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What is Source to Pay (S2P)? Everything You Need to Know End-to-end process and end-to-end solution may be one of the most overworked phrases in business and IT. Yet in the case of source to pay, it is wholly justified. Strategicsourcing: The word strategic is added for good reason.
Value chain : Transparency in operations and across multiple supplier tiers gives you visibility into potential gaps in supply continuity. Integration with sourcing, eProcurement, payments, contracts, category management, and other S2P functions—as well as ERP accounting systems—is essential. Performance and stability can waver.
Or alternatively, as senior managers we only see the end results of procurement as figures on a spreadsheet or a financial statement, with little awareness of how they are arrived at and how they can be improved. To understand whats really going on we need, first, to step back and get a holistic view of the end-to-end process.
Procoto offers features including: Strategicsourcing Smart databasing Workflow approvals RFP management Data transformation The platform’s tools and analytics aim to level the playing field between small and large companies – giving leverage to SMEs. It gives you full visibility of your spend data, all in one place.
Comprehensive eProcurement platforms were not yet prevalent. PeopleSoft eProcurement : Before its acquisition by Oracle, PeopleSoft offered eProcurement solutions that streamlined purchasing processes for organizations. Key Features : AI-driven analytics for strategicsourcing.
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