Mais informações

Relatórios de analistas

Blog

Brochures

Checklist

Casos de sucesso

Datasheets

Aprender

eBooks

Infografias

Notícias

White Paper

Contacto

Seminários on-line

Eventos

Comércio autónomo

ESG

Sobre nós

Plataforma JAGGAER One

Carreiras

Conformidade e Segurança

Casos de sucesso

Support

Partner Marketplace

Torne-se um parceiro

Por indústria

Educação

Fabricação

Energia y Utilidades

Serviços Financeiros

Cuidados de saúde

Ciências da Vida e Farmacêutica

Por indústria

Retalho

CPG

Setor público

Transporte e Logística

Por função

Compras

Finanças

Tecnologia da Informação

Cadeia de fornecimento

Por necessidade

IA em compras

Redução de custos

Aquisição Direta

ESG

Integração com outros sistemas empresariais

Rentabilidade das compras

Otimização de fornecimento

Visibilidade das despesas

Cumprimento dos fornecedores

Aprender

Informes de analistas

Blog

Brochures

Checklist

Casos de éxito

Datasheets

Aprender

eBooks

Infografías

Noticias

White Paper

Contacto

Webinars

Eventos

Comercio Autónomo

ESG

Acerca de

Plataforma JAGGAER One

Carreras

Cumplimiento y seguridad

Historias de éxito

Soporte

Partner Marketplace

Conviértete en partner

Por industria

Educación

Manufacturing

Energía y Utilities

Servicios financieros

Sanidad

Farmacéutico y Ciencias de la vida

Por industria

Retail

Bienes de consumo envasados

Sector Público

Transporte y Logística

Por función

Compras

Finanzas

Tecnologías de la información

Cadena de suministro

Por necesidad

IA en compras

Reducción de costes

Compras directas

Criterios ESG

Integración con otros sistemas empresariales

Rentabilidad de compras

Optimización de compras

Visibilidad del gasto

Compliance de Proveedores

Scopri di più

Analyst Reports

Blog

Brochure

Checklists

I nostri clienti. Storie di successo

Datasheets

Imparare

eBooks

Infographics

News

White Paper

Contattaci

Webinar

Eventi

Autonomous Commerce

ESG

Chi siamo

La piattaforma JAGGAER One

Lavora con noi

Compliance & Security

Storie di successo

Servizio Clienti

Partner Marketplace

Diventa Partner

Per settore

Education

Manufacturing

Energy and Utilities

Financial Services

Healthcare

Life Sciences and Pharmaceuticals

Per settore

Retail

Consumer Packaged Goods (CPG)

Settore pubblico e regolamentato

Trasporti e logistica

Per funzione

Procurement

Finance

IT

Supply Chain

Per necessità

AI nel Procurement

Riduzione dei costi

Direct Procurement

Obiettivi ESG

Integrazione nell'ecosistema aziendale

Procurement Profitability

Sourcing Optimization

Spend Visibility

Supplier Compliance

Success stories

Service client

Erfolgsgeschichten

Kundensupport

Lernen

Analyst Reports

Blog

Broschüren

Checklisten

Kundenerfolgsgeschichten

Datenblätter

Lernen

E-Books

Infografiken

Nachricht

Whitepaper

Verbinden

Webinare

Veranstaltungen

Autonomous Commerce

ESG

Über uns

Die Platform

Karriere

Compliance und Sicherheit

Partner Marketplace

Partner werden

Nach Branche

Bildungswesen

Fertigende Unternehmen

Energie und Versorgung

Finanzdienstleistungen

Gesundheitspflege

Biowissenschaften und Pharmazeutik

Nach Branche

Einzelhandel

Consumer Packaged Goods (CPG)

Öffentlicher Sektor

Transport und Logistik

Nach Rolle

Beschaffung

Finanzen

Informationstechnologie

Lieferkette

Nach Bedarf

KI im Einkauf

Kostenreduzierung

Direkter Einkauf

ESG-Ziel

Integration in die Geschäftssystemlandschaft

Beschaffungsrentabilität

Beschaffungsoptimierung

Ausgabentransparenz

Lieferanten-Compliance

Marketplace des partenaires

Devenir un partenaire

Ressources utiles

Rapports d'analystes

Blog

Brochures

Checklist

Témoignages de nos clients

Datasheets

Learn

eBooks

Infographies

Actualités

Livres blancs

Nous rencontrer

Webinaires

Événements

Commerce autonome

ESG

À propos

La plateforme

Emplois

Conformité et sécurité

Par industrie

Éducation

Fabrication

Énergie et Utilities

Services financiers

Santé

Sciences de la vie et produits pharmaceutiques

Par industrie

Retail

Consumer Packaged Goods (CPG)

Secteur public

Transport et logistique

Par département

Achats

Finance

Informatique

Supply Chain

Par besoin

L'IA dans les achats

Réduction des coûts

Achats directs

Objectif ESG

Intégration dans le paysage des systèmes d'entreprise

Rentabilité des achats

Optimisation du Sourcing

Visibilité des dépenses

Conformité des fournisseurs

Learn

Analyst Reports

Blog

Brochures

Checklists

Customer Success Stories

Datasheets

Learn

eBooks

Infographics

News

White Paper

Connect

Webinars

Events

About

ESG

Autonomous Commerce

JAGGAER One Platform

Careers

Compliance & Security

Success Stories

Customer Support

Partner Marketplace

Become a Partner

By Industry

Education

Manufacturing

Energy and Utilities

Financial Services

Healthcare

Life Sciences and Pharmaceuticals

By Industry

Retail

Consumer Packaged Goods

Public Sector

Transportation and Logistics

By Role

Procurement

Finance

IT

Supply Chain

By Need

AI in Procurement

Cost Reduction

Direct Procurement

ESG Goal

Integration into Business System Landscape

Procurement Profitability

Sourcing Optimization

Spend Visibility

Supplier Compliance

Blog

How Businesses Benefit from an Integrated S2P Software Solution

Source to Pay

Source-to-Pay software or, simply put, S2P is an integrated suite of applications developed to take care of and manage each and every process within the procurement function. A typical S2P solution can effectively manage purchasing activities that range from spend analysis, e-auctions, purchase requisitions, sourcing events, invoice and payment processing and vendor relations. A well-implemented S2P solution can significantly improve a company’s procurement function and achieve cost savings to help businesses achieve a great return on investment.

It makes an organization’s life really easy, right? Everyone should have one by now! Well, things are not that simple, and a lot of thought and consideration is needed before making such a decision.

You could jump toward the end of this article if you want to know more about the benefits of a S2P solution, however, we believe it’s important to draw attention to these three aspects first.

How much could you be saving with an integrated S2P solution? Get an estimate with the ROI Self-assessment Checklist.

 

Things To Consider Before Investing in a S2P Solution

The Business Case

Implementing a S2P solution is a major change for any organization and it should never be “an impulse purchase”. The success of a S2P software implementation project relies greatly on the business case it follows. A good business case should take into consideration the value the S2P solution could create, the project timeline, the overall business strategy and it should be based on solid data.

The Procurement Strategy

Companies should think about how a new S2P solution will integrate into their procurement strategy, and most importantly, how it will change their procurement strategy and procurement processes going forward. Is the decision sustainable for the business and the way it operates?

The Right Solution for Your Business

One of the most difficult decisions to make when implementing a S2P software solution, is deciding on which solution to choose. There are dozens of vendors within a very innovative market. The truth is, there is no “one solution fits all” recipe for success. That is why it’s important to do a thorough market research beforehand and choose the vendor that offers the most comprehensive solution suite for your company’s needs.

Benefits of an Integrated S2P Solution

Having accounted for these 3 aspects let’s have a look at the value an S2P software solution can bring into your business.

Improved Visibility

Having all your procurement processes managed through one single platform increases visibility over the whole buying process. Users can access information easier and have access to real-time data. Data flow is also simplified as it circulates through the different modules of a single platform, which is the S2P suite.

Better Supplier Management

The supplier management process is simplified both for organizations and for their suppliers as the whole buying process from initial tender to invoice payment is handled through the same platform. Organizations have all their supplier data in one place, making it easy to access supplier information and manage supplier relationships and performance.

A S2P solution ensures purchase policies that make it easier for users to purchase products and services from a preferred list of suppliers. The system allows the creation supplier scorecards so that you can select the best suppliers for the products/services you want to buy.

Supplier onboarding and catalogue creation become easier and companies are less prone to error due to lack of supplier information that can appear when using multiple systems.

Improved Compliance and Control

With an integrated S2P solution organizations can accurately assess a supplier’s compliance with its procurement standards and the organization’s code of conduct. Contract compliance tracking becomes more visible, making it harder to miss important information about suppliers that could hurt the company’s reputation.

An integrated solution provides better control over your data, and helps avoid data duplication and data inconsistency due to use of multiple systems with different processes.

Ease of Use

One of the main struggles when implementing a new technology platform is ensuring that the technology is adopted by a large number of users. An important factor here is to have a friendly user interface, consistent across the whole system.

Since all the purchasing processes go through a single system, users need to make an effort to start using the system. However, compared to using different systems for different operations, with an integrated solution, users only need to get used to one new system that applies the same rules throughout the whole suite. This benefit generally leads to an increased adoption rate.

Improved Spend Analysis

A S2P integrated software solution can provide information across all stages of the buying process. It allows you to perform suite-wide analytics, thus collecting spend, sourcing, contracting, supplier, invoice and payment data in a form that can easily be transformed into actionable insights. An integrated solution is better equipped to provide more in-depth data that can be acted upon immediately.

A better understanding of your data helps you optimize your organization’s spending and meet your procurement goals.

Once you have a better understanding of where your money is going, you can optimize your company’s spending to meet organizational goals, reduce costs and improve efficiency.

We believe an integrated S2P solution helps organizations become more efficient with their procurement processes. It helps organizations get the best deals from their suppliers while ensuring compliance with regulatory guidelines. An integrated S2P solution provides visible synergy across the procurement function, whether referring to supplier collaboration, visibility and contract compliance, use of data or availability of information.

 

Find out how much a S2P solution could save your business. Get the “Ultimate Guide to a Better ROI in Purchasing”. Download your checklist here.

About the Author
This article contributed by Andrada Sabo, Content Marketing Manager at Xoomworks Procurement Consultancy

Additional Resources

Maturity Assessment

Take this quick Autonomous Commerce Maturity Assessment now to identify your maturity stage and the next steps to take in your journey.