Source-to-Pay is the end-to-end spectrum of Procurement related processes and activities that revolve around how a business manages its suppliers and its spend.
Source-to-pay (S2P) includes strategic procurement activities such as spend analysis, sourcing, contract management and supplier management (which includes supplier information, risk and performance management) as well as downstream activities such as e-procurement, purchase orders, invoice automation and accounts payable processes.
Ivalua's definition of the source to pay cycle is much more than a series of processes. Our customers and us see it more as a value-generating cycle where businesses can:
All your spend and your suppliers, in a single platform, without compromise. Ivalua enables businesses to get up and running rapidly anywhere along the source 2 pay process and power the complete digital transformation of Procurement across the complete process. When ready, organizations can also adapt the platform to create a competitive advantage for the business.