SOURCE TO PAY (S2P)

Source-to-Pay (S2P) is a vital operational sequence that covers the entire procurement process from sourcing to payment and is divided into key segments, mainly strategic sourcing, tactical and transactional. This segmentation has become more pronounced due to the intricate geopolitical and economic conditions, which demand the consistent availability of products, raw materials and services in the Supply Chain arena.

Challenges today in S2P execution

Implementing a Source-to-Pay (S2P) process can indeed present challenges.

Stakeholder Alignment

- Securing the commitment and cooperation of all key stakeholders for the implementation of the transforming S2P system presents its own set of challenges
- The deployment of successful communication and change management strategy, tactics is crucial to mitigate business requirement and guarantee a seamless transformation

Data Integration
- Integrating data across various systems and processes is crucial for a seamless S2P cycle
- Challenges arise when discrete data sources need to be standardized and harmonized
Lack of Spend Visibility
- Inadequate insight into spend data can result in operational inefficiencies and lost opportunities for cost optimization
Supplier Management
- Overseeing supplier relationships and performance can be intricate, particularly when dealing with a vast supplier base
Compliance and Risk Management
- Navigating regulatory requirements and mitigating risks linked to suppliers and procurement activities can be complex

EMT SCM approach to Enhanced S2P

Integrating digital enhancements into the Source-to-Pay (S2P) process is a forward-thinking strategy for organizations, aiming to optimize procurement operations and increase efficiency.

End-to-End Transformation

- To fully harness the benefits of digital procurement, organizations need to comprehensively transform their entire Source-to-Pay (S2P) process
- This user-oriented approach ensures that all stakeholders involved in procurement operate within a fully digital environment

Technologies for Automation

- Emerging technologies, such as Robotic Process Automation (RPA), Machine Learning and Advanced Artificial Intelligence, Gen AI can overcome barriers to automation
- Almost 40 – 60% of S2P tasks can be fully or largely automated using existing technologies
- Automation potential exists not only in transactional activities but also in strategic elements like vendor selection and management

EMT PCC

- EMT SCM experts and professionals assist in the seamless Source to Pay (S2P) process with deep understanding of process mining approaches, process harmonization and the Digital PCC Module (Procurement Command Control Tower) to bring live information and data to stakeholders for the right decision at the right time
- EMT expertise in S2P

EMT SCM professionals deliver integrated Source-to-Pay (S2P) services, encompassing sourcing, ordering and payment processes, to strengthen supplier partnerships and achieve optimal outcomes.