Procure-to-Pay Outsourcing Market Share, Size, Growth and Segment Forecasts to 2020

Technavio Announces the Publication of its Research Report – Global Procure-To-Pay (P2P) Outsourcing Market 2016-2020

Technavio recognizes the following companies as the key players in the global procure-to-pay (P2P) outsourcing market: Accenture, Capgemini, IBM, GEP, Infosys, and TCS.

Other Prominent Vendors in the market are: Aegis, Corbus, Genpact, HCL Technologies, HP, Optimum Procurement, Proxima, Synise Technologies¸ WNS, and Xchanging.

Commenting on the report, an analyst from Technavio’s team said: “Emergence of mobile P2P technology is a key trend for this market. Organizations are widely implementing mobile solutions to manage end-to-end procurement process. Firms implement the mobile-first strategy to manage the SCM process for the transactional process. Mobile solutions provide convenient payment solutions with added features such as purchasing management and order tracking facilities. Mobile applications built for the P2P process management system in organizations enhance decision-making process for procurement professionals in organizations

Browse full report with TOC@ https://marketreportscenter.com/reports/344083/global-procure-to-pay-outsourcing-market-2016-2020

According to the report, cut costs in procurement process is a key driver for this market. Cost reduction is a vital factor to the adoption of P2P outsourcing solutions among organizations. Procurement managers face challenges in the effective management of P2P processes due to increased complexities and manual errors in the supply chain systems. IT and BPO outsourcing decisions are strategic in organizations, which consider many factors such as regulatory and compliance standards and quality improvement in the end-to-end procurement process. These factors are crucial to organizations to get high returns on investment (ROI) from investment outsourcing services. Companies incorporating the strategy to outsource business processes do not require capital investment in infrastructure....