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Source to settle

Source-to-Settle means integrated procurement and purchasing processes. These include the various phases of the procurement and billing cycle.

Software from the inquiry to the invoice

Source-to-Settle means integrated procurement and purchasing processes. These include the various phases of the procurement and billing cycle:

  • Call for tender
  • Auction
  • Generation of orders
  • Requirement
  • Procurement
  • Receipt
  • Paying the bills

This process has actually always existed, but thanks to digital transformation, a software-supported source-to-settle process with inorder is now possible. This possibility permanently changes the purchasing strategies in companies.

Efficiency through source-to-settle

Operational purchasing processes and procurement strategies are made significantly more efficient and productive through instruments such as inorder software: intelligent digital purchasing solutions can be integrated. At the same time, the modern e-procurement solution from inorder links the procurement process with the SRM (Supplier Relationship Management), so in addition to the actual procurement, it is also possible to evaluate suppliers and structure relationships with them. That is the reason why many companies are currently considering replacing their previous purchasing software with the complete SRM system from inorder. As a central procurement platform, this maps the entire source-to-settle process in an integrated and completely digital manner.

Features of the inorder source-to-settle solution

Among other things, it includes a standard integration of the interfaces to payment providers, which supports the seamless electronic data flow for payment transactions. At the same time, modular, scalable sourcing, supplier management, analytics and order management ensure automated and thus significantly leaner processes. These lead to cost reductions and a high level of transparency in strategic and operational purchasing.

inorder convinces as a holistic and innovative procurement solution that impresses with its modular structure and very good self-administration. It enables stepless, needs-based scaling and individual process mapping of the entire procurement. In addition to sourcing, auctions and order management, strategic optimization of the production material, supplier evaluation and various qualification processes can also be implemented. Buyers store rules for their approval processes and use the integrated automated order management, which can be controlled from their ERP system via standardized interfaces. The time span between an inquiry to the supplier and its delivery is shortened significantly while costs are falling, because inorder completely digitally maps the source-to-settle process.

eProcurement systems

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We'll do it together Shopping as easy as online shopping.