Thought Leadership

Transform Your Retail Finance and Procurement Operations with Our Source to Pay Solutions

December 19, 2024

Transform Your Retail Finance and Procurement Operations with Our Source to Pay Solutions

We help you drive measurable value from finance and procurement – without disrupting your business.

Retail businesses of all shapes and sizes are either booming or busting. The e-commerce boom during and post COVID has reshaped retail and customer expectations. Couple this with vulnerabilities being exposed in supply chains and rising sustainability concerns. Retail businesses have a lot to handle. Finance and procurement leaders are under pressure to increase profitability and do more with less.

To do this, leaders need complete visibility and control over their spend. It sounds simple but is a challenge when you can’t afford any disruptions to business. Our Source to Pay (S2P) automation solutions are tailored for the retail industry. We help you transform your operations and drive measurable value without disrupting your business.

We Understand the Unique Challenges in Retail

We work with some of the leading Retail companies across the region. So we have a deep understanding of your strengths and challenges.

We know that each retail business is unique and understand how complex operations can be. We know this makes it harder for a business to transform successfully without help. That’s where we come in. We utilise our 30+ years experience to help you navigate change and evolve your processes. We make sure you have the right processes and the right technology to drive value. Our team of experts have helped retail businesses navigate challenges like these:

Fragmented Systems and Data:

Retail businesses are packed with diverse legacy systems that drive manual processing. This is especially true when it comes to finance and spend data. This leads to inefficiencies which is a problem for businesses. But, the bigger issue is the lack of spend visibility and therefore control that this creates.

Cost Pressures:

With increasing competition, businesses are being pressured to reduce operational costs. Consumers will not accept reductions in quality so it needs to be the same but cheaper. This is putting a big strain on margins. Businesses need more cost-effective procurement strategies.

Complicated Supplier Management:

Most Retail businesses either have an expanding supplier base or complex supply chains. This can increase the risk of disruptions, compliance issues and higher procurement costs. It can be a logistical and administrative nightmare to try and manage and drive value from.

Adoption New Technologies

Retailers are now embracing digital tools to enhance customer experiences and streamline operations. Along with the ongoing boom in online shopping, it’s a challenge for organisations to keep up.

Compliance and Sustainability

Consumers are increasingly prioritising brands that commit to sustainable and ethical sourcing. Along with strict regulations and increased compliance reporting, retailers are under pressure.

How Our S2P Solutions can help Retail Businesses

We have worked with a range of businesses over our 30+ years in business. We’ve seen first hand the difference optimised and automated S2P processes can make. Utilising deep expertise we can instil best practice, knowing what drives real value. Our solutions are tailored to address some of the key challenges retailers face. Evolving your processes towards best practice so that they continue to drive value. All while not disrupting your day-to-day business operations. Here are some of the key drivers of value our customers enjoy:

Fully Integrated Solutions:

We connect all your sources of finance and procurement data together into one place. This enables you to truly have end-to-end visibility and control over your spend. This single source of spend truth reduces in-efficiencies in data collection and analysis. Helping you make better, quicker decisions around strategic sourcing.

Spend Data Analytics and Cost Savings:

Routine and tedious procurement and finance tasks will be automated. Freeing up your staff to focus on more value-driving activities. Your team will have access to advanced analytics and reporting tools for your spend. This makes identifying cost savings and utilising leverage in supplier negotiations far easier.

Supplier Collaboration:

Your suppliers will thank you, you’ll be easier to do business with. Our S2P solutions will enhance supplier relationships. Giving them access to collaborative platforms and real-time data sharing. This will help you improve your supply chain performance and resiliency.

Reduce Compliance and Sustainability Burden:

Our solutions help systematise and part automate risk management and compliance monitoring. With a range of tools and reports at your disposal you will be able to more actively mitigate your risks. Implementing more robust compliance frameworks and sustainability tracking. This will lower your administrative burden of adherence to regulations and ethical standards.

Future-Proofing Your Business:

With complete spend control, advanced analytics and AI-driven insights for proactive decision-making. Your business will be well placed to navigate what comes in the future. Stay ahead of market trends and disruptions, continuously improving your procurement strategies.

What Our Customers Say About Us

Aaron Passfield Head of Procurement, HammondCare

“Valtatech’s unique offer and extensive cloud and digital transformation experience meant they were the perfect implementation partner for our Coupa Business Spend Management implementation project. Valtatech’s cloud-based eInvoicing technology also enabled us to set up a system with very little disruption to the business, our partners, or teams on the ground.”

Hanako Kato Corporate HQ General Manager, Konica Minolta Business Solutions Asia

“Valtatech has been an invaluable partner during the process of transforming our procure to pay (P2P) system. The project has helped us to reduce costs, identify risks and improve value delivery across the business; while providing the visibility and insights my team and I require to improve risk mitigation, due diligence processes and governance.”

Case Studies

Our Approach: Delivering Measurable Value for Retail Businesses

At Valtatech, we’re committed to transforming your finance and procurement operations. Our proven approach focuses on delivering tangible results and driving best practices.

We understand that success means different things to different businesses. That’s why we collaborate closely with you to define your unique goals. It doesn’t matter whether it’s increased visibility, cost savings or enhanced compliance. Our three-step method ensures a smooth and efficient transformation:

  • Step 1: Define. We assess your operations, identify pain points and develop a tailored transformation roadmap. Our goal is to create a clear vision for your Source-to-Pay transformation.
  • Step 2: Execute. Our expert team implements your solution, ensuring a seamless and disruption-free transition. We focus on efficient processes, user adoption and data integration for greatest impact.
  • Step 3: Advance. We help you continuously improve your operations through ongoing support and optimisation. Our aim is to sustain your transformation and drive long-term value.

We’ll deliver measurable results that will exceed your expectations. We combine our deep industry expertise with a data-driven approach to ensure success. Learn more about Our Approach.

Ready to Transform Your Finance and Procurement Processes?

We’ll help you gain complete spend control and drive value in your operations. Contact us today to learn more about our S2P transformation and automation solutions.

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