Greater visibility into supplier relationship and performance to manage risk. Automated processes with consumer-like shopping features to increase efficiencies. Reduce procurement costs by closing the loop from source to pay. Accelerate the sourcing and procure to pay processes. Streamlined processes in a paperless environment to reduce the administrative burden. These SAP tools offer a number of features and benefits during the sourcing and procurement process: Watch our latest video on the impact and benefits that Absoft’s Self-Serivce Procurement Solution can do for your business here. Our web-based self-service solution offers the same process efficiencies and core functionality which drives procurement teams to invest in SAP SRM, but at a considerably lower total cost of ownership (TCO), as the future of the SRM module will be absorbed into S/4HANA. The following are what I consider to be the most beneficial suite of products available within SAP:Ībsoft’s Self-Service Procurement Solution SAP Supplier Relationship Management (SAP SRM). 
SAP Contract Lifecycle Management (SAP CLM).These tools include, but are not limited to: Only once you are aware of your procurement and sourcing strategies, are you are in a position to choose the best sourcing tool(s) available. What sourcing and procurement functions are available within SAP?
SAP offers various options to choose a solution which provides a ‘best fit’ within your procurement and sourcing framework.
Risks associated with people, processes and technology.Users being able to seamlessly transition into a new way of working.Prioritisation of existing workload against dedication towards testing new processes.Before any implementation can take place, a large investment is required in terms of time to analyse past and existing spend channels used to make purchases. What do we need to consider for an effective implementation?Īs easy as it sounds, it is certainly difficult putting it into practise.
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