Source-to-Pay Automation
Transform the way you source, purchase, book & pay
Integrated
Source-to-Pay suite
Esker's Source-to-Pay suite helps Procurement and Finance leaders meet their goals by streamlining procurement processes, enforcing policy compliance and improving supplier relationships with increased visibility over the whole buying process. By aligning finance and procurement, CFOs and CPOs can enhance collaboration throughout their processes and facilitate better financial outcomes.
Sourcing
Identify the most suitable suppliers for your strategic purchases via RFPs or e-auctions to ensure the best price for goods and services.
Supplier Management
Centralise supplier information and easily monitor risks, while simplifying supplier onboarding and record maintenance.
Contract Management
Automate management of existing and new contracts via a central repository while driving savings with improved visibility and compliance.
Procurement
Transform buying into a consumer-friendly, Amazon-like experience and enforce procurement policy compliance across your business.
Accounts Payable
Manage e-invoicing regulatory compliance, and reduce invoicing costs and processing delays to efficiently manage your cashflow.
Expenses
Free up your Finance team by automating hours of low-value tasks while helping employees get reimbursed quickly.
Payment & Supply Chain Financing
Automate payment approval workflow while securing discounts and supporting suppliers that need cash.
Benefits that support your team & strengthen your business
Improve process efficiency
Automate manual tasks, eliminate errors and speed up procurement activities by reducing the time and effort required to manage procurement and payable processes.
Enhance supplier management
Centralise supplier contracts and data, and faciliate onboarding. Improve supplier performance, negotiate better pricing and terms, and manage compliance with ESG standards to improve supply chain sustainability.
Increase savings
Achieve cost savings through better supplier management, improved spend insights to negotiate better prices and optimised sourcing processes or payment terms.
Better spend insights
Get real-time visibility into procurement spend to make informed decisions regarding procurement activities, including spend by category, supplier performance and contract compliance.
See what the experts say
Esker’s Source-to-Pay suite has been recognised by multiple leading analyst firms over the years. Most recently, these include:
Esker named in the 2024 Gartner® Magic Quadrant™ Report for Source-to-Pay Suites
Esker recognised as a Market Leader in Ardent Partners' 2023 ePayables Technology Advisor for third consecutive time
Esker listed in the Forrester Now Tech: Supplier Value Management Suites, Q2 2022 report
Why automate S2P with Esker Singapore?
Esker’s Source-to-Pay suite offers a complete, all-in-one solution to overcome the most significant challenges facing today’s Procurement and Finance leaders. Esker delivers a number of competitive advantages, including:
Seamless integration
Designed to ensure compatibility throughout the S2P cycle, Esker's suite streamlines processes, increases efficiency and provides one centralised data source across all solutions.
Greater scalability
Thanks to the solution’s ability to scale across different solutions, processes and geographies over time, users don't have to make all the decisions for future scenarios at the moment of purchase.
Enhanced experience
Esker delivers a consistent UX across all solutions, reducing the need for training and increasing adoption rates, while solidifying user retention, reducing errors and improving usability.
Lowered TCO
A centralised suite is more cost-effective, as it eliminates the need for multiple vendors and associated integration costs and increases productivity (i.e., no switching back and forth between programs).
See what our customers say on Gartner Peer Insights
Frequently Asked Questions About Source-to-Pay Software
What is Source-to-Pay software?
Source-to-Pay software is an integrated platform that streamlines and automates the entire procurement cycle, from sourcing vendors to making payments. It provides end-to-end visibility into procurement operations, supporting strategic decision-making, improving efficiency, and reducing costs. The software can handle various procurement processes, offering solutions tailored to the unique needs of different industries and geographies.
To better illustrate the transformative power of Source-to-Pay automation software, let's delve into the experience of Sunway Group. Faced with challenges such as data entry errors, lost documents, prolonged invoice processing times, and an overwhelmed staff, Sunway turned to Esker Singapore's Source-to-Pay software. The source-to-pay platform digitised and automated invoice processing, reducing errors and accelerating approvals. This led to faster supplier payments, minimised manual interventions, and boosted staff morale. Read the full Sunway success story.
What are the key benefits of implementing Source-to-Pay software?
Implementing Source-to-Pay software offers businesses a myriad of benefits. It ensures comprehensive procurement transparency, enabling better decision-making. The platform streamlines and automates workflows, reducing manual tasks and potential errors. This leads to significant cost savings, both in terms of operational expenses and through better vendor negotiations.
Esker Singapore, a leader in this field, has been recognised as a Sample Vendor in three categories of the 2023 Gartner® Hype Cycle™ for Procurement and Sourcing Solutions, underscoring its commitment to delivering top-tier solutions. Learn more about Esker Singapore's listing as a sample vendor.
How does Source-to-Pay software facilitate compliance with ESG standards?
Source-to-Pay software aids in maintaining compliance with Environmental, Social, and Governance (ESG) standards by providing visibility into the supply chain. It allows businesses to track vendor performance against ESG criteria, ensuring suppliers align with the company's sustainability goals. The software also documents all transactions, supporting audit trails and proving compliance.
In a real-world application, Logitech, a global computer peripherals and software manufacturer, faced challenges in closely managing their supply chain amidst the rising demand for rapid technological innovation.
By integrating Esker’s Market Dojo’s Source-to-Pay automation software, they were able to efficiently manage global compliance tenders. These tenders, which were previously managed manually using spreadsheets and emails, became streamlined, reducing time and complexity. The platform allowed Logitech to reach out to agents worldwide, ensuring their products met compliance standards across various countries. This not only optimised their internal operations but also resulted in significant cost savings, as evidenced by a compliance tender that led to a £300 thousand saving. Delve into the full Logitech story for more details.
Does the Source-to-Pay suite offer integration with existing ERP systems?
Yes. Esker Singapore’s comprehensive Source-to-Pay suite can seamlessly integrate with existing Enterprise Resource Planning (ERP) systems. Source-to-Pay automation enables an integration for streamlined data exchange, minimising errors and duplications. The platform allows for a unified view of data in our procurement management system, ensuring smooth and efficient operations across the business. Additionally the source-to-pay software also integrates with our electronic invoicing solution, automatically matching purchase orders and ensuring that payments are made promptly and discrepancies are quickly identified and resolved. These integrations speed up the order and payment process, building trust and reliability between suppliers and buyers.
Can Source-to-Pay software handle different procurement processes and geographies?
Absolutely! Esker’s Singapore Source-to-Pay platform is designed to manage diverse procurement processes across different geographies. It can adapt to local procurement regulations and currencies, making it a powerful tool for global businesses. Its flexibility also allows it to accommodate the unique requirements of various industries and procurement models.
How does the Source-to-Pay suite support scalability for future scenarios?
Esker Singapore’s Source-to-Pay suite is architected with scalability at its core. As businesses grow and procurement needs evolve, the software can easily expand to accommodate more users, suppliers, and transactions. Its cloud-based nature ensures smooth scaling, making it a future-ready solution for growing enterprises.
What insights and analytics does Source-to-Pay software provide for better decision-making?
Esker Singapore’s Source-to-Pay platform offers comprehensive analytics and insights for improved decision-making. It tracks key performance indicators (KPIs), such as spend analysis, supplier performance, and contract compliance. These real-time insights, derived from data across the procurement cycle, equip businesses with actionable intelligence to streamline operations, mitigate risks, and uncover cost-saving opportunities.
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