What is Source-to-Pay (S2P)?
Source-to-Pay (S2P) connects strategic sourcing and procurement with financial operations
1. 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
2: Spend control, minimised supply-chain risk, improved compliance, reduced costs of goods and services - all through process digitisation and automation.