oboloo

oboloo Glossary

Source To Pay

oboloo Glossary

Source To Pay

Source To Pay (S2P) is an integrated approach to managing the procurement process from start to finish. It encompasses all activities from the identification of a need for goods or services, to the selection of a supplier, to the payment of invoices. The official business definition of Source To Pay is a comprehensive set of activities and processes that enable an organization to efficiently and effectively manage the entire procurement process. It is designed to streamline the process, reduce costs, and improve the quality of goods and services. S2P is an integrated system that allows organizations to manage the entire procurement process from a single platform. It enables organizations to track and monitor the entire process from beginning to end, including the identification of suppliers, the selection of goods and services, the negotiation of contracts, and the payment of invoices. S2P also helps organizations to reduce costs and improve the quality of goods and services by automating the procurement process and providing visibility into the entire process. By utilizing S2P, organizations can improve their efficiency and reduce costs while still ensuring the highest quality of goods and services.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971