Stages of successfully implementing a source to pay process

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Stages of successfully implementing a source to pay process

"Stages of successfully implementing a source to pay process"

3 Stages on a Successful Source to Pay Implementation Journey

3 Stages on a Successful Source to Pay Implementation Journey

White Paper: Xoomworks BI

What is a source to pay? Why do you need a source to pay process?

Source to pay provides complete end- to-end outsourcing solution. Processing thousands of invoices, supplier data, purchasing requisitions and expense details is a burden. In order to overcome this challenge, an organization needs a procurement process to manage purchasing, sourcing events and improve business performance.

Source to pay process spreads across all the departments in businesses and suppliers in a way that no other system does.

Procurement process not only creates a better strategic sourcing approach that delivers greater savings and enhanced visibility, but also increases control and ongoing process.

This white paper teaches you three stages involved in successfully implementing a procurement solution for source to pay. It focuses on six areas and opportunities that need focus during implementation of a source to pay solution:

  • Choosing the right implementation partner

  • Early and ongoing stakeholder engagement and  communication

  • The mechanics of data and integration

  • Implementing Saas on cloud storage

  • Internal drive and motivation

  • Adding  efficient content

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