What is S2P?

S2P most likely refers to Source-to-Pay. Source-to-Pay (S2P) is a comprehensive suite of business processes that covers all activities from identifying a need for goods or services (sourcing) to making the final payment (procurement and accounts payable). It typically involves functionalities like e-sourcing, contract management, e-procurement, invoice processing, and spend analysis. The goal of S2P is to streamline the entire procurement lifecycle, improve efficiency, reduce costs, and ensure compliance.