It should come as no surprise that (further) automation and digitization of the P2P process predominate. We also discover how software providers are responding to the changing needs of companies, trends in the P2P market, and opportunities for your P2P process.
Sustainability plays a role
Companies are paying more and more attention to sustainability goals. P2P software providers are responding to this by integrating ESG assessments into existing systems. This makes it easier for organizations to measure the extent to which the P2P process meets (internal) sustainability requirements.
P2P market changes
Although ERP and P2P software are certainly not the same, the end goal is similar: efficient digital processes. That's why it's no surprise that ERP vendors are increasingly taking over P2P software providers. ERP suppliers then offer a P2P solution in their ERP. For example, they try to solve optimization issues faced by companies in various sectors. In addition, suppliers are increasingly working with advisors who support the implementation of P2P software. At P2P & Verder, we are not going along with this trend, because we believe that an advisor should be independent to find the best solution.
Opportunities for your P2P process
Trends in the P2P world are linked to advances in other technologies. For example, most P2P applications are now cloud-based. As a result, your P2P software is automatically updated to the latest version. So you can quickly make use of the latest developments. In addition, regular updates reduce the cyber risks of your software.
The integration of AI into P2P software enables further automation and convenience. This includes smart booking proposals or the automatic checking and processing of invoices.
Become a P2P Expert Yourself
To convince potential customers of their expertise, software providers share their knowledge in the form of blogs, white papers and webinars. This makes it increasingly easier to gain knowledge yourself and make informed choices for your own P2P process. Ultimately, this knowledge is often focused on the provider's software itself, so be aware of the source of your information.
Would you prefer an independent view of your P2P process? At P2P&Verder, we provide advice on the opportunities for your P2P process, without selling software. Take contact with on or download our purchase-to-pay e-book for free.
