To implement the Lonesource solution, the process begins with a detailed Spend Analysis that includes
analyzing current processes and your total cost of acquisition for repetitive transactions. By working with
your finance team, we develop and execute standardized processes, transaction management tools and
training sessions for users that drive compliance to company policies.
Following the Spend Analysis, information collected during the analysis is used to start
Process Automation. In this phase, we automate the entire procure-to-pay process using the Lonesource technology
platform. Automated processes include:
- Developing custom and private catalogs
- Configuring electronic approval routing
- Logistics routing & shipment optimization
- Customizing real-time reporting
- Configuring the tracking and reporting of budgets
- Electronic invoice synchronization
In parallel with process automation, system users are identified and Training Programs are implemented
to ensure compliance and drive corporate standards programs. Within a few weeks, your spend management
solution is up and running.
