Source-to-pay (S2P) solutions are huge performance drivers for those who are involved in procurement. It makes procurement streamlined, efficient, and faster than you ever thought possible. This type of platform touches every point of the procurement process, from spend management to how you handle your vendors. It addresses accounts payable, strategic sourcing options and outright purchasing.
More and more large companies are using source-to-pay technology. Compared to piece-meal systems or using make-shift solutions, source-to-pay platforms provide a single solution for procurement that is more efficient, has higher visibility, and often has an overall positive impact on many companies' bottom line.