Supplier Management Compass- Free Research Download
Making ERP Procurement Technology Work – Essential Third-Party Technologies, Solutions and Deployment Models to Accelerate Returns
The ERP source-to-pay landscape has spent the last decade transforming itself from a blank canvas to a partially complete montage, with varying degrees of elegance and execution. Despite the fact that both Oracle and SAP have greatly evolved their solution sets in this time, both acknowledge that gaps remain (e.g., supplier enablement and invoice automation) through their actions to engage preferred partners. Yet it’s now possible to take an approach to procurement and supply management systems that standardize on ERP vendor platforms by filling in the gaps along the way, rather than putting best-of-breed as the front and center component of a procure-to-pay (P2P) architecture (which also remains an option, for those who want the most innovative capabilities).
This Spend Matters Compass Series paper highlights a number of the areas in a typical P2P technology architecture and solution approach where third parties can help augment and enhance the core capabilities of ERP Spend Management tools, specifically in the purchase-to-pay arena. By no means does it introduce an exhaustive list of third party capabilities and solutions (we encourage readers to probe additional areas based on their unique needs), but we hope to accomplish the equivalent of the 80/20 sourcing rule by calling attention to the areas where it’s possible to have the greatest impact by considering third-party solution types where vendors for consideration may or may not be the official partners of your ERP provider. Specifically, the paper examines three distinct areas where third-party solution providers (both ERP partners and non-partners) can help round out ERP capabilities:
- Supplier Onboarding
- Catalog and Master Data Management
- Invoice Automation/Connectivity
Last, the study also looks at the pros/cons of SaaS and cloud deployments (hosted via third-parties) of ERP P2P technologies.