In order to understand the drivers and benefits of digitising source-to-pay ( S2P ) and procure-to-pay ( P2P ), we must first understand the difference between the two .
Etosha Thurman , Chief Marketing and Solutions Officer , Intelligent Spend and Business Network at SAP , explains this well :
“ In my mind , source-to-pay ( S2P ) encompasses procure-to-pay ( P2P ), and yet they really focus on two different things . S2P focuses on the strategic procurement side of things . It starts with the process of finding a source of supply in a cost-competitive manner , navigating the finding of suppliers , negotiating rates , signing contracts , fulfilling contracts , and payments .
“ Since the start of March 2022 , we have already had 852 suppliers raise their hand to support Ukraine .”
ETOSHA THURMAN CHIEF MARKETING AND SOLUTIONS OFFICER , INTELLIGENT SPEND AND BUSINESS NETWORK AT SAP
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