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Ivalua’s global reach of buyers and their suppliers helps us deliver on our mission-providing access to working capital to businesses so they can grow and thrive. Once an organization has the complete Strategic Payment cycle in place CFOs can use the end-to-end visibility to control bottom-line growth with targeted programs. .
Procurement can and should be a significant value generator for the larger organization. There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier.
The Source-to-Pay process itself is quite broad but it covers most if not all the aspects of a procurement organization, at least from a process and technology perspective. S2P is the end-to-end process that encompasses all the activities between an organization and its suppliers.
Staffing for the core team members and project leadership must flex with the needs of the implementation effort. How will the project schedule and phases align with team members’ other work responsibilities? The same thought process should be extended to the larger procurementteam.
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