The Evolution of Procure-to-Pay: From Manual Processes to Digital Transformation

 


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 evolution and innovation in the years ahead.

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Key Questions Addressed in This Study:

What is the current and projected competitive landscape for the Procure-to-Pay market in Asia (Excluding Japan and China)?

What key dynamics will shape competition in this regional market?

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

How will vendor offerings differ between cloud-based and on-premises solutions in this region by 2028?

What are the core strengths and limitations of vendors operating in the Asia (Excluding Japan and China) P2P market?

What market forecasts are held by key industry sectors within this region?

Which competitive factors will most influence vendor positioning in the market?

Strategic Market Insights

Procure-to-Pay (P2P) platforms are designed to manage the full procurement cycle—from requisition and purchasing to payment processing and financial accounting. These systems integrate with multiple departments including procurement, inventory, finance, and accounts payable, offering a unified view of the entire process.

By providing real-time insights into spending, pricing, and supplier performance, organizations can enhance efficiency, strengthen supplier relationships, and make informed purchasing decisions. Additionally, P2P tools help reduce procurement costs, minimize supplier and financial risks, support compliance, and meet strategic performance goals.

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Vendors covered in this Study:

Coupa, SAP (Ariba), GEP, Ivalua, Zycus, Jaggaer, Basware, Synertrade, Elcom, Oracle, OpusCapita, Corcentric, Medius, Proactis, Esker, BirchStreet Systems, and Varis.

Also Read:

https://qksgroup.com/market-research/market-share-procure-to-pay-p2p-2023-worldwide-2819

 

https://qksgroup.com/market-research/market-forecast-procure-to-pay-p2p-2024-2028-middle-east-and-africa-4571

 

https://qksgroup.com/market-research/market-forecast-procure-to-pay-p2p-2024-2028-canada-4566

 

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