The Evolution of Procure-to-Pay: From Manual Processes to Digital Transformation
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QKS Group Highlights Strong Growth Prospects for the Procure-to-Pay Market in Asia (Excluding Japan and China) with Above-Average CAGR Expected by 2028. The Procure-to-Pay (P2P) market in Asia—excluding Japan and China—is set for impressive expansion by 2028, according to insights from QKS Group. This region is expected to experience above-average compound annual growth as businesses increasingly prioritize operational agility and efficiency. The market outlook is highly promising, driven by rising adoption of AI-powered P2P platforms. These solutions enable predictive analytics, streamline supplier management, and enhance procurement strategies. In parallel, the growing emphasis on sustainability and corporate social responsibility (CSR) is spurring demand for P2P systems that promote ethical and sustainable sourcing practices. With ongoing digital transformation and economic development, the P2P landscape in Asia (ex-Japan & China) is well-positioned for significant ev...