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|



THE STATE OF SOURCE-TO-PAY DIGITIZATION 2024

GET FULL REPORT


TOP OBJECTIVES FOR S2P TEAMS

In 2024

 

In this inaugural edition of "The State of Source-to-Pay Digitization 2024",

commissioned by Ivalua, Ardent Partners utilized the survey and interview
responses of 382 S2P executives to examine the market today and the pivotal role
that S2P leaders play in driving business resilience and financial growth.

 

The report also examines how S2P innovators are leveraging technology to outpace
their rivals and the rising impact of Artificial Intelligence on both strategy
and results.

74%

--------------------------------------------------------------------------------


DELIVER COST
SAVINGS

36%

--------------------------------------------------------------------------------


MANAGING
SUPPLY RISK

31%

--------------------------------------------------------------------------------


ESG
INITIATIVES

28%

--------------------------------------------------------------------------------


DRIVING DIGITAL
TRANSFORMATION


2024 S2P TECHNOLOGY BUDGET

Compared to 2023

13%





DECREASE

48%





NO CHANGE

30%





INCREASE

GET FULL REPORT


TOP CHALLENGES


AROUND S2P TECH AND


DRIVING VALUE

 

Poor data quality and/or access in the technology



48%
Lack of integration between S2P tech and other systems



34%
Lack of integration across different S2P processes



33%
Inadequate change management



31%


USAGE OF AI


WITHIN YOUR S2P 


OPERATIONS TODAY

 

Not using AI but PLAN to over the next 12 months



46%
Not using AI and have NO plans to over the next 12 months



26%
Currently use AI through separate systems not connected to S2P



13%
Currently use AI in our S2P technology



11%
Currently use AI through separate systems integrated to S2P



4%
|




THE STATE OF


SOURCE-TO-PAY DIGITIZATION 2024

 

TABLE OF CONTENTS

 

- Chapter 1: Procurement Priorities, Plans, and Operations

- Chapter 2: The State of S2P Technology

- Chapter 3:  S2P Innovation

 



 




 * Offices
 * Careers
 * Partners
 * Suppliers
 * Customers
 * See All


 * COMPANY

 * Why Ivalua
 * About Us
 * Careers
 * Leadership
 * ESG Priorities
 * Services
 * Offices


 * CONTACT

 * Phone: +1 650-930-9710
 * Toll-free: +1 866-795-8982
 * Sales: sales@ivalua.com
 * Press: media@ivalua.com
 * Human Resources: hr@ivalua.com


 * LANGUAGES

 * English
 * French
 * German
 * Spanish
 * Italian


 * SOLUTIONS BY PROCESS

 * Source-to-Pay
   * Strategic Sourcing
   * Supplier Management
   * Sourcing
   * Contract Management
   * Environmental Impact Center
   * Spend Analysis
 * Analytics & Insights
 * Procure-to-Pay
   * eProcurement
   * Invoicing
   * Payments
   * Payment Cards
   * Inventory Collaboration
 * Direct Materials Spend Mgmt.
   * Direct Materials Sourcing
   * Supply Chain Collaboration
 * Additional Solutions


 * SOLUTIONS BY BUSINESS NEED

 * Collaboration/Innovation
 * Cost Reduction
 * Direct Procurement
 * Government Gateway
 * Inflation Control
 * Invoice Automation
 * Master Data Management
 * Multi-ERP Integration
 * Process Digitization
 * Supplier Risk Management
 * Sustainable Procurement


 * SOLUTIONS BY INDUSTRY

 * Automotive
 * Construction & Engineering
 * Financial Services
 * Food & Beverage
 * Healthcare
 * Manufacturing
 * Oil, Gas & Energy
 * Public Sector
 * Retail
 * Telecommunications


 * PLATFORM

 * Ivalua Platform
   * IVA Generative AI
 * Ivalua Open Ecosystem
 * Accessibility


 * CUSTOMERS

 * All Customers
 * Automotive
 * Construction & Real Estate
 * Defense
 * Education
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 * Services
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 * Transportation & Logistics


 * RESOURCES

 * All Resources
 * Blog
 * Analyst Reports
 * Whitepapers
 * On-Demand Demos
 * Live Demos
 * Events & Webinars
 * Podcast
 * Videos
 * Newsroom
 * Glossary
 * #LoveProcurement


 * SERVICES

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 * PARTNERS

 * All Partners
 * Partner Program Sign Up

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