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The small team is tasked with managing a wide range of responsibilities, including overseeing the purchasing budget, soliciting and evaluating bids, addressing supplier queries, finalizing purchases, and handling payments. “Securing three quotes for our purchases poses a significant challenge.
Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?
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