Published: 14 June 2023
Source-to-pay solutions have varied pricing models, making it difficult to estimate costs and create a budget for the investment. This research helps procurement technology leaders understand common pricing models and costs to gather key information needed to create an S2P budget.
Vendor pricing models for source-to-pay (S2P) can vary significantly and often lack transparency for procurement technology leaders to estimate costs before embarking on a market evaluation.
Sourcing the data needed to create an accurate budget can be difficult due to variedutilization and entitlements of procurement application modules by procurement and its stakeholders.
Organizations struggle to create a comprehensive, accurate budgetary estimate for a source-to-pay technology implementation, which leads to low business case approval rates.
Procurement technology leaders must:
Determine the scope of S2P budget needed by working with procurement and internal stakeholder groups to map their requirements and use cases
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