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Opportunities abound to improve your source-to-pay processes, but do you know where to start? Which system enhancements or redesigned processes will provide your organization the greatest benefit for the lowest total cost?
Our Source-to-Pay Process (S2P) Diagnostic assesses our clients’ people, processes and technology capabilities and provides “quick win” recommendations improving current solutions and providing immediate benefits without a large investment.
But tactical fixes can only go so far, SMART provides clients with a long-range roadmap to implement strategic, streamlined business processes and effective technology solutions.
Service Offerings Include:
• Procurement Fit Test (PFT) – Matrix of transactional and behavioral questions that identifies areas for improvement and how an organization compares to industry and best-practice benchmarks.
• Spend Analysis – Procurement and accounts payable data is sliced and diced to understand commodity and spend patterns. Sourcing opportunities are identified.
• Process Assessment – From sourcing and contract activities to procurement and payment, we assess all phases of the S2P process to identify repetitive or inefficient business processes.
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