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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