Top 10: S2P Platforms

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Procurement Magazine has taken a look at the top 10 S2P Platforms
Procurement Magazine looks at the platforms which are leading in the source-to-pay field and taking control of the procurement lifecycle

Source-to-pay (S2P) is the end-to-end process covering the entire procurement lifecycle, from finding a supplier to sending the final payment for goods and services. These platforms integrate key steps, including finding and assessing potential suppliers, undertaking market research, managing supplier information, negotiating contracts, creating and managing purchase orders and sending payments.

S2P also encompasses nurturing supplier relationships, ensuring compliance and optimising the procurement process to reduce costs and create a seamless procurement environment.

These platforms are comprehensive solutions that manage the entire procurement process, from sourcing to payment.

Here, Procurement Magazine takes a look at the leading S2P platforms known for their robust features and significant market presence.

10. Basware

  • Revenue: US$750m
  • Employees: 1,400
  • CEO: Jason Kurtz
  • Founded: 1979
Jason Kurtz, CEO at Basware

Basware excels in e-invoicing and AP automation, offering extensive spend visibility and management. It automates complex invoice processes, boosting efficiency and reducing errors for global enterprises. With comprehensive coverage and deep expertise, Basware transforms procurement operations.

9. Zycus

  • Revenue: US$350.4m
  • Employees: 1,726
  • CEO: Aatish Dedhia
  • Founded: 1998
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Zycus delivers a robust suite of procurement tools with advanced AI capabilities.

Its Gen AI S2P function enhances transparency and visibility, achieving over US$28m in savings for businesses.

The platform integrates procurement processes, driving efficiency and cost reduction.

8. Proactis

  • Revenue: US$19.37m
  • Employees: 594
  • CEO: Stephen Line
  • Founded: 1996
Stephen Line, CEO at Proactis

Proactis Rego is a powerful S2P software platform specifically designed for service-focused organisations.

It’s easy to use and integrate, giving businesses control over their spend and supply-chain risks.

With involvement in every stage of the process, the platform provides service-focused companies more control over spend and supply chain risks. Its ability to integrate with several leading ERP systems makes it an ideal choice for companies looking to add an S2P tool.

7. Synertrade

  • Revenue: US$25m
  • Employees: 200
  • CEO: Olivier Berrouiguet
  • Founded: 1999
Olivier Berrouiguet, CEO at SynerTrade

Synertrade offers a wide range of procurement and sourcing modules catering to various business needs.

It allows businesses to orchestrate the S2P process with an all-in-one platform, helping with control of everything from supplier management to procure and pay and even source-to-contract.

The solution streamlines the digital procurement process, from strategic sourcing to vendor contract lifecycle management for direct and indirect materials.

6. Oracle Procurement Cloud

  • Revenue: US$50bn
  • Employees: 164,000
  • CEO: Safra Catz
  • Founded: 1977
Safra Catz, CEO at Oracle

Oracle Procurement Cloud is known for its ability to streamline the S2P process, offering a simplified employee buying experience, automation and social collaboration while controlling costs and ensuring compliance.

With features such as search capabilities returning options from several catalogues to meet purchasing needs, it makes the buying experience easy and compliant while giving control over spending from approved suppliers.

5. GEP SMART

  • Revenue: US$1.3bn
  • Employees: 6,000
  • CEO: Subhash Makhija
  • Founded: 1999
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GEP SMART is a unified procurement platform known for its strong AI and machine learning (ML) capabilities.

As a cloud-based source-to-pay procurement software, it delivers comprehensive spend, sourcing and procurement functionality in a single, unified platform native to cloud, mobile and touch technologies.

Its native mobile design allows businesses to source, procure, pay and manage related processes on the go. The platform integrates with ERP systems such as those from SAP and Oracle.

4. Ivalua

  • Revenue: US$180m
  • Employees: 1,000
  • CEO: David Khuat-Duy
  • Founded: 2000
David Khuat-Duy, CEO at Ivalua

Known for its configurability, Ivalua’s S2P allows businesses to tailor their procurement processes to their unique requirements.

Working with customers such as L’Oreal, Ikea and Michelin, the platform provides heightened visibility, collaboration and adaptability for procurement and supply chain leaders.

It enables spend analysis, contract negotiation and procure-to-pay streamlining while reviewing supplier risk and performance.

Ivalua has been named a Leader by Gartner and is used by hundreds of businesses to better manage their processes.

3. JAGGAER

  • Revenue: US$105.4m
  • Employees: 1,000
  • CEO: Andy Hovancik
  • Founded: 1995
Andy Hovancik, CEO at Jaggaer

JAGGAER One is reshaping how enterprises conduct business through the latest advancements in AI.

This all-in-one platform brings data, processes and transactions together, delivering added value by enabling intelligent, transparent and frictionless commerce.

The platform simplifies and automates procurement processes into a user-friendly, cloud-based platform with best-in-class ERP integration and ‘plug and play’ access to specialised partner solutions.

2. Coupa

  • Revenue: US$1bn
  • Employees: 3,076
  • CEO: Leagh Turner
  • Founded: 2006
Leagh Turner, CEO at Coupa

Coupa is celebrated for its intuitive user interface and powerful analytics capabilities, making it a favourite among procurement professionals.

Its AI-driven S2P offering improves operational efficiencies and margins with recommendations at every stage.

The platform allows businesses – including P&G, Hilton and Uber – to maximise margins and efficiency by lowering overhead costs through automation, optimising operational efficiency and taking advantage of early pay discounts.

Coupa’s AI stays on top of regulatory changes, ensuring businesses remain compliant while allowing them to make more strategic decisions with confidence.

Thanks to the visibility the platform offers, firms can cut out maverick spending and detect fraud with accuracy and precision.

1. SAP Ariba

  • Revenue: US$33.3bn
  • Employees: 103,000
  • CEO: Christian Klein
  • Founded: 1996 
Christian Klein, CEO at SAP

SAP Ariba is widely regarded as a top S2P platform due to its extensive supplier network and deep integration capabilities with SAP ERP systems.

SAP, which has received numerous Leader Awards from G2, defines S2P as a critical process aimed at constantly evolving with the business environment. Its focus is on listening to customers, tracking market signals and delivering innovative technology designed to help businesses achieve their best outcomes.

SAP's long-standing strategy around this has remained unchanged, as it gives its customers clear benefits.

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Within the S2P space, SAP delivers integrated solutions to help manage all forms of spend. Its solutions comprise a full suite of enterprise-level functionality spanning sourcing, category management, buying and invoicing, services procurement, supplier relationship management, contract management and spend analytics.

SAP also allows businesses to connect with suppliers across 190 countries via SAP Business Network.

To read the full story in the magazine click HERE

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