RE-IMAGINING S2P IN THE ERA OF AUTONOMOUS PROCUREMENT

• Will the S2P platform still be fit for purpose as my procurement function evolves?

• Will it offer new capabilities that ensure continuous improvement?

Addressing tomorrow’ s challenges today The most effective S2P strategies incorporate solutions businesses can grow into rather than quickly outgrow. This forward compatibility becomes particularly critical as organisations expand into new markets, introduce new product lines or pursue acquisition strategies. Evaluating whether the S2P approach can adapt to accommodate these scenarios represents an essential element of strategic planning. This is harder than ever before to predict given the rapid evolution of AI and emergence of autonomous capabilities. Moreover, procurement and its activities are firmly under the microscope, seen as the team responsible for driving cost savings and sustainable efforts, in addition to taking responsibility for suppliers. Procurement practitioners must map out a course of action, incorporating short- medium- and long-term goals.

Further questions must be asked here:

• Can the S2P platform scale in the event of an acquisition?

• Does the S2P solution offer the tools necessary to handle invoice payments and eliminate fraud?

• Is the S2P partner investing in the very latest technology to help the business stand out from competitors?

A useful starting point here is to examine the performance of potential S2P partners and how their efforts are powering procurement functions elsewhere. coupa. com 21