The Source-to-Pay process is what drives overall Spend Management strategies within Procurement organizations.
It is a complex set of activities including spend analysis, sourcing, contract management, supplier management and procure-to-pay. Too often, organizations lose tremendous value across this process due to disconnected processes, siloed data, inconsistent user experience, multiple supplier records, poor analytics, etc.
According to Ardent Partners, 62% of all procurement leaders reported taking a suite-based approach to their technology deployments over the last two years. When natively integrated, Source-to-pay solutions:
1. Improved sourcing savings by 23% - 42%
2. Reduced savings leakage by 38%
3. Increased compliance by over 26%
See the power of managing all your spend and supplier related activities within a single, unified platform.
Agenda
Understand the tremendous value of having a single platform across source-to-pay
See how value is identified and created through spend analysis and sourcing automation
Capture that value in a timely manner through contract management
Empower users to efficiently buy from preferred suppliers
Streamline supplier invoices and payments to build stronger relationships
Finally, underpin all of the above with solid supplier information, risk & performance management
Presenter
Edward Baxter
Solution Consulting Manager, APAC
Edward Baxter has been in the procurement software industry since 2007, in a variety of customer-facing roles. Currently he leads Ivalua's Asia Pacific Solutions Consulting team, supporting APAC organisations as they assess the value that Ivalua's S2P capabilities deliver.
Outside of work he has 2 children under 3 years of age, and any (limited!) spare time he spends building Lego models!