Finding The Right Solution For Your Source-To-Pay Platform Requirements
Software Purchasing Platform
-What features do each of the solutions offer? -Are there any performance or cost differences between suppliers?
Gather customer references or case studies from the supplier candidates and review them to ensure that their technology will be able to work for your organization.
Step 6: Conduct product demonstration
As you narrow down the list of source-to-pay solutions that may work for your organization, try to arrange product demonstration with each supplier. Watching the supplier’s product in action will help you to better understand how their solution works and how it could potentially benefit your organization.
Step 7: Make selection
After doing your due diligence, it is time to make final decision. Review the criteria used to select your shortlist of source-to-pay solutions, and then compare the solutions against each other and make selection based on cost, features, and customer references.
Once you have found the supplier whose solution works best for your organization, begin working on the implementation and contract process.
Conclusion
Carefully selecting the ideal source-to-pay platform for your organization can be difficult and time-consuming process if you do not have strong understanding of the potential solutions available and their capabilities. By following the steps outlined in this guide and considering the specific requirements of your organization, you will be well on your way to finding the best solution for your source-to-pay platform needs.
