Exostar has launchedÂ a newÂ source-to-pay system that works to combine the functions of aÂ management platform forÂ sourcing, contracts, procurement, payments and invoicing work with information security features.
“Organizations of all sizes, from large enterprises to small-to-medium businesses, are looking to rationalize sourcing and procurement to raise efficiency, reduce cost, and establish and enforce standard business processes and best practices,” said Doug Russell, Exostar’s vice president of supply chain solutions.
“S2P without security, particularly in the aerospace and defense world, is simply a non-starter.”
Exostar saidÂ access to itsÂ S2P systemÂ is controlled by the company’sÂ identity and access management platform that works toÂ enforce aÂ multi-factor authentication that requires permissions and privileges assigned by administrators.
The S2P is also designed to featureÂ analytics and reporting as well as support integration with an organizationâ€™s enterprise resource planning system, Exostar noted.