Thought Leadership
Source to Pay Transformation Designed for the Automotive Industry
October 18, 2024
Transform Your Automotive Finance and Procurement Operations with Our Source to Pay Solutions
Are you a Finance or Procurement leader who wants visibility and control over your spend? Our Source to Pay transformation and automation solutions are designed for you. We understand the unique challenges faced by the automotive industry. From navigating complex supply chains to staying ahead of technological advancements. We know that every cent counts and driving value is crucial for success. We can help you drive measurable value and efficiency without disrupting your operations.
Specialised Solutions for the Automotive Industry
The automotive industry is a complex ecosystem. Global supply chains, stringent quality controls, cost management and regulatory compliance are tough. Add in adapting to the ever-evolving landscape of electric vehicles and autonomous driving. The need for streamlined and efficient procurement processes has never been greater.
Our Source to Pay solutions are designed to address these unique challenges. From managing Tier-1 and Tier-2 relationships to ensuring compliance with regulations. We can help ensure you stay competitive and agile in this fast-paced market. Our Solutions help automotive manufacturers and suppliers:
- Gain unparalleled visibility into your entire spend, from raw materials to finished products.
- Optimise supplier management with automated workflows and real-time performance tracking.
- Reduce procurement costs through strategic sourcing, negotiation tools, and spend analytics.
- Improve agility and efficiency with automated workflows and streamlined processes.
- Ensure compliance with industry regulations and internal policies.
Trusted by Automotive Companies Across the Region
Our team is a trusted partner to many leading organisations across the cars industry such as Cycle and Carriage, Wearnes, Hertz.
Bringing People, Technology, and Processes Together for Clear Results and Return on Investment
We tailor our solutions to align with best practices to deliver measurable value and ROI. Large digital transformations like this can be a disaster when not done correctly. Timing, planning, and momentum are crucial. We deliver value quickly and mitigating the risk of expensive failures.
Our secret to success is to unite the right processes, the right technology with the right supporting services. All designed around the specific needs of your business and your teams. This helps us to unlock significant value in your finance and procurement operations.
Our Approach: Comprehensive Understanding and Tailored Solutions
At the heart of everything we do is a razor-sharp focus on delivering business value. Value is ultimately a common vision of what success looks like. It’s visibility. It’s savings. It’s user adoption. It’s compliance. It’s best practice. It’s all that combined. It’s what we define, together, as our shared goal. Value is what we measure and what we strive for.
Our tried and tested approach ensures your project delivers predictable results, on time and on budget. All while evolving your processes to best in class and driving more value.
Our three step approach covers the full end to end transformation process. From initial strategy to business case to implementation and value realisation.
Step 1: Define -Setting you up for success
There is a lot of measurable value to be unlocked in your finance and procurement process. But you have to know where to look. In this phase we help you:
- Understand your current processes and pain points. We will conduct an as-is process assessment, requirements assessment and a maturity assessment. This will feed into a Strategy and Business Case for your transformation
- Understand your current technology stack. We’ll take a look at all your platforms and systems architecture. This helps us understand what needs to be integrated and what’s in use.
- Define your future process guided by best practice. We’ll build out a to-be process roadmap so you can see how your future processes will work.
- Have a transformation roadmap you can deliver. We’ll work together on a project plan that aligns with your business needs.
- With a realistic plan to measure savings and benefits. With a ROI and Benefits Realisation Plan, you’ll have confidence in measuring success.
Our process is focussed on activities that move the project forward and deliver value. This cuts through unnecessary activities and move quickly, deliver value and build momentum
Step 2: Execute – Controlled Implementation with Predictable Results
Our S2P experts have a long, proven track record in delivering projects on time, on budget and on-scope. Partnering with us ensures you achieve the expected benefits of optimisation and automation. Our team of experts work alongside your team to:
- Align your business needs with best practices. We’ll simplify your processes as part of the adoption of best practice.
- Improve how you do business with your suppliers. We’ll develop a Supplier Enablement Program into eInvoicing Programs, Supplier Catalogues and Punchouts.
- Ensure your core systems are integrated to deliver a single source of truth for spend.
- Guarantee that the end-user experience for internal and external users drives required adoption. We’ll develop an effective Change Management and Training program for your staff.
- Implement effectively. We’ll develop a detailed implementation plan with design documentation. The move to live will happen with your complete confidence. Supported by test results, user acceptance testing activities and a traceability matrix. Post go live you’ll have our full support with our hypercare.
- Empower your organisation to continuously mature its supply chain. Our activities will help you capture value quickly and sustainably over time. Reduce your supply chain risk while maximising savings and quality. All whilst benchmarking your success to industry leaders
Step 3: Advance Mature your operations to continually drive more value
We don’t stop after your system is set up, our focus on value continues. We’ll identify extra avenues to drive further automation and optimisation. All whilst enabling your team to focus on value adding activities. Our optimisation experts will provide:
- Platform Administration
- Platform Upgrades, Testing and Release Management
- User Support
- Ongoing Strategic Supplier Enablement into eInvoicing Programs
- Ongoing Supplier Catalogues/Punchout Enablement
Why Choose Us: Commitment to Business Value and Partnership
- Focus on Business Value. We define success as a shared vision of value. This includes visibility, savings, user adoption, compliance and best practices.
- Partnership Approach. We work with you in an open and transparent way, sharing both risks and benefits to ensure mutual success.
- Source to Pay Expertise. Our team brings invaluable insights from successful transformations, ensuring your project’s success.
Contact Us for Your Automotive Source to Pay Transformation
Ready to transform your finance and procurement operations? Achieve efficiency, control and measurable value without disrupting your business. Contact us to start your journey today.