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

Taking Your Procure to Pay Workflows to the Cloud

Procure to Pay

So you’ve decided it’s time to implement a digital procurement solution. Or maybe you’ve decided to replace the one you have. Either way, it’s not a simple decision.

There are dozens of options, including best-of-breed tools, P2P suite, complete source-to-pay platforms, and more. Deciding on a tool that will fit all your needs, adjust to your organization’s specific standards or requirements, and grow with you as your team expands can seem like a daunting task, especially as procurement continues to evolve.

One area where you don’t need to stress, though, is the question of an on-premises solution or a cloud platform. Bringing your procure-to-pay workflows into the cloud is easier than you might think and provides a wide range of benefits.

Platform vs Best-of-Breed

First, let’s look at the age-old debate around single platform solutions vs. best-of-breed tools. As we’ve written before, the ideal tool is the best of both worlds.

Best-in-class

Best-in-class solutions have a deep, rich history. For much of the history of digital procurement, best-of-breed tools have been the go-to for taking control of every detail. They’ve typically had deeper functionality than all-in-one platforms.

Another benefit of specialized tools is the ability to expand capabilities at your own pace. As your organization matures you can add new pieces to your technology stack, so when it comes time for an analytics tool, you can bolt it on to your eProcurement tool.

The shortcoming of this, of course, is that things aren’t as seamlessly integrated as they could be with a single-vendor solution. Things might not quite work perfectly together, and it might take a lot more time and IT power to get everything connected in the first place.

Platform

On the other side of the equation are complete source-to-pay platforms. Historically, these systems have offered a much wider set of functionality, but with less depth in each area. However, the gap has closed dramatically in recent years, and platform tools can seriously compete with best-of-breed solutions.

Importantly, single platform suites can streamline integrations and processes with far less overhead. And when cloud functionality is added to the equation, it’s far easier for those systems to integrate. With the redundancies and backups provided by your suite vendor, you don’t have to worry about connections breaking, data syncing improperly, or other issues faced with on-premises solutions.

No matter which route you choose, cloud-based systems are the best practice for data storage and can offer a number of benefits.

Why Cloud is Essential

While many organizations, and especially their security-minded IT departments, were initially hesitant to make the jump from on-premises solutions to a cloud-based system, most teams have since embraced the convenience, reliability and security of cloud tools.

In fact, many solution providers have moved to only implementing cloud instances, no longer offering an on-prem option. And there’s good reason for this. With many of the security concerns of yesteryear accounted for and protected against, the benefits of cloud computing outweigh any drawbacks by a sizeable margin.

Increased Efficiency

First and foremost, moving your S2P workflows to the cloud will enable new levels of efficiency, automation and innovation.

Automated procurement – the process of automating your routine tasks in order to free up time for more strategic efforts – depends on data connections and collaboration that you just can’t get with an on-prem tool.

A cloud solution provides one database, giving you a single source of truth for all your supplier, spend and contract data. More than that, it gives all necessary users access to that information in real-time, ensuring complete transparency. This builds a pathway to augmented analytics, where data can be quickly and easily shared in digestible reports for each user in your organization.

With the speed of technological evolution today, it’s key for your team to have access to the latest tools and features automatically. For example, JAGGAER’s Digital Mind is revolutionizing how users interact with their procurement platforms. With an on-premises solution, software providers cannot make updates as quickly, leaving you behind the times.

Finally, collaboration on a cloud platform is far easier and more streamlined. Users can work alongside each other on the same contract document or auction, approval workflows are managed simply, and versioning struggles are a thing of the past.

Work from anywhere

A second major benefit of a cloud platform is that users can immediately work from anywhere, just as if they were in the office, without the need for costly or complicated VPN connections. 2020 showed all of us exactly how important that flexibility can be. Those organizations with cloud solutions were able to adjust quickly and maintain business as usual, like JAGGAER customer JLL.

 

This also means that it’s easy to share data and reports with users around the world. Whether it’s internal stakeholders, key partners or simply other team members, a cloud platform allows you to build and share reports in seconds without having to spend time exporting, downloading and uploading data.

Finally, cloud solutions provide easy-to-use portals for your suppliers that don’t depend on your internal servers or security. That means suppliers can quickly and easily make updates, answer questions or report status changes. You stay better informed and build stronger connections with your vendors.

Data Integrity

Data integrity and security are top of mind for many organizations, especially IT teams. We’ve seen the consequences of lax data protections.

With cloud solutions, data redundancies are accounted for. You don’t need to engage IT and create the extra work of setting up redundant servers for data backup. Instead, your solution provider automatically creates multiple secure backups to guard against data loss.

Cloud providers also have teams of data security experts to make sure that your information, and that of your suppliers, partners and customers, is safe. While cloud security used to be a big worry, Salesforce actually found that 83% of tech leaders trust cloud security more than ever. So you can rest easy knowing that your information is protected.

Cloud is the Future

With so many clear benefits, it’s clear that a cloud solution is the way to go, whether you’re looking at a single-vendor suite or best-of-breed tools.

JAGGAER offers a comprehensive source-to-pay solution in the cloud. To get started with moving your procure-to-pay workflows into the cloud, contact us today.

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.