Is Source-to-Pay the Right Procurement Technology Strategy For You?

My first performance this year as part of the BravoSolution Real World Procurement series comes on February 28th at 12 noon and 7pm when I will be talking about Is An Integrated Source to Pay Solution Right For You? We will cover what you need to know about the “source-to-pay” concept: the process and the technology. You can book here for the sessions.

Now those of you who know me well will also know that I am not exactly a “techie”. I did 66.6% of a Maths degree at university, and learnt to programme on the Cambridge University Maths Department mainframe computer, which ran on a programming language which was used … by the Cambridge University Maths Department mainframe. And nowhere else in the world, quite literally. Who knows, if they had taught me Basic or Fortran I might have become Britain’s Bill Gates. (But probably not ..)

Anyway, that’s a digression, but the point I wanted to make is that I'm not in love with technology for technology’s sake. Yet we all probably realise that CPOs and other procurement leaders today simply must have a reasonable grasp of the tech issues that directly affect their jobs. Understanding spend analytics, purchase to pay, eSourcing and so on is no longer a nice-to-have for leaders in the profession, it is an essential.

So the topic for the 28th is an important one, but I aim to keep it largely at a “business” level rather than delving into the super-detailed tech details. Many organisations are looking at this issue: should we move towards an integrated, “source-to-pay” approach to our procurement technology strategy, or look at more separate elements that can be linked up when necessary?

To answer that fundamental question, you need to know the answers to other questions like:

  • What exactly is the difference between source-to-pay and purchase-to-pay?
  • What are the advantages of source-to-pay and integrated suites? And are there any drawbacks?
  • How can I quantify the benefits and build the business case?
  • What questions should I ask the providers of these solutions?

So those are the sort of areas we plan to cover. I‘m going to talk for no more than 25 minutes, I promise, so we have time for questions and discussions, which is usually the best bit of these webinars. So do join me on February 28th – there are two live sessions, one at 12 noon UK time, and one at 7pm UK time which is 2pm on the East coast of the USA and 11am in California, so more suitable for participants in that country.

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