The Evolution of Source-to-Pay: How Technology is Transforming Procurement Efficiency

 


QKS Group (formerly Quadrant Knowledge Solutions) Predicts Strong Growth in the Source-to-Pay Market in Central & Eastern Europe by 2028

The Source-to-Pay (S2P) market in Central & Eastern Europe is set for significant growth, with a projected above-average CAGR by 2028. This expansion is driven by increasing investments in technological advancements and process optimization. Organizations in the region are expected to prioritize solutions that offer advanced analytics, automation, and enhanced supplier collaboration.

Additionally, the rising emphasis on compliance and risk management will fuel the adoption of S2P platforms that provide greater visibility and control over procurement activities. As businesses in Central & Eastern Europe continue adapting to evolving market conditions, the S2P sector is poised for sustained growth, supported by a strong technology ecosystem and a favorable regulatory environment.

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Key Questions Addressed in This Study:

What is the current and projected competitive landscape of the Source-to-Pay market in Central & Eastern Europe?

What will be the key market dynamics shaping competition in this region?

How will vendors position themselves across different customer segments, from SMBs to large enterprises, by 2028?

How will vendors compare in terms of cloud-based versus on-premises S2P solutions by 2028?

What are the strengths and challenges of vendors operating in the Central & Eastern European market?

What market forecasts are held by major industries, and what competitive factors influence vendor positioning?

Strategic Market Insights

Source-to-Pay (S2P) suites streamline and optimize end-to-end sourcing and procurement processes, improving internal controls, enhancing supply chain efficiency, and offering comprehensive spend visibility. These platforms also help mitigate supplier risk and ensure compliance.

Their integrated capabilities enable organizations to standardize procurement operations, reduce total cost of ownership (TCO), and respond swiftly to dynamic business challenges and opportunities. By consolidating procurement data into a single platform, S2P suites empower businesses to make informed, strategic procurement decisions.

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Vendors covered in this Study:

BirchStreet Systems, Coupa, Elcom, GEP, Ivalua, JAGGAER, Medius (Wax Digital), Opus Capita, Oracle, Proactis, SAP (Ariba), Tradeshift, Xeeva, and Zycus.  

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