Making sense of Source to Pay
In partnership with the National Computing Centre (NCC), we recently undertook a research project to understand the current drivers in the area of Source to Pay and understand the level of adoption. The full results of the research are published here.
The main surprise of the project was that the level of adoption of Source to Pay automation is so low – and this was the case across both the Public and Private sectors (we had always assumed that the Public Sector was more advanced). The survey showed 47% of the organisations have little or no automation and 72% are still manually processing documents!
In these current times, where organisations are looking to reduce costs and improve processes, we find it surprising that more organisations aren’t looking to automate procurement processes to capitalise on the benefits available.
The other area of interest was in the green agenda. Whilst 69% of organisations thought that automating the procurement process could help organisations with their green strategies, we can’t help feeling that 80% of green effort is about saving money and 20% is about saving the planet. Perhaps it really will need regulation and legislation from a higher authority to get this further up corporate agendas.
As we move through 2009 we will be running a series of events and workshops to help our users understand where they can control costs, improve processes and prove return on investment. Automating Source to Pay remains an area where real cashable savings can be achieved.
