Procurement Excellence with EIM
How EIM Improves Source-to-Settle
More than ever before, procurement executives are operating in a challenging and ever-changing environment. They’re tasked with monumental operational excellence goals while working with less personnel and capital. Procurement Excellence with EIM offers tangible value not only to manage the quantity of information being dealt with, but to leverage its value. Significantly improve key areas in procurement: order-to-pay, strategic sourcing, supplier and contract management process, by introducing an advanced integrated EIM solution.
Source-to-Settle processes – available with SAP’s procurement and ERP platforms – automate and synchronize an organization’s procurement and payment processes. It covers spend analytics, sourcing, contract management, operational procurement and invoice management. This can allow multiple levels of suppliers, partners and manufacturers to work together, reducing purchasing and finance department workloads as well as the overall cost and time associated with the procurement process.
Procurement Excellence business value solutions span order-to-pay, strategic sourcing, supplier and contract management to optimize the source-to-settle process. The solution seamlessly integrates and complements your SAP and Ariba environment and helps to increase visibility into supplier information, improve supplier collaboration, bring more spend under management, drive repeatable cost savings, integrate sourcing and procurement operations, and simplify compliance.
- All stakeholders communicate effectively with shared access to information
- Bid processes are consistently managed to qualify the best suppliers
- Enhance communication with Lines of Business to ensure you are meeting their needs with the selected strategic supplier
- Reduce manual and paper-based processes
- All purchases require a Purchase Order in order to control maverick buying
- Manage contracts consistently as corporate records