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Description

The Source-to-Pay (S2P) process represents a comprehensive sequence of activities that link an organization with its suppliers, initiating with the identification of suitable suppliers to meet specific needs, followed by negotiations and contract agreements for the acquisition of goods and/or services. This process concludes with the invoicing and payment to these suppliers. S2P also involves strategic procurement processes, including spend analysis, sourcing, contract management, and supplier management, which addresses supplier information, risk assessment, and performance evaluation, along with downstream tasks such as electronic procurement, purchase orders, invoice automation, and accounts payable operations. Organizations leverage the Source-to-Pay framework to minimize expenses, mitigate risks, foster innovation, enhance supplier partnerships, and achieve a range of other objectives. Additionally, Ivalua’s Source-to-Pay platform streamlines and digitizes the entire process across all categories of spending and supplier relationships, thereby improving efficiency and effectiveness in procurement activities. This holistic approach empowers businesses to respond quickly to market changes while optimizing their supply chain management.

Description

Bid farewell to the complications of manually handling invoices and expenses, and eliminate the tedious task of tracking down missing information. With Summit's AI-driven system, you can automate your processes with ease. Utilize AI-enhanced tools for Accounts Payable to automatically capture invoices and receipts, route them to the relevant approvers through tailored workflows, and synchronize smoothly with accounting software for stress-free reconciliation and bookkeeping. Gain insights with real-time status updates, enabling swift reporting and audit preparedness. Streamline the tasks of invoice uploading, monitoring, and approval. By removing manual data entry, you not only enhance accuracy but also free up valuable time for more strategic initiatives. Oversee reimbursement requests through our centralized dashboard while ensuring compliance with established policies. This approach saves time and minimizes the possibility of errors. Our Accounts Payable automation solutions provide comprehensive visibility into all company expenditures. By consolidating everything in one location, you can effortlessly maintain policy compliance and promote responsible spending, ultimately enhancing your financial management practices.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Beamy Yes 
Entrio Yes 
Fairmarkit Yes 
FreshBooks No 
Leah Yes 
Lemon Learning Yes 
MYOB No 
Microsoft Dynamics 365 No 
NetSuite No 
Okta No 
Sage Accounting No 
Shortways Yes 
TCS CHROMA Yes 
TCS MasterCraft DevPlus Yes 
TCS MasterCraft TransformPlus Yes 
TCS OmniStore Yes 
TCS Optumera Yes 
TCS TAP Yes 
Zoho Books No 
Zoho CRM No 

Integrations

Beamy No 
Entrio No 
Fairmarkit No 
FreshBooks Yes 
Leah No 
Lemon Learning No 
MYOB Yes 
Microsoft Dynamics 365 Yes 
NetSuite Yes 
Okta Yes 
Sage Accounting Yes 
Shortways No 
TCS CHROMA No 
TCS MasterCraft DevPlus No 
TCS MasterCraft TransformPlus No 
TCS OmniStore No 
TCS Optumera No 
TCS TAP No 
Zoho Books Yes 
Zoho CRM Yes 

Pricing Details

No price information available.
Free Trial Yes 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows Yes 
Mac Yes 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) Yes 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Ivalua

Founded

2000

Country

United States

Website

www.ivalua.com

Vendor Details

Company Name

Summit

Founded

2024

Country

Singapore

Website

summitglobal.com

Product Features

Contract Management

Buy Side (Suppliers) No 
Completion Tracking No 
Compliance Tracking No 
Contract Lifecycle Management Yes 
Electronic Signature Yes 
Full Text Search No 
Government Contracts No 
Pre-built Templates Yes 
Sell Side (Customers) No 
Specialty Contracts No 
Version Control No 
Workflow Management Yes 

Procurement

Asset Management Yes 
Auction Management Yes 
Bid Management No 
Budget Management Yes 
Catalog Management Yes 
Contract Management Yes 
Inventory Management No 
Invoice Processing Yes 
PunchOut Yes 
Purchase Order Management Yes 
Receiving Yes 
Requisitions & Approvals Yes 
Sourcing Management Yes 
Spend Management Yes 
Supplier Management Yes 

Purchasing

Catalog Management Yes 
Compliance Management Yes 
Contract Management No 
Inventory Management No 
Invoice Processing Yes 
PunchOut Yes 
Purchase Order Management Yes 
Requisitions & Approvals Yes 
Sourcing Management No 
Spend Management Yes 
Supplier Management Yes 

Spend Management

Approval Workflow No 
Budgeting / Forecasting No 
Expense Tracking Yes 
Multi-Currency No 
Prepaid Cards No 
Procurement Management Yes 
Receipt Management No 
Spend Analysis Yes 
Spend Control No 
Supplier Management Yes 

Vendor Management

Audit Management Yes 
Contact Management Yes 
Customer Database No 
Self Service Portal Yes 
Supplier Master Data Yes 
Transaction History Yes 
Vendor Maintained Profiles Yes 
Vendor Managed Inventory No 
Vendor Performance Rating Yes 
Vendor Qualification Tracking Yes 

Product Features

Accounts Payable

Approval Process Control No 
Bank Reconciliation No 
Cash Management No 
Check Writing No 
Duplicate Payment Alert No 
Fraud Detection No 
General Ledger Entry No 
Vendor Management No 

Expense Report

Approval Process Control No 
Invoice Management No 
Multi-Currency No 
Receipt Management No 
Reimbursement Management No 
Spend Control No 
Time Tracking No 
Workflow Management No 

Spend Management

Approval Workflow No 
Budgeting / Forecasting No 
Expense Tracking No 
Multi-Currency No 
Prepaid Cards No 
Procurement Management No 
Receipt Management No 
Spend Analysis No 
Spend Control No 
Supplier Management No 

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