Implementing a Source to Pay solution is a major step towards better spend management. It can help your organisation to capture savings, improve efficiency and gain control. The strongest organisations keep project momentum going from the very start of the implementation journey straight through to completion. These are the businesses that really deliver against the e-procurement business case.
Once you have made a significant investment in a Source to Pay (S2P) system, it is important to check after go-live that you are getting the best return on your investment. Implementing a new system doesn’t automatically change behaviors, and technology on its own won’t transform your procurement processes. So, unless you take the time to examine what is actually happening with your spend, you may be missing opportunities to realise your original business case benefits.
Having an occasional health check for your systems gives you an opportunity to evaluate your Source to Pay solution and progress to more in depth analysis and planning.
As an organisation you need to ensure you are getting the most out of your source to pay solution investment. Sometimes progress can be slow or even blocked, either through the mechanics not being right or through less focus on the right user adoption and behaviours.
Let’s have a look at the main benefits which you can realise when optimising your S2P platform:
Having a standardised optimisation report, which highlights areas that can be improved upon, ensures your business function obtains maximum value from the Source to Pay solution you have spent time and resources implementing.
This article will be shortly followed by a 2nd part where we explain hands on situations where improving your Source to Pay solution has made a big impact!
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