Source-to-Pay Suites Reviews and Ratings
What are Source-to-Pay Suites?
Gartner defines the source-to-pay (S2P) suite market as an integrated set of solutions to source, contract, request, procure, receive and pay for goods and services across an enterprise. These solutions typically are sold as cloud-based software as a service.
Source-to-pay suites allow organizations to manage all of their sourcing and procurement activities within a single integrated solution. These solutions are modular in nature, allowing customers to activate/implement the functionality that is relevant for their needs, and are ERP/financial-system-agnostic. The integrated nature of these solutions allows for data to easily flow across the source-to-pay process, providing needed visibility to upstream and downstream information. For example, users can view a purchase order alongside its related contract, the sourcing event that led to the contract, and connected downstream documents like receipts, invoices and payments.
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Coupa Software is a cloud-based platform focusing on business spend management (BSM). The primary objective of Coupa Software is to provide companies with the necessary tools and features needed to gain visibility and control over their business expenditures, enabling them to make more effective and secure spending decisions. The company has a global outreach and serves an extensive range of businesses worldwide.
SAP is a company that aims to improve operational efficiency worldwide. The primary focus is on helping customers optimize their business operations. SAP develops innovative solutions to support this objective. The company plays a crucial role in transforming industries by fostering opportunity and equality on a global scale. By collaborating with customers and partners, SAP is capable of making substantial changes across various industries, supporting the growth and development of economies and societies.
GEP is a global enterprise specializing in transformative supply chain solutions. It offers agile and resilient operations to enhance efficiency and productivity, while boosting profitability and shareholder value. GEP is comprised of three entities: GEP SOFTWARE, GEP STRATEGY, and GEP MANAGED SERVICES, all of which work collectively to address supply chain challenges. With the aid of its innovative products and dedicated team, GEP continues to cater to enterprises globally, assisting in the attainment of strategic, financial, and operational goals. As an AI-first, cloud-native company, GEP uses digital business platforms to support and streamline processes. It is a global enterprise, headquartered in Clark, New Jersey, with operational centers across Europe, Asia, Africa, and the Americas.
JAGGAER fundamentally operates as a pioneer within the Autonomous Commerce sector. The enterprise has engineered a self-operating B2B commercial experience inclusive of buyers, suppliers, and partners utilizing Internet of Things (IoT) technology. It enables a substantial flow of goods annually, across its Enterprise Commerce Network. AI and machine learning technology underpin JAGGAER's innovative procurement solutions, aligning the requirements of buyers with the competencies of suppliers via smart-match recommendations. These solutions are designed to autonomously conduct recurrent, backstage tasks required for facilitating commerce on the enterprise level. With a workforce exceeding 1,200, the focus of JAGGAER's operations revolves around ensuring customer success.
PRM360 is a product developed by a startup aiming to digitize and simplify price negotiation processes. The central goal of the tool is to increase efficiency during vendor negotiations. Designed to host and manage online negotiations, users can invite their regular vendors, obtain quotations, and perform online comparisons. The tool is aimed at creating a competitive environment promoting vendors to offer their most advantageous prices. PRM360 can be utilized for transactions of any vertical, as long as the transaction value equals or exceeds 1 lakh rupees. The tool is positioned to generate average savings of 10-15%, offering no extra implementation costs since it seamlessly integrates with the user's existing procurement process. Additional features offered by the tool include procurement pattern identification, exploration of market trends for cost reduction opportunities and vendor management services to ensure users work with competitively priced and reliable vendors.
Zycus is a company that specializes in cognitive procurement software. For the past two decades, it has been providing solutions to large international businesses. Through the Zycus Source to Pay integrated solution, tactical tasks are handled, allowing procurement and accounts payable officers to direct their attention to more strategic initiatives. The company's approach incorporates Merlin AI Suite, an innovative tool that facilitates data-driven decisions and offers a user-friendly conversational AI experience. The software developed by Zycus enables enterprises to realize significant savings, minimize risks and enhance compliance. The user interface is designed to be seamless and intuitive, encouraging wide adoption and delivering value across an organization.
Oracle is a cloud technology company that offers computing infrastructure and software solutions globally. This organization has developed an autonomous database, the first of its kind, to help manage and secure data. Oracle Cloud Infrastructure presents functionalities to facilitate the transition of workloads from on-site systems to the cloud, and vice versa, as well as between different clouds. Oracle's cloud software applications provide modern tools designed to support sustainable growth and resilience in businesses. Tools developed by Oracle are used by a wide range of users including nonprofit organizations and businesses of various sizes, to aid in operations like supply chain streamlining, human resource management, financial planning and connecting data and global users. Apart from business solutions, Oracle's technology also aids in tasks ranging from government defense to scientific and medical research.
Esker is a global cloud platform built to unlock strategic value for Finance, Procurement and Customer Service professionals, and strengthen collaboration between companies by automating the cash conversion cycle.
Esker’s solutions incorporate AI technologies to drive increased productivity, enhanced visibility, reduced fraud risk, and improved collaboration with customers, suppliers and employees.
Esker operates in North America, Latin America, Europe and Asia Pacific with global headquarters in Lyon, France, and U.S. headquarters in Madison, Wisconsin.
Ivalua is a provider of cloud-based Source-to-Pay solutions. Our complete, unified platform empowers businesses to effectively manage all categories of spend and all suppliers, increasing profitability, improving ESG performance, lowering risk, and improving employee productivity. We are trusted by over 400 organizations across the world, many of whom are admired brands.
Proactis is a company that provides a comprehensive Source-to-Pay software solution, mainly targeting mid-sized organizations across various service-led industries. The company's platform offers end-to-end features that concentrate on controlling expenditure and managing risks within the supply-chain. Moreover, it enhances the compliance and governance of procurement activities. Reduction in the purchase costs of goods and services and boosting efficiency via process digitization and automation are other major areas where the Proactis platform proves helpful. The company's value-driven proposition can efficiently work in tandem with ERP systems, enhancing control, visibility, and efficiency. Using Proactis' modular approach can help mid-market organizations achieve long-lasting benefits quickly, fitting well within their budget, priorities, and resource constraints. Globally, Proactis system is used extensively in various countries, with millions of users across sectors.
Medius makes AP autonomous, going beyond automation with intelligent tech to capture, process, and pay invoices. And because our AI gets smarter with every step, users can automate the entire source-to-pay process with the Medius Accounts Payable suite. Along with our clients’ ideas and insights, Medius continues to develop cloud spend management and AP automation software solutions that are optimized for every one of our buyer, finance and supplier users.
Zip is an intake-to-pay and procurement orchestration platform. Providing an intuitive starting point for any employee to initiate a purchase or vendor request, Zip helps businesses gain clear and timely visibility across all business spend and consolidates all the steps and tools used across finance and procurement processes in one platform.
Tradeshift is a global digital network and platform designed to transform procure-to-pay processes, connecting over a million businesses worldwide on a single cloud-based network. It streamlines procurement, invoicing, and accounts payable automation, allowing companies to digitize their supply chains and reduce manual tasks. Tradeshift enables faster supplier onboarding and collaboration, enhancing efficiency and transparency across the supply chain. With additional solutions for B2B marketplaces and embedded financial services, Tradeshift helps businesses achieve seamless digital transactions and accelerate supplier engagement.
SRM is a business enterprise centered on providing sustainable and effective solutions to tackle common operational issues encountered by corporations. Central to its mission is the development and implementation of efficient strategies to comb through complexities of various industries. The company’s primary directive is to offer practical and reliable resources that not only simplify day-to-day operations but also contribute to significant improvements in overall productivity. SRM diligently researches innovative approaches to continually aid companies with the goal of consistent operational growth.
Synertrade provides a comprehensive cloud-based platform called Synertrade Accelerate. This digital procurement solution enables efficient management of Source-to-Contract, Procure-to-Pay, and Supplier Relationship Management processes in a fully digitised and integrated manner, facilitating effective collaboration across various business functions. The platform is extensively utilized, with a broad user base and numerous registered suppliers. Synertrade, a part of the Econocom Group, operates globally with multiple offices, a sizeable workforce, and multilingual support.
Corcentric specializes in providing procurement and finance solutions on a global scale. It offers a blend of technology and payment solutions, supplemented by comprehensive advisory and managed services. The focus is to alleviate the challenges of procurement and finance business leaders by forming strategic partnerships to pinpoint issues and create specifically tailored solutions. The company has amassed over two decades of experience in assisting businesses with their unique difficulties and providing results.
Oracle is a cloud technology company that offers computing infrastructure and software solutions globally. This organization has developed an autonomous database, the first of its kind, to help manage and secure data. Oracle Cloud Infrastructure presents functionalities to facilitate the transition of workloads from on-site systems to the cloud, and vice versa, as well as between different clouds. Oracle's cloud software applications provide modern tools designed to support sustainable growth and resilience in businesses. Tools developed by Oracle are used by a wide range of users including nonprofit organizations and businesses of various sizes, to aid in operations like supply chain streamlining, human resource management, financial planning and connecting data and global users. Apart from business solutions, Oracle's technology also aids in tasks ranging from government defense to scientific and medical research.
JAGGAER fundamentally operates as a pioneer within the Autonomous Commerce sector. The enterprise has engineered a self-operating B2B commercial experience inclusive of buyers, suppliers, and partners utilizing Internet of Things (IoT) technology. It enables a substantial flow of goods annually, across its Enterprise Commerce Network. AI and machine learning technology underpin JAGGAER's innovative procurement solutions, aligning the requirements of buyers with the competencies of suppliers via smart-match recommendations. These solutions are designed to autonomously conduct recurrent, backstage tasks required for facilitating commerce on the enterprise level. With a workforce exceeding 1,200, the focus of JAGGAER's operations revolves around ensuring customer success.
Raindrop is an enterprise committed to managing spend solutions for businesses. Its main purpose is to control expenditure in companies. The company utilizes Artificial Intelligence (AI) and Machine Learning (ML) to enhance visibility and capability. Designed by procurement specialists, Raindrop digitalizes procurement processes, mainly concentrating on delivering cost savings and cost containment.
OpusCapita is a European enterprise centered on delivering e-invoicing solutions, O2C and P2P messaging services, along with advanced procurement services predominantly for large and mid-sized companies. The organization's cloud-based solutions aim towards enhancing management of procurement, supply chain, and AP&AR. The focus is to increase payment speeds, reduce processing expenditure, and generate savings for businesses. The services of OpusCapita contribute to the digitization efforts of businesses.