Defining the Next Generation Source-to-Pay Platform
In part 1 & part 2 of this 3-part series, Jason Busch and Michael Lamoureux of Spend Matters covered the limitations of point solutions and suites. They show you how a best-of-breed, end-to-end source-to-pay platform addresses those concerns.
A platform brings the foundations to conquer myriad source to pay problems. Specifically, a cloud-based platform that is workflow-driven, process-oriented, open by design and easily extensible is key to supporting the types of expectations procurement must meet today. In other words, a suite-based platform must combine source-to-pay application capability with an enterprise business software framework that allows procurement to support not only its own processes but that of its stakeholders, too.
Supporting modern use cases for source-to-pay scenarios requires more than just meshing together source-to-contract and procure-to-pay suite functionality. Rather, procurement must now provide support across the strategic sourcing and buying lifecycle. In this final part you’ll learn why, if procurement is to deliver on its mission providing support across the strategic sourcing and buying lifecycle, a source-to-pay platform is the only way forward.
- Source to contract adaptability
- P2P configurability
- Integrating contingent services
- Supplier relationship management
Download this whitepaper to learn what to look for in a next-generation source-to-pay platform.