That’s a very hard question and, to some extent the key elements will, at least in many views, revolve around what you are looking for the platform to support, but there are some elements that should be part of your S2P platform regardless of where your solution focus is.
What are they? Where can you find some hints? For starters, you can loo to the new version of Solution Maps, designed by the doctor, with initial results releasing in less than two months, which have refactored all of the maps to have a new Common platform section (as well as a new common section for Sourcing – SXM due to the large overlap between the requirements and today’s platforms) which focuses on areas that are critical to S2P success regardless of your focus.
This new Common section is broken down into five categories
And they key requirements for any platform can be found in these four categories
Let’s start with analytics. This has four sub-categories, all of which are vital:
As today’s information economy runs on data. Big data.
As this data is constantly expanding and changing.
As you can’t manage what you can’t measure
As we need to extract the data we need to do our jobs.
Now let’s look at technology. Each of the seven sub-categories it contains are vital:
Data Management Support
Which looks at foundational technology requirements to handle the data needs of today and tomorrow
Document Management Support
Which looks at the additional technology required for document management (as the business world runs on documents and contracts)
Which looks at the architecture and software stack designed to support an evolving system
As efficiency is about automation, usually accomplished by RPA and, in some cases, assisted intelligence (the first level of AI, which is where most companies are)
Standards and Integration
As one platform can’t do it all. Just like the internet does not support the One Ping.
Emerging Technology Support
As platforms must keep up
As the platform must be usable. By the average user, not just the PhD with years of esoteric knowledge.
Tomorrow we’ll outline the other categories and then in future posts we’ll dive into some of these key areas and define what they might mean in plain English.