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Source-to Contract vs. Source-to-Pay (S2C vs. S2P)

Procurement Software

How much functionality and automation do you want for contract management? If you’re not, then a separate, best-of-breed solution for contract management may be beneficial. However, I also see the potential advantages of the all-in-one suites which covering both source-to-contract and source-to-pay.

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Procuretech Pub: S2P Tips with Joël Collin-Demers from Pure Procurement

The Procuretech Podcast

I point out that twelve years ago (2010) would’ve been around the time that Ariba, Coupa, Jaggaer - all the big suites - were just starting to mature and come onto the market. I bring up contract management and SRM, along with newer concepts like KYS. I bring up contract management as an example. Is it worth it?

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What the Coupa software acquisition means for procuretech

Procurement Software

In 2010, the company raised $7 million in funding. They quickly rose to be the market leader, especially in the untapped area of spend management for indirect procurement teams. Some examples: SRM Contract management Risk management ESG Spend, and wider data analytics There will be more acquisitions.