Thought Leadership

Transform Your Finance and Procurement Operations with our Source to Pay Solutions

December 19, 2024

Transform Your Finance and Procurement Operations with our Source to Pay Solutions

Drive efficiency, cost savings and compliance with solutions designed for the public sector.

Local, State and Federal government agencies are being pushed to do more with less. In a post-COVID era the squeeze on public funds has never been tighter. Finance and procurement leaders are being asked to do the near impossible. Continually reduce your costs all whilst supporting the organisation to increase outputs.

To do this, public sector leaders need to have complete spend visibility and control. They need to unite their systems to drive a single source of financial truth in a way that can drive real value. Valtatech partners with leaders who want to achieve this transformation. We align your people and processes with the right technology to drive best practice. We ensure measurable return on investment all while not disrupting your operational activities. We ensure that our customers are set up for long term success.

Key Public Sector Trends Impacting Finance and Procurement

Our team brings a wealth of Source to Pay (S2P) transformation expertise. We’ve worked with organisations of all shapes in the public, private and non-profit sector. What we have found across all these organisations is that everyone is unique. Organisations have differences in people, processes and their stakeholders. A tailored approach to solution design and implementation is needed to drive value. Our experience in the public sector has reinforced this need. The public sector is facing a range of key trends that have a big impact on Finance and Procurement teams.

Continual Digital Transformation Initiatives:

Governments continue to prioritise digital transformation to enhance transparency, efficiency and service delivery. The push towards e-Invoicing in Australia, Malaysia and Singapore is a good example. Legacy systems in Governments are well entrenched and usually used in key processes. There can be huge risks involved in replacing these platforms. This limits what finance and procurement teams can achieve. Legacy systems and siloed processes lead to inefficiencies and limited spend visibility.

Budget Constraints and Cost-Saving Mandates:

Commitments to public sector spending cuts are almost universal across the region. This creates pressure for a critical need to identify cost savings. Finance and procurement teams need to cut inefficiencies and optimise spending.

Compliance and Transparency:

There is a growing emphasis on compliance with procurement standards. In particular, around public transparency into government procurement processes. This is creating a high and costly administrative burden for public sector teams. They need to be able to provide clear audit trails and have robust compliance processes in place.

Increasing Demand for Data-Driven Decision Making:

More data is being captured than ever before across all operations in the public sector. It is expected that this data is leveraged for more informed, quicker decision-making. Finance and procurement teams need to be able to access and analyse this data quickly. In reality, the systems and processes aren’t in place to achieve this.

Embedded Processes and Procedures

Public sector processes are generally well documented and well used. With this comes a sense of “this is how things have always been done”. This creates an environment of organisational inertia and fear of disruption and change. Governments are slow adopters of new technologies and processes, hindering modernisation efforts.

Our understanding is informed by our team’s experience and work with these organisations.

How Our Source to Pay Solutions Drive Value for the Public Sector

Our solutions are designed to be tailored to each organisation’s needs and goals. They will address your main challenges and evolve your processes towards best practice. This ensures that you get a measurable return on your investment. A return that continues to deliver over time as your processes become more mature. Our tried and tested approach has delivered this for 70+ organisations across APAC. Our clients have enjoyed a range of benefits from our S2P transformations.

Integrated and Modernised Systems.

Enhance visibility and control over your procurement processes with our unified S2P system. We integrate your spend data from your different platforms into one source of truth. This enables you to make data-driven decisions quickly and improves operational efficiency.

Streamlined Compliance and Risk Management:

Our S2P solutions help reduce the administrative burden of compliance and risk management. With configurable workflows, automated data capture and comprehensive audit trails. You can reduce your compliance risks whilst also fostering greater trust and accountability.

Optimise Spend and Capitalise on Cost Savings:

A single source of spend truth means you can utilise advanced procurement strategies. Our solutions offer advanced analytics and procurement automation. You can identify cost saving opportunities and cut inefficiencies across the organisation. This helps maximise the value of public funds and enables better use of resources.

Change Management and User Adoption:

We know change is difficult in any organisation. Our S2P solutions are designed to minimise the impact of change on users and suppliers. We utilise change management best practices coupled with continuous support throughout the project. Importantly, we take time to understand key process pain points. Our solutions are mapped to solve these challenges delivering direct benefit to users.

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

Why We Are Your Perfect Transformation Partner

Government Experience

Our team boasts extensive experience working with governments. Our e-invoicing and consultancy work gives us an understanding of your unique challenges. We provide customised S2P automation solutions that align with your specific goals. We are committed to meeting those unique needs and challenges.

Our Focus On 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, what we strive for.

Partnership Approach

To help drive value, we work with you in an open and transparent way. We are with you every step of the way, sharing the risks and rewards. Your success is our success – that’s what we call a partnership.

Comprehensive Integration

We integrate with all your existing platforms and systems. We haven’t come across a legacy platform we haven’t been able to integrate with. This means you don’t need to upgrade all your other systems to achieve spend visibility. Integrating with existing platforms also reduces the impact on your existing business processes.

Proven Track Record

Trusted by leading businesses across APAC, our expertise is backed by successful projects. Our proven track record demonstrates our ability to deliver measurable value and ROI.

Our Approach: Delivering Measurable Value

We’re committed to transforming your finance and procurement operations through automation and optimisation. Our tried and tested approach is designed to deliver ongoing value. We focus on delivering measurable value, tailored to your unique business goals. Spend visibility, cost savings, enhanced control, or improved compliance. We’ll make it happen. Our collaborative approach ensures we are aligned to your goals from start to finish.

Our three-step process—Define, Execute and Advance—guides you through the journey. From creating a tailored strategy to implementing technology and driving ongoing optimisation. Our team of experts will deliver your project on time, on budget and exceed expectations.

Learn more about Our Approach.

Ready to Take Control of Your Spend?

Unlock the full potential of your finance and procurement processes. Gain complete control over your spend, drive efficiency and value for tax payers. Contact us today to learn how we can help you transform your finance and procurement operations.

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