Procure-to-Pay (P2P) Products PEAK Matrix® Assessment 2025

Enterprises are recalibrating procurement and finance operations as cost pressures, regulatory complexity, and rapid technology advancements intensify. Procure-to-Pay (P2P) products have become integral to unifying purchasing and Accounts Payable (AP) workflows, enabling organizations to automate processes, improve spend visibility, strengthen compliance, and deliver better user experiences. Stakeholders increasingly expect platforms that provide strong governance and control while supporting scalability and seamless adoption across global operations.
The P2P technology landscape remains fragmented, with providers approaching the market from multiple directions: procurement-focused technology providers extending into AP, AP-centric providers moving upstream, and new entrants emphasizing low-/no-code configurability, embedded analytics, and the growing use of generative and agentic AI. Innovation is accelerating through automation-first design, intelligent insights, and extensibility enabled by supplier portals, ERP connectors, and global e-invoicing compliance.
As product roadmaps converge toward unified and intelligent platforms, enterprise decision-makers should weigh functional depth, innovation velocity, usability, extensibility, and commercial flexibility when evaluating these products.
In this research, we assess 14 leading P2P products, analyzing their strengths, limitations, and market positioning to guide procurement and finance leaders in selecting best-fit platforms and realizing maximum business value.