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A procure-to-pay solution offers a seamless process from point of order to payment. At Ivalua, we’ve seen how a Procure-to-Pay business process ensures sustained benefits through good buying practices, improves visibility and swifter issue resolution, and enables proactive management of suppliers. Reduced errors, fraud and risk.
Challenge: Indonesia’s public procurement sector is highly vulnerable to corruption. Public procurement stands out as the most vulnerable sector to corruption in Indonesia. The collaboration revolves around the corruption risk monitoring platform, Opentender.net , developed by ICW and the national public procurement agency LKPP.
A procure-to-pay solution offers a seamless process from point of order to payment. At Ivalua, we’ve seen how a Procure-to-Pay business process ensures sustained benefits through good buying practices, improves visibility and swifter issue resolution, and enables proactive management of suppliers. Reduced errors, fraud and risk.
Viparis has chosen Ivalua and CKS to equip its Procurement department with a software suite that meets the challenges of an exceptional deadline for the 2024 Olympic Games in Paris and will help sustain the Group’s growth. The solution implemented is based on a “pre-configuration” that combines the reference functionalities of e-Procurement.
Thanks to a number of integrations, the implementation of Ivalua’s platform will ensure end-to-end coverage of the Source-to-Pay (S2P) cycle, providing a seamless user experience resulting in higher adoption, and increased process as well as policy compliance.
It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. S2P is the end-to-end process that encompasses all the activities between an organization and its suppliers. What is Source-to-Pay?
What does Procurement mean? An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis.
The lack of end-to-end flow results in a gap around payments, resulting in increased levels of inquiries and breaks the supply chain as suppliers put deliveries on hold. It is not linked to the sourcing, contracting, or purchasing systems, where suppliers can be invited to enter them as part of an award or order. . Stay tuned!
Procurement transparency exists within the public sector because it is required by law. It is one thing to make tenders public, and another to offer suppliers visibility into the end-to-end bid management process and final award decisions. And yet, not all transparency is equally effective.
At the heart of every procurement process is the Accounts Payable team and our AP Automation software module has been built to support these skilled workers. This could be a verbal confirmation, an email, a signed Contract, or a formal Purchase Order. One-click approval for invoices, receipts and exceptions to streamline the journey.
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