Maximising the savings and compliance opportunity throughout source-to-pay lifecycle
Best-in-class purchasing organisations universally understand that eSourcing and purchase-to-pay are essential bedfellows, with purchase-to-pay delivering the compliance that is essential to deliver on the promise of eSourcing returns.
Moreover, those organisations accept that a source-to-pay solution from a single vendor, rather than separate providers for sourcing and purchase-to-pay systems, offers considerable benefit.
An integrated solution places buyers at the heart of the procurement process. When users raise a requisition in web3 P2P that requires buyer intervention, perhaps for a high value item where no current supplier or framework exists, the requisition (or even just selected lines) can be dropped directly into a web3 eSourcing event – from PQQ through to auction.
A single, holistic purchasing environment allows data (supplier records, product catalogues, and contracts to name a few) to flow seamlessly between activities, greatly reducing the maintenance and management overhead that exists when records are kept on multiple systems.
In addition, web3 S2P delivers:
- Comprehensive end-to-end audit of the purchasing process in an integrated reporting environment
- Simpler and more efficient supplier adoption, management and KPI reporting
- Lower training and support costs thanks to a common, consistent user interface
- A single point of management for all procurement technology
Wax Digital is one of the few providers in Europe capable of delivering a genuinely end-to-end source-to-pay solution set, enabling strategic sourcing savings to be crystallised by enforcing compliant, on-contract spend across your organisation.
Make better connected business a reality with web3 solutions - contact us today to find out how we can help transform business processes and deliver significant cost reduction in your organisation.
Find out more about the constituent parts of Wax Digital’s class-leading web3 S2P software:
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