Transform procurement processes. Unlock new levels of business efficiency
With ServiceNow's Source-to-Pay.
We can help you improve Source-to-Pay processes, achieve faster cycle times, lower costs, and reduced risk to optimize resources and increase profitability.
You people will be able to deliver more value with less effort.
Phase 1:
Automating Procurement Processes for Enhanced Efficiency, Visibility, and Control
Reduced Processing Costs
Faster Procurement Cycles
Phase 1 will automate and optimize procurement processes using ServiceNow’s Source-to-Pay (S2P) to enhance operational efficiency, improve employee experiences, and consolidate visibility.
ServiceNow’s Sourcing and Procurement Operations (SPO) module enables guided shopping experiences, standardized procurement processes, and automated workflows, providing real-time visibility across the procurement lifecycle.
The result is faster, more efficient procurement processes that improve employee satisfaction, compliance, and cost savings.
ServiceNow Module(s)
Sourcing and Procurement Operations (SPO)
Phase 2:
Advanced Procurement Optimization with Analytics Integration
Strategic Sourcing Savings
Tail-Spend Consolidation
Phase 2 optimizes category management and sourcing strategies by leveraging ServiceNow’s Source-to-Pay playbooks and Northcraft Analytics ROI Performance Dashboards.
ServiceNow’s Sourcing and Procurement Operations (SPO) module categorizes goods and services using the UNSPSC framework, allowing procurement teams to analyze spend, manage suppliers, and optimize procurement categories.
By integrating ROI dashboards and intelligent strategy guidance, organizations achieves long-term savings, improved supplier collaboration, and enhanced procurement efficiency.
ServiceNow Module(s)
Sourcing and Procurement Operations (SPO)
Northcraft Analytics
ROI Estimator & Performance Dashboard
Phase 3:
Asset Lifecycle Optimization, Smarter Inventory & Invoicing Operations
holding cost reduction
fewer stockouts
Phase 3 focuses on improving inventory management, lowering inventory holding costs, minimizing obsolescence, and improve cash flow by optimizing asset lifecycle processes.
ServiceNow’s Accounts Payable Operations (APO) module enables just-in-time inventory management, end-user receiving, and automated invoice approvals, ensuring efficient asset utilization.
These efforts will maximize asset value, reduce unnecessary purchases, and streamline financial workflows for enhanced operational efficiency and cost control.
ServiceNow Module(s)
Accounts Payable Operations (APO)
Asset Management
Learn More About Demand Management and Inventory Optimization
Phase 4:
Enhanced Supplier Collaboration and Efficiency
Faster Onboarding
Faster Issue Resolution
Phase 4 strengthens supplier collaboration by implementing a dedicated supplier portal within ServiceNow to streamline onboarding, improve communication, and automate document and request management.
ServiceNow’s Supplier Lifecycle Operations (SLO) module provides a centralized platform where suppliers can independently manage their profiles, submit inquiries, and securely exchange documents.
By automating onboarding processes and task management, this initiative reduces administrative overhead, improves operational efficiency, and fosters stronger supplier relationships through better communication and collaboration.
ServiceNow Module(s)
Supplier Lifecycle Operations (SLO)
Learn More About Supplier Collaboration and Relationship Management
Phase 5:
Supplier & Supply-Chain Risk Management
Faster Risk Assessments
Fewer Risk Incidents
Phase 5 integrates supplier risk assessments into procurement processes to mitigate supply chain vulnerabilities, manage information security risks, and ensure regulatory compliance.
ServiceNow’s TPRM module automates risk assessments, facilitates secure communication via a third-party portal, and enables continuous monitoring and evaluation of supplier risks.
This framework centralizes risk management activities, enhancing the organization’s ability to proactively address risks, improve compliance, and maintain supplier relationships while safeguarding operational integrity.
ServiceNow Module(s)
Third Party Risk Management (TPRM)
Learn More About Supplier Risk Management and Compliance