HFS Horizons: Sourcing and Procurement Services, 2025

HFS foresees sourcing and procurement (S2P) progressing from ecosystem building to orchestration, with agents playing a key role in enabling predictable outcomes, modular solutions, and new commercial models. Providers are innovating rapidly across the value chain, covering strategic sourcing, category management, supplier management, negotiation, and contract management.

The “HFS Horizons: Sourcing and Procurement Services, 2025” study is designed to assess vendor capabilities, innovation, go-to-market strategies, and impact potential across the value chain based on a range of dimensions to understand the why, what, how, and so what of their service offerings across three distinct horizons:

• Horizon 1: The ability to drive digitized processes to improve business outcomes such as cost reduction, speed, and efficiency across the S2P value chain elements.
• Horizon 2: Horizon 1 + enablement of the “OneOffice” model of end-to-end organizational alignment across the front, middle, and back offices to drive unmatched stakeholder experience.
• Horizon 3: Horizon 2 + the ability to drive the “OneEcosystem” impact via collaboration across multiple organizations with common objectives around driving completely new sources of value for the enterprises.

The report evaluates the capabilities of 14 service providers, which include global system integrators, domain-specific providers, and small-scale providers across the HFS S2P services value chain.

It highlights the value-based positioning of each participant across the three distinct Horizons. This also includes detailed provider profiles, outlining their key facts, strengths, and development opportunities.

The report is global in scope and offers critical insights for enterprises of all shapes and sizes, service providers offering S2P services, and ecosystem partners navigating the rapidly evolving legacy application modernization landscape.

HFS Horizons: Sourcing and Procurement Services, 2025

Note: All service providers within a Horizon are listed alphabetically
Source: HFS Research, 2025

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