The Hackett Value Matrix Quantifies the Value Realized From Purchase-to-Pay (P2P) Software Solutions Providers

The Hackett Group, Inc. (NASDAQ: HCKT) today announced the availability of its purchase-to-pay (P2P) software solutions market intelligence research. The Hackett Value Matrix analyzes 10 leading P2P solutions providers in terms of their ability to deliver value, breadth of capability, solution maturity and actionable insight.

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The P2P Hackett Value Matrix charts the value realization, breadth of capability and solution maturity for leading purchase-to-pay solutions providers. High resolution image available on request. (Graphic: The Hackett Group)

Today’s P2P solutions are a fundamental building block to enabling digital transformation for world-class organizations. These solutions transform procurement organizations into strategic, efficient and data-driven functions that drive cost savings, enhance both supplier and internal customer relationship, ensure compliance, reduce risk, and support business growth. Indeed, The Hackett Group’s research found that technology is changing the way procurement professionals work, and the best P2P solutions are using automation to create virtually touchless e-procurement environments, taking humans out of the equation. They also capture a tremendous amount of data to continuously improve spend visibility, while setting the foundation for the application of generative artificial intelligence to uncover new approaches for spend cost improvement, improve channel management and even rearchitect supply chains to reduce continuity risks.

The research from The Hackett Group found that top-performing P2P solutions providers enable companies to achieve dramatically higher value creation than typical companies, including:

• $35-$45 million greater spend savings/avoidance (for a typical $10 billion company)
• 73% touchless requisition-to-purchase order transaction automation
• 68% key supplier adoption and transaction automation
• 40%-60% improvement in spend visibility and spend management
• 29% reduction in requisition-to-purchase order transaction cost, with 92% purchase order adoption for greater spend control
• 28% improvement in invoice processing productivity

Three solutions providers achieved Digital World Class status in the P2P Hackett Value Matrix: Coupa, JAGGAER and SAP. Four others were named as Challengers: Basware, GEP, Ivalua and Oracle. One solutions provider, Quadient, was named as Emerging. Two other solutions providers – Kissflow and Synertrade – are included in the research but were not plotted on the Hackett Value Matrix due to insufficient sample size.