Managed Services

Source-to-Pay Outsourcing Services

Digitally Transform Your Source-to-Pay Organization To Realize Tangible Benefits

Executive Boards, CEO’s and CFO’s realize they must digitally transform their organization to ensure growth and survival. New technologies, business models and ideas are emerging at an incredibly fast rate. Competition can come from the most unlikely of places, and companies need to be prepared to quickly respond to new competitive threats. Revisiting existing models and operations, mobilizes organizations for agility and the creation of their own disruptive ideas.

The supply chain is one of the key areas requiring this transformation as it is a critical enabler of agility and innovation. It is also a key driver in the financial health of an organization.

To digitally transform an organizations source-to-pay process it must develop a comprehensive strategy that is not solely focused on technology. The strategy must address all of the stakeholders involved, fix or eliminate processes that are inefficient or not working and apply technology as an enabler.

Canon Can Help You To Overcome Your Source-To-Pay Challenges

CFO’s have been facing challenges with their source-to-pay transformation strategies. These often fall into three categories. People, process and technology.

People: This includes retention, experience, scalability, training, costs, managerial overhead, human resource issues (such as high turnover, maintaining optimum staffing levels, etc), and/or outdated practices and skills.
Process: Typically the process is manual, slow, inefficient, costly, not measurable, repeatable or auditable.
Technology: You may have legacy, disparate systems and lack the IT budget, resources and/or expertise.

Canon Is Your End-to-End Source-to-Pay Outsourcing Solution

S2 P Infographic Original File Cropped 3

The Canon Source-to-Pay delivery model enables a scalable infrastructure for growth that includes: designing new workflow processes; enabling a greater level of visibility into spend; instituting a governance model; providing flexible teams that can be located onsite, offsite and/or offshore; managing your workforce and implementing state-of-the-art, best-in-class technology.

A Holistic Source-to-Pay Approach Delivers Sustainable Results

Canon’s holistic approach starts with an analysis of your current staffing, processes and technologies to determine what is necessary to achieve your transformation goals.

Our analysis provides our clients with a breakdown of areas to improve and solutions for the people, process and technology challenges. Canon’s source-to-pay outsourcing delivers immediate impact through operational improvements while helping create and deliver on a roadmap for the digital transformation journey.

Canon offers a comprehensive set of services including:

Outsourcing for all or part of your sourcing, procurement and accounts payable process
Six sigma and lean based process analysis and redesign
Technology efficacy analysis
Source-to-Pay automation tools
Dynamic discount program management
Supplier information and risk management
Supplier network onboarding

Organizations that have successfully transformed their source-to-pay process have realized these benefits:

Reduction in Source-to-Pay cycle times
New discounts in addressable spend
Improved supply chain health
Reduction in processing costs
Increased spend under management

Transform Your Strategic Sourcing, Procurement & Accounts Payable Organizations To Gain Agility and Reduce Costs

Strategic-Sourcing-and-Procurement.jpg#asset:6876

The Canon Source-to-Pay Outsourcing service includes a flexible sourcing through procurement offering that can be tailored to fit your requirements. Whether you just need assistance with managing the Request for Information, Proposal and/or Quote (RFx) process, contract management or upstream procurement execution, our team of experts can help you optimize your performance with the right combination of talented people, streamlined processes and technology. Our capabilities include:

Supplier and category management
Data collection and spend analysis
RFx and bid collection
Catalog management
Day to day procurement operations
Long tail spend management

Benefits include:

Improved operational performance
Significantly reduced processing costs
Increased spend under management/contract compliance
Less maverick spend

Accounts-Payable-Outsourcing.jpg#asset:6877

An Optimized Accounts Payable Operation Provides Clear Benefits

The Canon Source-to-Pay Outsourcing service offering provides highly efficient accounts payable processing that is essential for every healthy supply chain. With Canon, you can achieve significantly elevated AP performance by effectively using the right mix of people, optimized processes and technology. Potential benefits include:

• Improved operational performance, significantly reduced processing costs
• Elimination of data entry and paper invoices
• Access to efficient, lower cost shared service centers and automation
• End-to-end visibility
• Lower risk and stronger internal controls and compliance
• Faster cycle-times
• Ability to capture available discounts, eliminate late fees
• Reduced calls from suppliers and improve supplier relationships
• Higher accuracy

Whether you need assistance with just accounts payable outsourcing or the whole S2P process, Canon can help.

Working-Capital-Management.jpg#asset:6878

The Canon Source-to-Pay offering includes Working Capital Management services to assist you with the balancing act of building and executing a working capital plan that includes DPO extension, dynamic discount programs while helping ensuring your supply chain remains healthy with the cash flow they need. Our team of experts can help you optimize your performance with the right combination of talented people, streamlined processes and technology.

Our customers realize benefits such as:

• DPO extension/normalization
• Increased early payment discounts
• Improved supplier relationships

Canon Can Help Organizations With Their Business Transformation Plan and Source-To-Pay Process To Enable High Quality Results

Market Leading Technology, Our Partnership with Tradeshift

The Canon Source-to-Pay Service leverages our partnership with Tradeshift, the world's largest business commerce platform. The partnership is designed to help FORTUNE 1000 companies take greater control over their source-to-pay process and reach the highest levels of performance.

Accounts payable gets a makeover

A company can get overwhelmed by invoices when it processes each one manually. Our client, the US unit of a global, multibillion-dollar cosmetics and beauty company, faced this dilemma and more: It had 1,500 invoices to manually process each day.