Source to pay to drive strategic and sustainable growth
Break free from disconnected systems—unify procurement, sourcing, and payments for total efficiency.
Source-to-pay platform that industry leaders count on
Why modern businesses rely on Procol’s source-to-pay
S2P eliminates silos, reduces costs, ensures compliance, and gives you complete spend visibility.
Unified procurement
Eliminate silos by connecting everything from sourcing to payments on a single platform. Get complete visibility and control across procurement stages.
Faster procurement cycles
Leverage dynamic workflows and sourcing templates to accelerate sourcing events and contracting, reducing cycle times by 30%.
Drive cost savings
AI-powered sourcing with competitive bidding and supplier recommendations to secure better pricing while minimizing risks
Total spend visibility
Get 360° real-time insights into spend patterns, cost-saving opportunities, and prevent maverick spending with complete transparency.
Compliance and risk management
Manage supplier risks with real-time monitoring and compliance checks, minimize disruptions, and enhance supply chain stability.
Supplier collaboration
Boost vendor collaboration & relationship with seamless, built-in communication module with transparent procurement and automated workflows.
The intelligent source-to-pay software that unifies complex procurement process
From sourcing to final payment—Procol streamlines entire process to drive visibility and results for procurement and finance teams.
How Procol elevates your S2P process to the next level
Automate sourcing, optimize supplier management, and track spending—all in one S2P platform that integrates seamlessly with your ERP.
RFQ to auction conversion
Transition seamlessly from RFQs to an eAuction with just a single click. Instantly convert supplier quotes into starting bids for the auction.
45+ auction strategies
Take advantage of over 45 distinct auction strategies to cater to your unique sourcing needs for maximum savings.
Schedule sourcing events
Easily schedule RFx and auction events in advance, ensuring seamless execution without human intervention.
Customizable RFx and auction templates
Easily modify parameters and standardize your sourcing process according to your needs to avoid repetitive tasks and save time.
Dynamic Approval workflows
Easy to customize, multi-level approval workflows for seamless and faster approvals.
Supplier collaboration
Engage in structured discussions directly from the Procol dashboard and resolve queries quickly for long-term supplier relationships.
Touchless 3-way matching
Automate real-time invoice verification with purchase order and Goods Received Note (GRN).
Let AI handle the complexity—so you can focus on strategy, savings, and success
Make smarter procurement decision and unlock better and faster savings with AI
Source to pay software: Recognized by leaders. Loved by customers.
Talk to SalesSavings delivered
Supplier registered globally
Man hours saved
Recognized as a leader in source to pay solutions by industry experts.
S2P platform that seamlessly integrates with any ERP
S2P system that works with your existing workflow.
Learn MoreFrequently asked questions
In case you missed something
What is meant by source-to-pay?
Source to pay, abbreviated as s2p, is a process followed by most businesses to fulfil their procurement needs. The source to pay process begins with identifying the needs for specific goods within a department of the company and ends with paying the supplier from whom the requirement is procured or obtained. Hence, s2p meaning is simply the procurement of goods and materials as per your company’s needs.
What is the difference between S2P and P2P?
While source to pay refers to the process of procuring goods and materials for the business, procure-to-pay is a subset of the s2p process. This means procure to pay deals more with just the purchasing process i.e. invoicing, raising PO, three-way matching. Whereas, source to pay is a holistic process that includes the entire process from identifying needs for a certain material to procuring it from the vendor and then paying the vendor.
What is the difference between source to settle and source-to-pay?
While source to settle process focuses more on the settlement process or final payment stage only, source to pay focuses on the entire procurement lifecycle. The S2P process is usually done on a source to pay software, which automates the entire process into simple steps. It makes the process more efficient as it brings all stages to one unified solution.
How does S2P work?
Most companies use a source to pay solution or an s2p software to conduct the entire process. Source to pay is an exhaustive process that includes various stages such as demand identification, supplier identification to fulfil demand, contract negotiation, PO creation and finally receiving goods and making payments to the supplier. Using source to pay systems helps businesses automate and streamline their goods procurement process so they can be efficient.
What is an example of source-to-pay?
An easy-to-understand example of a source to pay could be a manufacturer identifying the need for a certain raw material to build a printing machine, then looking for the right suppliers who can provide the raw material, developing and finalizing contracts to agree on terms of work. This is followed by the creation of a PO and receiving the raw material from the supplier. The manufacturers finally make payment to the supplier.
What are the steps in S2P?
The steps followed in the s2p process while using a source to pay platform include identification of a need, strategic sourcing of suppliers, negotiation of contract, creation of purchase order, and receiving the goods. There is one step of final payment processing that comes after the company has received the goods from the supplier. Source to pay tools help in conducting this comprehensive process end to end without any errors and with minimal human intervention.
Why is source-to-pay important?
S2P procurement is important to businesses as it helps automate and streamline the procurement process while making it efficient. It helps in automating manual tasks thus reducing errors. Most S2P platforms usually help in ensuring compliance with regulatory standards so the finance process of procurement is in check. Hence, S2P using a source to pay procurement software is the ideal way to structure and organize your procurement process.
What are the best source to pay solutions?
Some of the best source to pay solutions are Procol, Coupa, and Proactis. Procol helps you make your S2P process efficient, optimized, and error-free. It reduces your turnaround time for vendor payments, thus enhancing your business’ vendor relations. Other alternatives like Ivalua, Zip, and Medium also help in managing the source to pay process in one common platform.
