Finance & Procurement: The Source-to-Pay Dream Team
By Emmanuel Olivier, Esker Worldwide Chief Operating Officer
Executive Insight
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By Emmanuel Olivier, Esker Worldwide Chief Operating Officer
There’s a new acronym currently gaining attention in the world of finance and procurement: S2P. Standing for “source-to-pay,” it’s not just a rebrand for procure-to-pay (P2P) like you might think at first glance. Rather, it’s an expanded approach to managing and optimising the process of procuring goods and services by starting at the one step preceding procurement: sourcing.
While P2P starts with the requisition of a purchase — often from a preapproved catalogue of suppliers — S2P begins the actual sourcing of goods, covering every step in the process from spend management, strategic sourcing and supplier management, through to purchasing, performance management and accounts payable (AP).
So why does this matter? Read more in this new Executive Insight from Esker's Worldwide COO, Emmanuel Olivier.
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“The discipline that Esker drives in the credit and collections process is phenomenal. In my 20-plus years, it's the best product I've ever used based on its simplicity and ease of navigating.”Global Director of Financial Services | Trek Bicycle
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About Esker
Esker is the global authority in AI-powered business solutions for the Office of the CFO. Leveraging the latest in automation technologies, Esker's Source-to-Pay and Order-to-Cash solutions optimise working capital and cashflow, enhance decision-making, and drive better collaboration and human-to-human relationships with customers, suppliers and employees.
Since 1985, Esker has helped companies in their efforts to digitally transform business communications, with global headquarters in Lyon, France, and U.S. headquarters in Madison, Wisconsin.
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