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Ivalua
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The State of Source-to-Pay Digitization 2024

Top Objectives for S2P Teams

In 2024

 

In this inaugural edition of "The State of Source-to-Pay Digitization 2024",

commissioned by Ivalua, Ardent Partners utilized the survey and interview responses of 382 S2P executives to examine the market today and the pivotal role that S2P leaders play in driving business resilience and financial growth.

 

The report also examines how S2P innovators are leveraging technology to outpace their rivals and the rising impact of Artificial Intelligence on both strategy and results.

74%

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Deliver cost
savings

36%

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Managing
supply risk

31%

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ESG
initiatives

28%

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Driving digital
transformation

2024 S2P Technology Budget

Compared to 2023

13%


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DECREASE

48%


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NO CHANGE

30%


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INCREASE

Top Challenges

Around S2P Tech and

Driving Value

 

Poor data quality and/or access in the technology

48%
Lack of integration between S2P tech and other systems

34%
Lack of integration across different S2P processes

33%
Inadequate change management

31%

Usage of AI

within your S2P 

operations today

 

Not using AI but PLAN to over the next 12 months

46%
Not using AI and have NO plans to over the next 12 months

26%
Currently use AI through separate systems not connected to S2P

13%
Currently use AI in our S2P technology

11%
Currently use AI through separate systems integrated to S2P

4%
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The State of

Source-to-Pay Digitization 2024

 

TABLE OF CONTENTS

 

- Chapter 1: Procurement Priorities, Plans, and Operations

- Chapter 2: The State of S2P Technology

- Chapter 3:  S2P Innovation

 

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