Empowering End-to-End: Three Ways to Close the Loop in Your Source-to-Settle Process

The Source-to-Settle process is a strong differentiator for world-class companies.
 
Organizations that optimize this collaborative process operate with a very high level of efficiency. They can focus their energy on strategic activities, and they achieve better results, compared with Their peers.
 
It is generally understood that the source-to-settle process – and specifically the procure-to-pay Activities within it – needs to be managed as an end-to-end activity. But how do you optimize your End-to-end process?
 
Even high performers can experience process breakdowns, and higher costs and risks, when Processes aren’t fully optimized. Invoice errors that must be fixed, invoices that don't match Purchase orders or contracts, and the inability to capture early payment discounts are some examples of the impact of broken processes on business performance.
 
Ariba, an SAP company, and sharedserviceslink collaborated on a study to help you understand:

• Where might your processes be broken?
• What are the consequences to your organization of relying on too much
• Manual effort in source-to-settle activities?
• What are strategies you can follow to achieve world-class results?

This study looks at four ways that we see companies ‘leaking’ money in the source-to-settle process, and three actions you can take to stop it.