What is source to settle and source to pay?

Hi dudes
What is source to settle and source to pay.Please let me know process flow if possible.
Regards
Chinna Krishna

HI,
Source to pay is basically automat and synchronize your procurement and payment process.
Source to pay system like SRM provides strategic value through sustainable cost savings, contract compliance, and quick time-to-value. Companies are equipped with tools to drive superior results through an end-to-end source-to-pay process. Activities such as spend analysis, category management, requisitioning, sourcing, operational contracts, invoicing, and supplier management are part of an integrated platform.
this can connect you to your entire supply base-allowing multiple levels of suppliers, partners, and manufacturers to work together, while you reduce the cost of goods sold throughout the company.
this process integrates supplier qualification, negotiation, and contract management more tightly and cost-effectively with other enterprise functions and their suppliersu2019 processes u2013 through a single framework with support for multichannel suppliers.
So in NutShell you can say that this basically reduce the cost and time of the procurement process.
which basically reduce the workload of the purchasing and finance department.
Regards,
Sachin

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Last edited by rWarrior (2012-04-25 21:03:38)

Hi,
I've got the same problem...
SQLite header and source version mismatch
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2012-03-20 11:35:50 00bb9c9ce4f465e6ac321ced2a9d0062dc364669
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What is source to settle and source to pay?

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