This quadrant assesses P2P service providers, focusing on integrating AI and automation to streamline invoicing and payment processes. It also emphasizes improving efficiency and cutting costs through advanced data analytics. For this study, 36 companies were assessed and HCLTech has been recognized as a Leader.

“From procurement to analytics, HCLTech drives excellence across P2P with strategic global delivery.”-Gaurang Pagdi, Lead Analyst.

Key Highlights of the report:

• Comprehensive P2P services: HCLTech’s P2P capabilities encompass the entire procurement lifecycle. HCLTech guarantees optimal supplier selection, cost savings and contract compliance, from category management and sourcing plans to request for X (RFX) management, e-auctions, contract management and supplier performance.
• Integrated analytical excellence and operational efficiency: HCLTech’s digital command center (DCC) leverages advanced analytics to provide predictive and prescriptive insights to key client stakeholders, enhancing their decision-making capabilities. This comprehensive approach empowers organizations to make informed decisions and drive impactful outcomes.
• Strategic right shoring for enhanced delivery excellence: Leveraging 210 delivery centers and over 44 delivery locations globally, HCLtech emphasizes nearshore and onsite operations, optimizing geographical advantages. This ensures tailored services are aligned with regional demands, enhancing delivery excellence, achieving cost efficiencies, and supporting strategic business goals effectively.