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Proactis has a long history of helping service-focused organisations to optimise spend and supply chains so they can reach their full potential. 

We've combined all our resources - from expert articles, toolscase studies and events to training and videos - so you can to take your Source-to-Pay solution and understanding to the next level.
 

Spotlight: UK Procurement Act

The UK's Procurement Act 2023 marks a significant shift in the public procurement landscape. A strategic and proactive response is required, and rest assured that we are here to support you.

The latest iteration and modernisation of the procurement process in the UK, post-Brexit, introduces several key rules and changes aimed at improving transparency, efficiency, and value for money in public procurement.

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Source-to-Pay

Source-to-Pay (S2P) connects strategic sourcing and procurement with financial operations. It is an end-to-end process that connects spend control from start to finish, including supplier sourcing, SRM, contract management, purchasing and payment of invoices.

S2P integrates these interconnected activities into one streamlined process, helping to ensure that every stage is efficiently managed and delivers results - all through process digitisation and automation.

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Source-to-Pay

Sourcing

All businesses need supplies - from stationery, to machinery and to services. Sourcing (also known as eSourcing) refers to the digital tools and processes used to streamline, simplify and improve strategic sourcing activities and procurement processes to obtain these supplies.

Whatever your business needs, the sourcing process and managing your supply chains can be time-consuming. An efficient sourcing solutio and strategy is the ultimate goal when running an effective procurement operation.

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Contract Management

Supplier Relationship Management

Supplier Relationship Management (SRM), sometimes referred to as Vendor Management, is the process of managing all types of supplier contracts, and associated purchases, to drive maximum value from every supplier contract.

Purchase and delivery activity are automatically collected for analysis of supplier performance and buyer commitments, and contract dates and other criteria are continually monitored, alerting the appropriate people when reviews or actions are needed.

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Contract Management

Contract Management is the process of managing all types of supplier contracts, and associated purchases, to drive maximum value from every supplier contract.

Purchase and delivery activity are automatically collected for analysis of supplier performance and buyer commitments, and contract dates and other criteria are continually monitored, alerting the appropriate people when reviews or actions are needed.

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Contract Management

Marketplace

A marketplace is an online website where certain categories of products or services are bought and sold. Sometimes referred to as an eMarketplace, a procurement marketplace is a platform that connects staff with approved suppliers and contracts when they are purchasing products and services.

B2C examples are Amazon Marketplace and Facebook Marketplace.

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Procure-to-Pay

Procure-to-Pay, also known as Purchase-to-Pay and P2P, is made up of a number of stages that describe the end-to-end buying process, from initial request and purchase through to invoicing and payment for good/services received.

By simplifying these processes, you can take a big step towards your digital transformation goals.

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Accounts Payable Automation

Accounts Payable Automation, or AP Automation, is the handling of accounts payable processes digitally using technology, rather than manually.

A highly automated, lower cost process greatly streamlines processing of all invoices from receipt to payment, providing real-time visibility of what's happening in your finance operation, unlocking the key information you need for enhanced financial decision making.

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Invoice Capture

Invoice Capture is the process of capturing all invoices and converting non electronic data (paper and PDFs) into eInvoices. The process also includes validation of acccuracy by checking for a PO, duplicates and a valid supplier, and then transfering them into a finance system for matching and payment approval.

Invoice Capture captures all common invoice formats and transfers them to your target system in the desired format.

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Source-to-Contract

Source-to-Contract, otherwise known as Procurement control, includes Sourcing, SRM and Contract Management.

This is part of the end-to-end spend control process that supports the Procurement team in the activities they perform to make qualified suppliers and negotiated best-value agreements available to the organisation for use when they need to buy something.

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Spend Control

Spend control is the aim of all organisations - to control what is being purchased and to optimise spend and supply chains so they can reach their full potential. Spend control helps to save money and create efficiencies while increasing compliance and reducing risk, and includes all elements of the Source-to-Pay (S2P) process.

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