According to the Institute’s study, buyers are increasingly considering P2P outsourcing to gain additional savings and address key pain points in their financial supply chains, such as high manual intervention costs. The Institute pinpoints P2P as a buyer’s stepping-stone toward full-service or Source-to-Pay (S2P) outsourcing, which is a more complex transition.
“In the world of Procurement Outsourcing (PO), P2P is a growth driver for the market as a whole, bringing new suppliers to the space and introducing global sourcing as a delivery mechanism,” said Katrina Menzigian, Vice President, Everest Research Institute. “P2P makes Procurement Outsourcing digestible, offering immediate benefits and opening the door to a new group of buyers that are interested in gaining transactional benefits up front and for whom PO now becomes a viable possibility.”
