Many large global organizations have long, inefficient source-to-settle cycles and significant amount of capital blocked in their accounts payable. By streamlining and automating their source-to-settle activities, enterprises can boost process efficiency, unlock cash held up in accounts payable and achieve bottom-line cost savings.
Move all activities connected to your business purchases — requisition, sourcing, RFx, auctions, generation of purchase orders, receipt and payment of invoices — to an electronic, source-to-settle platform. Increase buyer adoption with easy-to-use source-to-settle technology. Improve spend visibility and compliance.
Eliminate errors and save time and effort spent on manual data entry and paperwork by using intuitive and efficient source-to-settle tools. Seamlessly flow in data from multiple sources to generate and process all documents related to sourcing, purchasing, invoicing, payment and settlement.
Automatic workflow approvals speed up the entire source-to-settle process. Gain efficiencies and free up resources to focus on activities that drive more value.
Streamline Your Source-to-Settle Processes
Cut down cycle time for all activities
Streamline and optimize your payments
Unlock cash from accounts payable
Achieve better compliance
Reduce cost of transactions
What You Get
Increased Spend Visibility – Consolidate all your spend data from multiple sources for real-time visibility and analysis
Enhanced Purchasing Experience – Source products or services from across the globe with a consumer style purchasing experience using intuitive, source-to-pay tools
Process Automation – Streamline and automate all the downstream activities, reducing cycle time, eliminating paperwork and errors
Advanced Sourcing Capabilities – Manage RFx, Auctions and other sourcing events on an online collaborative platform
Contract Management — Reduce the time, effort and paper used to create, manage and monitor contracts
Why it Matters
Boost Efficiency – Automated generation and processing of documents such as purchase orders, receipts and invoices enhances process efficiency
Increase Adoption — Ease of use boosts adoption and improves compliance as more spend is routed through a centralized purchasing platform
Unlock Capital in Accounts Payable — Fast processing of invoices and settlement of payments releases valuable cash from the accounts payable process
More Savings — Drive higher savings across the source-to-settle cycle by reducing the cost of transactions and processing payments