Smart procurement can dramatically lower the bottom line costs of the entire organisation, but achieving it is challenging
The Source-to-Pay process often spans multiple functions, making compliance visibility delayed and reactive. Accurate oversight relies on integrated data from accounts payable and expenses, consistent coding, current supplier MDM, and alignment with contracts and discounts. Demonstrating spend control is vital for board-level credibility.
Keeping it simple with a managed service
Organisations typically have strong control on key strategic supplier negotiations, but there is often concern that the negotiated deals are eroded by non-compliant behaviours within the business. In addition to this, contract leakage and limited procurement control on less important – but often high volume – categories can together represent significant margin erosion.
Along with large numbers of active suppliers, diverse materials and products, lack of transparency, and fragmented IT, the challenge becomes even tougher.
Unravelling the complexity
Sopra Steria helps you regain control by navigating procurement complexity with clarity. While there’s no one-size-fits-all solution, our cross-sector experience enables us to embed best practices and tailored insights that drive meaningful improvement.
We partner with you to guide procurement transformation, drawing on deep Purchase-to-Pay expertise. Our initial review uncovers issues and opportunities while protecting existing investments in technology, processes, and people. The focus is on implementing the right initiatives at the right time to deliver lasting business benefits.
From sourcing to payment, our Consultancy and BPS services deliver business case-led programmes of work aligned to your at-risk areas of procurement to give you back control, optimise savings, cost avoidance and efficiency.
You can run smarter with Sopra Steria’s procurement services.