Source-to-pay is a term that refers to a solution intended to control the entire procurement process. Unlike Procure-to-Pay solutions, which target a portion of the process, Source-to-Pay solutions are inclusive of all related activities such as strategic sourcing, spend analysis, and Procure-to-Pay. Source-to-Pay solutions allow organizations to streamline efforts between many teams within an organization.

A Source-to-Pay solution suite should offer, at minimum, the following capabilities.

·         Spend Analytics

·         RFx (RFQ/T, RFP, RFI, Survey)

·         Catalog Management

·         Purchase Order (PO)

·         Contract Management

·         Accounts Payable and Financial Reconciliation