ServiceNow Source To Pay Solutions
Automate and Simplify The Source-to-Pay Process To Enhance Team Efficiency
Products of Source To Pay Operations
Sourcing and Procurement Operations
A one-stop automated tool that your employees can use to shop for goods and services that they need at work.
Supplier Lifecycle Operations
Effectively collaborate with suppliers; manage supplier relationships, monitor risk, compliance, and performance across the supplier life cycle.
Accounts Payable Operations
Efficiently manage invoices, invoice exceptions, invoice approvals, and supplier inquiries.
Benefits and Features
Enhancing Procurement Efficiency
Minimize "how do I" and "where is my" queries by providing users with a self-service interface to track their requests, allowing procurement teams to prioritize other critical tasks
Enhancing Supplier Communication
Enhance supplier data by centralizing collaboration in a single platform. Assign tasks directly to supplier contacts and give them the ability to view and update their information in real-time
End-to-End Procurement
Seamlessly manage the entire procurement lifecycle from sourcing to payment within the ServiceNow platform.
Workflow Automation
Enhance efficiency by automating approval processes, task management, and collaboration.
Data-Driven Insights
Leverage analytics and reporting for informed decision-making and improved procurement performance.
Integration Capabilities
Integrate with external systems to ensure data consistency and collaboration across your organization.
Key Features of ServiceNow Source-to-Pay
Customizable Workflows
Tailor procurement processes to align with your organization's unique requirements.
Integration Capabilities
Seamlessly integrate with external systems, ERPs, and financial platforms.
Service Portal
Provide a user-friendly portal for self-service and real-time status tracking.
Contract Lifecycle Management
Manage the entire contract lifecycle from creation to renewal.
Supplier Performance Management
Evaluate and track supplier performance with dedicated modules.
Our Source-to-Pay Offerings
Elevate your experience with our Source to Pay diverse and impactful service portfolio.
- Integration and Data Management: We connect ServiceNow SPO with ERP systems and third-party applications to maintain data consistency, ensuring high-quality procurement data for precise analytics and informed decision-making.
- Performance Management: Establish systems to monitor supplier performance against key KPIs, including quality, delivery, innovation, and compliance, ensuring alignment with business goals.
- Risk Mitigation and Compliance Management: Leverage ServiceNow to manage supplier risks, such as financial stability, geopolitical factors, and adherence to policies and regulations, ensuring comprehensive risk mitigation and compliance.
- Automated Invoice Processing: Automates the entire invoice processing workflow, including handling exceptions, managing supplier payments, and integrating with ERP systems. It also optimizes discount management and ensures compliance through detailed audit trails. By streamlining these processes, organizations can boost efficiency, improve cash flow, and minimize errors.
- Financial Integration and Reconciliation Management: We provide seamless ERP integration to ensure accurate financial reporting and facilitate smooth reconciliation of payable accounts, improving financial transparency and overall business performance
- Compliance and Audit Trail Management: We focus on meticulously documenting all accounts payable activities to ensure full compliance with both internal policies and external regulations, fostering a culture of transparency and accountability.
- Supplier Payment Processing: We optimize supplier payments to ensure timely and accurate transactions, while effectively managing payment terms to enhance working capital efficiency, improve supply chain flow, and drive better business performance.