12 recommendations to implement a source-to-pay solution | #5. Remember your project goals and set up KPIs

Previously, you have defined the main lines of your S2P project and select the best vendor. However, after having consulted several software providers, you are now aware of the multitude of functionalities available in the market.

Previously, you have defined the main lines of your S2P project and select the best vendor. However, after having consulted several software providers, you are now aware of the multitude of functionalities available in the market. That is why you need to remember your project goals, to avoid irrelevant solution implementation.

How could you ensure to stick at your initial project goals? What key performance indicators (KPI) must you set up?

 

1. Remind your project goals

The day you have decided to implement a new S2P solution, you wanted to reach some specific objectives such as cycle time improvement, end-user experience enhancement, budget controlling during the whole S2P process, non-value-added tasks reducing, etc. Perhaps you already used procurement solutions for a part of the S2P process but looked for IT architecture harmonization throughout your organization. Anyways, you had specific objectives.

We usually split the whole S2P process in 4 modules: Sourcing-to-Contract, Procure-to-pay, Supplier data & Supplier relationship management, Reporting & Analytics. Each of them has specific objectives behind them.

 

 

Sourcing-to-Contract (S2C) includes tendering, program management, contract authoring and lifecycle management. This part involves manipulation and exchange of a lot of different documents such as NDAs, Rfx, assessment grids, contracts, amendments, and any other additional documents supporting the S2C process. When not tooled, sharing such volume of documents can lead to document loss, wrong version sharing, hazardous data manipulation.

Since S2C solutions manage document versioning, sharing, and even e-signature, the main strength of such solutions is to enhance the user experience whilst dealing with these topics.

See the release written by Pauline Moreau, Axbility Senior Consultant bellow !

White Paper S2P

 

 

 

 

 

 

 

 

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