Source-To-Pay: A Guide For C-Suite Executives
SOURCE-TO CONTRACT
Source-to-pay is comprehensive solution for procurement, streamlining the purchase process from order through payment. It aims to cut costs and improve efficiency in the procurement cycle. There are numerous advantages from implementing an S2P system, including increased accuracy, visibility, and security. It is important for an organization to consider their current resources and the desired objectives when evaluating the implementation of an S2P system. In addition, creating project roadmap and developing automation capabilities are essential best practices for successful implementation of an S2P solution. All in all, source-to-pay system should be evaluated thoroughly to ensure it is well-suited for the desired organization.
