narrow down the product and service criteria most important to you.
Use interactive features to customize usage scenarios based on your organization’s unique needs.
Use data to speed up provider selection and accelerate the procurement process.
We provide actionable, objective insight to help organizations make smarter, faster technology decisions to stay ahead of disruption and accelerate growth.
We use a Critical Capabilities report, the Magic Quadrant and more to ensure you select the best-fit provider to avoid the costly repercussions of a poor decision.
We benchmark pricing against the market so you avoid unnecessary charges.
We analyze contract terms and conditions to protect you against future price increases and unanticipated costs.
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