Source to Pay (S2P)
Manage ALL Spend & ALL Suppliers without Compromise
See Ivalua's Source-to-Pay Solution in Action
What is Source-to-Pay?
S2P is a process which starts with finding suppliers, negotiating terms and contracting to receive goods from these suppliers. This process terminates with the payment of goods and services.
Businesses who are using Source-to-Pay for competitive advantage have all spend and all their suppliers in one platform. This platform connects the complete source-to-pay process internally and across the entire process to improve performance, visibility and value.
Source to pay 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.
Discover Ivalua’s Source to Pay
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Deliver Value
Quickly- Quickly deploy packaged solutions
- Start your digitization journey
- Streamline part of the source-to-pay process
- Drive user adoption and awareness
- Begin generating value
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Extend Value Generation Across Source-to-Pay
- Expand source-to-pay transformation across all spend and all suppliers
- Continuously identify, create, capture and monitor value across source-to-pay cycle
- Deploy best practices and tailor processes to meet your business needs
- Improve data quality and analytics across Source-to-pay
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Turn Source-to-Pay Into A Competitive Advantage
- Enable true business agility and adaptability
- Build a stronger and more resilient supplier base
- Get a better handle on supplier risk management and performance
- Impact innovation, sustainability, time to market and more
How Ivalua turns your Source to Pay Process into a value-generating
cycle for Procurement Leaders
Ivalua’s definition of the source to pay process is much more than a series of processes. Our customers and us see it more as a value-generating cycle where businesses can:
- Identify value by understanding spend and the source-to-pay process
- Create value by effectively executing sourcing strategies
- Capture value with contracts and compliant buying and invoicing
- Monitor and measure value with accuracy around information, risk and performance
Discover Ivalua Source-to-Pay
All your spend and your suppliers, in a single platform, without compromise. While that may seem like a dream, it’s not for many Ivalua customers. One platform connecting the complete source-to-pay process internally and across the supplier base with a layer of analytics across the process and an easy, intuitive and consistent user experience.
Ivalua enables businesses to get up and running rapidly anywhere along the source to pay process and power the complete digital transformation of Procurement when the organization is ready for it.
We don’t stop there, we believe that Procurement organizations can go well beyond best-in-class performance to create unique competitive advantages for their businesses.
Ivalua’s Source-to-Pay suite was one of the best things we’ve done. Ivalua helped make things more efficient and brought so much transparency and value to Piramal.View the Demo
Ivalua Platform
Supplier Risk & Performance Management
All your supplier information, risk and performance data in one place.
Suppliers are the key to it all. Collaborate with them in seamlessly across your source to pay process to get accurate information, assess risk and improve performance and even drive innovation.
- 360-degree view of all suppliers information and activity
- Supplier risk & performance assessment and action
- Structured collaboration plans to correct issues or drive innovation
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Sourcing
A simple, collaborative and powerful sourcing solution to meet any need.
Streamline, simplify and improve sourcing and esourcing activities and Procurement processes, ensuring best practices are adopted.
- Source ALL Spend
- Unparalleled project & initiative transparency
- Optimal supplier selections
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Contract Management
Lock in the value, manage the entire contract lifecycle with ease
Ensure that contracts are easily searchable, tracked, and managed to maximize contract value and manage all contracting processes.
- A central contract & clause repository
- Faster contracting with collaborative authoring and negotiation
- Maximize contract value with compliance
eProcurement
Modern user experience meets enterprise control.
Digital procurement solutions to empower your employees and suppliers. Simplify the buying experience, achieve high adoption, and manage all spend.
- An guided, e-commerce user experience
- Maximize user and supplier adoption and compliance
- Tailored workflows and digital business processes for all spend types
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Invoicing & Payment
Turn your accounts payable team into a top performer
Transform the account payable journey into touchless, globally compliant invoice automation:
- Handle all Invoice processing streams from PDF email to EDI
- Supplier self-validation & self-matching in Portal
- Smart 4-way matching with one-click approval
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Spend Analysis
Understand all your spend and identify value
Unparalleled transparency into your spend through robust cleansing, classification and enrichment to uncover value generating opportunities
- Analyze spend from any and all sources
- Powerful classification in real-time
- Clear visibility and transparency into spend classification
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With the right team and the right technology, true digital transformation is possible. Ivalua’s platform empowered us to realize virtually 100% paperless procurement and account payable processes. The ease of use and supplier friendly model delivered rapid value, and the flexibility helped bring our talent’s best ideas to life to build a competitive advantage.View Demo
Resources
Discover Ivalua Source-to-Pay
Creating Value Across Your
Source-to-Pay Process
The 2021 Pivot: How Leading CPOs Are Mastering Procurement’s Post-Pandemic Response
How to Avoid Overlooking the Strategic Value of
Source 2 Pay Suites
