The Source-to-Pay (S2P) process drives the procurement function and its spend management strategies. Ivalua’s S2P solutions enable unparalleled visibility, collaboration, and agility across all procurement processes.
S2P is a complex set of activities, from analyzing spend and executing sourcing strategies to onboarding suppliers, contracting and tight integration to e-procurement, invoicing, and payments. Too often, organizations lose tremendous value across this process due to disconnected processes, siloed data, inconsistent user experience, multiple supplier records, poor analytics, and more.
According to Ardent Partners, 62% of all procurement leaders reported taking a suite-based approach to their technology deployments over the last two years. When natively integrated, S2P solutions:
1. Improve sourcing savings by 23% - 42%
2. Reduce savings leakage by 38%
3. Increase compliance by over 26%
Agenda
Understand the value of having a single platform across Source-to-Pay
Identify and create value through spend analysis and sourcing automation
Effectively execute sourcing strategies and streamline contracting
Capture value with a modern, compliant buying experience, automated invoicing, and embedded payments
Empower true business agility and adaptability
Monitor supplier information, risk, and performance