Source to Pay (S2P) is a business process that encompasses the entire procurement cycle from the initial sourcing of goods and services to the final payment for those goods and services. It is an integrated system that streamlines the entire process, allowing businesses to efficiently and effectively manage their procurement activities. The S2P system is designed to reduce costs, increase efficiency, and improve compliance with internal policies and external regulations. It also helps to improve visibility and control over the entire procurement process. By automating the entire process, S2P can help businesses save time and money, while ensuring that all procurement activities are conducted in a timely and compliant manner. Additionally, S2P can help to improve the accuracy of procurement data, allowing businesses to make better decisions and improve their bottom line. Ultimately, the S2P system is designed to help businesses maximize their procurement activities, while minimizing costs and ensuring compliance.
