oboloo Glossary

Source To Contract Solutions

oboloo Glossary

Source To Contract Solutions

Source to Contract Solutions, or S2C for short, are an essential part of the procurement process. It’s a series of steps taken by organizations to manage the buying and selling of goods and services. On the sourcing side, this may include vetting vendors, evaluating pricing options, and ensuring compliance with regulations. And on the contracting side, it covers everything from negotiating terms to monitoring payment performance. But perhaps most importantly, S2C Solutions provide visibility into all stages of the process, so companies can make informed decisions throughout their procurement process. Ultimately, this system of processes helps organizations save money, increase efficiency, and protect their bottom line.