Source to Pay Cycle

eProcurement is a catch-all word that means different things to different people. Here at @UK PLC®, we use it to define the entire s2p process from Source to payment.

@UK Source 2 Pay

@UK PLC® aims to join up all the elements of s2p(Source to pay) into a a straightforward linked up process.

The result is significant savings to both buyers and suppliers through an easy to use efficient process.

Sourcing has the following stages

  • Spend Analysis - SpendInsight

  • Demand Management

  • Sourcing Strategy - e2class/GreenInsight

  • Supplier Qualification - @Directory

  • Contract Negotiation - @Tenders and @Auctions

  • Contract management - @Contracts, @Purchase2Pay, @Marketplace

Buying has the following stages

  • Identify need @Marketplace, @Source, e2class
  • Create Requisition @Marketplace, @Quotes, @Auctions
  • Route Approval (integration with all PO systems plus @Purchase2Pay
  • Create Purchase order (ERP/@Purchase2Pay)
  • Shipping/provision of service
  • Receipt of goods/services (ERP/@Purchase2Pay)
  • einvoice @Marketplace
  • payment @Marketplace, p-cards, BACS, status notifications to suppliers

By providing both buyers and suppliers with a set of easy to use systems, that connect into existing systems where appropriate, @UK PLC aims to break down the barriers to mass adoption of e-procurement and the full s2p(Source to pay) cycle.

 

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Why Choose @UK?

  • Green Marketplace with over 1 million users
  • Get analysis results fast: fully-automated
  • Guaranteed savings & Immediate business plan
  • Full granular, line-item level reporting
  • Products, categories and suppliers responsible for your procurement carbon footprint
  • Over £120 billion analysed to date
  • Over 290,000 companies formed
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@UK PLC is the leading ecommerce marketplace, with over 1 million users. We believe that @UK PLC has significantly more users than all the other UK marketplaces combined, and that we are probably the largest transactional b2b marketplace providing integrated eCommerce and eProcurement worldwide.

@UK PLC is the first large volume green marketplace with over 3 million products that have carbon footprints. @UK PLC supports businesses from start up through to being members of the fortune 500, and is a leading Company Formation & Company Registration Agent with over 290,000 Limited Companies formed.

 

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'The project was particularly exciting as it allowed for joint work with leading academics at the University of Reading and Research scientists at @UK PLC. This is one of the largest and most innovative KTP projects ever undertaken and we are very excited by the results. We believe that the new tool is groundbreaking and has come at exactly the right time to help public and private sector organizations achieve savings.'

Professor Mark Bishop, Department of Computing
Goldsmiths

'It's really useful because we can look at the information from all different angles and it's so easy to use,' says Ms Hamilton. 'It will help us rationalise and standardise our suppliers and products, which in turn means we can get better prices.'

Vicki Hamilton, The Head of Procurement and Supplies for the Outer South East London Shared Procurement
London Procurement Program

 

We’d love to hear from you. Please send us your questions, comments or concerns by filling out the form below. We’ll do our best to get back to you as quickly as possible, usually within 1-2 business days.
 

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