Simply put: one of the major distinguishing features of the source-to-pay process is the additional layer that’s added – i.e. “… an improved version of spend management compared with P2P as it includes solutions for sourcing.” The Chartered Institute of Procurement and Supply (CIPS) defines source-to-pay as: And it is one of the roles of a sourcing specialist on a procurement team to understand them.īut what exactly is S2P and how does it differ from P2P? We’re here to break it down. One such term is source-to-pay (S2P) which has its roots in procure-to-pay. What is the difference between procure-to-pay vs source-to-pay?Īs procurement systems and processes gradually take on more technological aspects new terms emerge.
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