How does a business benefit from a source-to-pay system? The benefits of having a source-to-pay system are: When does a business use a source-to-pay system? A source-to-pay system is useful when businesses need to find new vendors that offer better purchase terms, lower prices, or new goods that are not offered by current vendors. The source-to-pay process spans a series of activities like spend management, strategic sourcing, vendor management, purchasing, performance management, and accounts payable. When compared to the procure-to-pay process, the S2P process adds the strategic sourcing step before the procurement process. The source-to-pay process includes strategic procurement activities like spend analysis, sourcing, contract management, supplier management, and final activities like e-procurement, purchase order processing, invoice automation, accounts payable, and payment processes. Another definition of the source to pay is the end-to-end sourcing and procurement process for finding, evaluating, and contracting with suppliers of goods or services, ending with vendor payment. Identification of the right supplier is the first step of the source-to-pay process and payment to the supplier is the last step of the process. Adopt SAP Ariba end-to-end solutions and support to fuel your digital transformation journey.The source-to-pay process (S2P) or source 2 pay covers all the procurement activities that involve the supplier (vendor) and the organization. Deploy e-invoicing and rules-based functionality to facilitate speed and accuracy in the entire procurement process.Įmpower your business with higher control and efficiency of procurement to payment processes. Use our years of experience in SAP Ariba consultancy to decrease your cycle times, cost of purchases, and supplier management concerns. With Source-to-pay processes, you can reduce paperwork, processing time, and performance gaps. Improve compliance and control with S2P processes for accounts payable and performance management.
From spend management to vendor management, strategic sourcing, and purchase management, we sync your processes and people with the SAP Ariba platform to reduce costs and risks. Source-to-pay or S2P can integrate all parts of your procurement process.Īt Acelantic, we weave complex processes of purchase onto a single platform for increasing your business efficiency.
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