How Does Source to Pay Work?

Our single end-to-end integrated Source to Pay solution removes fragmentation, redundancy and duplication from the eProcurement processes from the beginning. A complete solution that links eSourcing, eContract, eCatalogue, eP2P and eInvoicing processes locking sustainable financial benefits.

It provides easy-to-use tools to guarantee better financial control and greater visibility of spend. You save time, money and hassle. With our Source to Pay solution, you reduce paperwork, increase efficiency, and gain greater transparency and compliance. We call this ‘freeing your organisation’ so that you optimise your work flow.

Elcom's expert on laptop explaining how Elcom Source to Pay works

Benefits For Buyers

Women reading on her ipad about Elcom Source to Pay benefits for buyers
  • Quick to implement and start generating savings.

  • Enables better supplier and contract management.

  • Improved MI allowing better supplier management.

  • Reduction in invoice and payment queries.

  • More effective financial controls.

  • Automation of routine tasks and streamline key processes.

  • Reduced cost of tendering.

  • Transaction data is fully auditable, delivering Compliance for full transparency and accountability.

  • Reduce stock and inventory and diminish perishability costs.

Benefits For Suppliers

  • Automation of key tasks, bid notifications and receipt orders.

  • Improved cash flow with faster payments.

  • Time and cost savings in processing orders.

  • Reduced transactions costs and cycle times.

  • Hold less stock due to better planning and demand cycles.

  • Improved MI.

  • Promotes your company.

  • Reduced cost of tendering.

  • Better planning for demand cycles.

Man reading on his mobile about Elcom Source to Pay benefits for suppliers

Other Source to Pay Features

  • Connect.

    Alignment of people and processes inside and outside the organisation leading to seamless collaboration. Improved communication means saving time and reduced duplication of effort through sharing of information and resources.

  • Save

    Cut costs by having one unique solution rather than multiple systems from multiple suppliers. Get real-time access to make more informed business decisions.

  • Simplify.

    Ease of use means quickly finding the right goods and buying them at the right price with reduced administration effort. No more manual matching receipts with deliveries or entering redundant data.

Two Decades Developing eProcurement Tailored Solutions

Click the button to download the eProcurement Fact Sheet

eProcurement Case Study

Click the button to download the eCatalogue Fact Sheet

eInvoicing Case Study

ELCOM Solutions That Might Interest You

eSourcing

eContract

eCatalogue

eP2P

eInvoicing

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