Data Analysis; Digital Marketing; Artificial Intelligence, Machine
Learning, e-Auctions, e-Procurement and Tendering, Digital Transformation;
These words are becoming more prominent as we walk through our lives in this
digital era, but seldom does it happen that people know the actual meaning of
these terms and why would they? These are not the words that a person would
ponder upon in everyday life. These terms refer to the processes that go behind
making any company successful in the modern corporate world. However, most
businesses are not familiar with these terms either, which is why separate
entities have started to come up to help businesses with these modern problems.
These modernization experts have deep-rooted knowledge about social media, SEO,
Analytics and much more.
Source2T Private Limited is a business process
transformation company with a special focus on the procure-to-pay /
e-Procurement process area. The company is a team of highly experienced industry
veterans who help design optimal digitized processes for
their clients and provide efficient supplier collaboration for
effective supplier procurement and adoption. The products that Source2T
develops are agile & highly configurable to allow easy adoption of client-specific
logic and customizations. Source2T is committed to helping businesses
cost-effectively achieve their goals through its easy-to-use digital solutions.
The company’s proprietary cloud-based software solutions named “ValProc”
focus on all types of businesses with the prime focus are tailor-made for MSME
enterprises wh. Source2T’s major clients include Candor, Equinox, Brookfield,
Cowrks, Nucleus Office Parks, Skootr, Martin Brower USA, etc. among many
others. Let’s take a look at the company’s services.
Services
● Spend Analysis: Source2T aims to change the process of
collecting, cleansing, classifying, and analysing the spend data to decrease the procurement costs, improve
efficiency and monitor controls and compliance for its clients.
● KYS (Know Your Suppliers) Supplier Management: Source2T provided KYS
information which enables procurement teams to
determine the impact of event-led disruption
on their supply chain and thus helps companies in making well-informed
decisions. KYS thus helps the clients to reduce supplier related risks.
● E-Auctions: Source2T builds Auction platforms that let you
plan, create, approve, and float from a large array of Auction types, both Reverse
Auction (for Procurement) as well as Forward Auction (for Disposal).
● RFX Factory Sourcing: RFx is a common acronym used in the procurement
landscape and it capture all references to Request for Proposal (RFP), Request
for Information (RFI), Request for Quote (RFQ), and Request for Bid (RFB).
● Accounts Payable: Source2T provides an intuitive and effective
accounts payable automation solution for two or three-way document matching of
PO, Invoice & GRN and approval workflow to process the invoices and generate a good-to-pay file which can be further integrated with Finance ERP through API.
● Procure to Pay Suite: ValProc is an intelligible and highly efficient
cloud-based procure-to-pay platform developed by Source2T which
helps in clients’ procurements. Valproc empowers employees by connecting them
to suppliers and provides spending visibility anytime, anywhere.
● ValProc is a complete end to end Procurement Automation platform
with integrated modules as under,
o
Dynamic Budget Module
o
Asset Lifecycle Management
o
Inventory / Store Management
o
Spend Analysis
o
Supplier Performance Evaluation and Scoring
Mission
‘To simplify the business ecosystem, driven by talent
incubation, reengineering and automation.’
Source2T is well poised to achieve this mission due to its
stronghold on its services, a talented workforce and a ripe market.
Vision
‘Transform to Simplify’
Is the main motto of the business. Source2T aims to increase
ease of running business through its transformative and modern approach towards
its clients.
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