Top 10 Source-to-Pay Providers
In the modern world, source-to-pay (S2P) is heavily reliant on big data, digital networks, and the technology supporting them to create a seamless, efficient procurement process. Rather than segregating individual tasks in the procurement process, leading companies and multinational supply chain operators now aggregate activities on single, centralised platforms. Through this move, leaders can get an overview of their procurement operations, use data to improve performance, gain better spend analysis, and drive business value.
The Top 10 S2P service provider report assessed and scored service provider participants across execution, innovation, and voice of the customer criteria. The inputs to this process were detailed RFIs that HFS conducted with twelve service providers, briefings with leaders within service providers in the procurement sphere, interviews, and surveys with reference and non-reference clients, and publicly available information sources.
“HFS envisions procurement as the ‘ecosystem builder’ for the enterprise, not just a cost-focused, back-office function. As the role of procurement radically transforms, the client expectations from third-party source-to-pay (S2P) services are rapidly evolving”
Saurabh Gupta, President and Chief Strategy Officer