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‘Source-to-Pay’ e-Procurement Is Real Performance Driver for Purchasing Departments
Date:7/10/2014

Redwood City, CA (PRWEB) July 10, 2014

Ivalua, the global leader in Spend Management, announced the latest results of the 4th “Trending in Procurement” report on the value of the "Source-to-Pay” suite model.

Every day multinational corporations process thousands of invoices, purchase requisitions, supplier data, contracts, expense forms etc. To meet this challenge, more and more purchasing departments are deploying "Source-to-Pay" (S2P) suites which can be defined as a suite of integrated applications designed to manage the procurement processes from strategic Sourcing and Spend Analysis to operational Procure to Pay, all within a single solution.

The S2P suites model allows an easy and efficient management of activities such as: auctions, spend analysis, purchasing categories management, purchase requisitions, event sourcing, billing, and vendor relations within the same solution. In order to understand the value of S2P suite model fully and obtain the feedback from Purchasing Department on their user experience and their expectations of S2P suites, “Trending in Procurement” surveyed more than 200 procurement professionals based in North America and Europe between March and April of this year.

The main results of the survey are:

  • Purchasing Departments consider the Source-to-Pay suite model a true performance driver, as it improves procurement team performance (100% of respondents) and contributes to a better spend analysis (90%).
  • Performance gains are more obvious in homogeneous-suites environments (one code, one database, one architecture) than in heterogeneous-suites environments (suite of non-integrated modules, operating from different codes, databases and architectures).
  • The procurement categories most often cited, as being a target for a specialized solution (or niche solution), were travels and expenses, services, and raw
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