Introduction
In this blog, learn how to identify common gaps and take actionable steps to close them, finally meeting or exceeding your original S2P business case.
Begin by assessing your current S2P processes, systems, and capabilities against best practices and industry benchmarks. A maturity assessment helps identify areas of strength and pinpoint gaps in your system’s ability to support long-term strategic goals. It also enables you to prioritize improvements that will have the greatest impact on ROI. Unlike most consulting firms, Focus by Optis offers the ability to conduct a maturity assessment with comprehensive results in a matter of weeks. Focus can be leveraged to help create an actionable roadmap of high-impact improvements to maximize ROI.
Evaluate whether your current S2P solution meets the needs of your and your organization’s objectives. Are there gaps in automation, spend visibility, or supplier management? Do you need help revitalizing aged processes and configurations? As your organization matures, existing technology should enable change – not hinder it. Identify the capabilities required to close these gaps—such as better data integration, advanced analytics, enhanced supplier collaboration, or overdue configuration maintenance—and define if you are missing specific functionalities your system should deliver.
A successful S2P solution doesn’t rely on technology alone. It requires the right enablers across key areas:
After identifying the necessary capabilities and enablers, focus on process optimization. Revisit workflows, ensure user adoption, and refine the system’s configurations to match your organization’s evolving needs. This step may include leveraging advanced features like AI-driven analytics, supplier risk management, or automated contract lifecycle management to drive incremental value.
Per $1B in spend, your organization should be enabled to capture over $50M in annual savings. Your S2P solution is a very powerful tool, but like any tool, it requires maintenance, the agility to adapt to evolving organizational objectives, and user engagement to deliver maximum value. By addressing gaps in capabilities, processes, and adoption, you can ensure your solution doesn’t just meet its ROI goals — it exceeds them.
At Optis, we specialize in helping organizations transform their source-to-pay processes for long-term success. We can help you navigate these steps, ensure the alignment of your solution with industry best practices, and drive greater ROI.
Ready to hit your ROI goals? Contact Optis today to learn more.