Enterprises can drive significant process efficiencies and achieve bottom-line savings by automating their entire sourcing and procurement activities using source-to-pay (S2P) technology. From spend analysis to accounts payable, source-to-pay software allows procurement organizations to streamline all upstream downstream processes and cut down their source-to-settle cycle time.
Save time and effort spent on repetitive tasks and focus resources on activities that drive more value.
Cleanse, validate and classify your spend data. Get a comprehensive overview of spend across the enterprise. Analyze and identify opportunities that drive maximum savings.
Get approval for new requisitions from finance and automatically generate purchase orders. Facilitate best-value sourcing through electronic tendering and auctions, and speed up the RFx-to-award cycle. Create, manage and monitor your contracts more efficiently.
Source-to-Pay Technology also helps to boost user adoption and increase spend compliance with a easy-to-use, consumer-style purchasing tools. Receive electronic invoices and match them with purchase orders. Approve, then forward invoices for processing payments. Reduce your total cost of purchasing and drive bottom-line savings.
What You Get
Process Automation — Automate all your source-to-pay processes and free up resources for more value-added work
RFx & Auction Tools — Source goods and services from the best value supplier through electronic tendering and auctions
Contract Management — Optimize the process of creating, managing, monitoring and modifying contracts with suppliers
Supplier Management — Streamline the management of supplier information and get useful insights to improve their performance
Purchase Order & Invoice Management — Eliminate paperwork and errors by receiving and processing purchase orders, invoices and other documents on an electronic source-to-pay platform
Why It Matters
Better Spend Visibility — Get complete visibility of all your spend throughout the purchasing cycle
Resources Optimization — Save time, effort and money spent on paperwork and repetitive tasks and focus on activities that drive more value
Improved Compliance — Drive more compliant purchases through approved, contracted or punch-out catalogs
Enhanced Efficiency — Complete automation of all your source-to-pay processes minimizes paperwork, improves process efficiency and
Reduced Total Cost of Purchasing — Source-to-pay tools drive process efficiencies and resource optimization to help you reduce your total cost of purchasing
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