New and Emerging Technologies in the Source to Pay process

According to a report, 56% of Source to Pay tasks are fully or largely automatable. This highlights a great opportunity, as more and more companies are rigorously inspecting the core processes that run their business, seeking areas to add efficiency in the Source to pay process.

The source-to-pay process includes strategic procurement activities like spend analysis, sourcing, contract management, supplier management, and final activities like e-procurement, purchase order processing, invoice automation, accounts payable, and payment processes.

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