6 WAYS TO AUTOMATE THE SOURCE-TO-PAY PROCESS

Enable data-driven supplier management

Problem

Manually gathering spend data for analysis at the category and attribute level for goods and services can take months. It's hard to know if you are locking in the best pricing with the right suppliers.

Solution

A single S2P platform allows supply chain teams to complete tasks faster, avoiding unplanned buying from unvetted suppliers. It also consolidates your spend data on one platform for easy access and analysis to make better sourcing decisions and reduce supply chain risk.

Implement smart contracting

Problem

Documenting, reviewing and finalizing contracts and ongoing maintanance is a highly manual, time-consuming process which delays invoicing and makes price compliance difficult to sustain.

Solution

Use an e-contracting solution that provides a legally enforceable negotiation tool with workflows made for category managers and suppliers. This allows price maintenance from both sides, surfaces commercial opportunities and streamlines compliance.

Streamline the ordering process

Problem

Purchase orders are tracked using email or spreadsheets so managing documents needed for receiving and invoicing is tough. Too much time is spent matching purchase orders or job orders to receipts and invoices, delaying payment.

Solution

Ordering, receiving and invoicing on one platform keeps all your documents in one place and allows you to automate a three-way match and approval.

Centralize dispatch

Problem

Scattered dispatch activities make it difficult to see who is buying what.

Solution

By dispatching orders on a single platform, you centralize your dispatch allowing teams to manage matching and dispatch together.