The 2026 Gartner Magic Quadrant for Source-to-Pay Suites marks a turning point: digitisation is no longer the finish line, but the starting point for AI-driven, outcome-oriented procurement. With the S2P market growing at 16.3% annually toward $18.7 billion by 2029, competitive differentiation has fundamentally shifted.

The global procurement function is currently navigating a period of unprecedented structural change, evolving from a transactional cost center into a strategic catalyst for enterprise growth and resilience. By the conclusion of 2025, an estimated 74% of Chief Procurement Officers (CPOs) will have integrated artificial intelligence (AI) into their core operations, supported by a procurement software market projected to surge to $9.5 billion by 2028. This evolution is not merel