Synfiny Advisors Business Practice


Source-to-Pay processes, which includes Strategic Sourcing/Category Management, Order-to-Pay, and Supplier Diversity, significantly impact a firm’s operational success and financial performance by increasing profit, reducing costs, and improving cash flow. SynFiny Advisors can help you integrate these activities to deliver the right solutions, the most efficient processes, and the best value.

Strategic Sourcing/Category Management

  • Develop sound category sourcing strategies by using the six-step sourcing model
  • Find, select, and build strong relationships with the right suppliers
  • Improve organization skills and capability
  • Improve stakeholder engagement
  • Gain clear understanding of your markets and suppliers


  • Get accurate spend data and visibility
  • Simplify management of low dollar, non-strategic spending
  • Optimize current order management and payables solutions and technologies
  • Manage risk and governance
  • Set clear policies and manage compliance
  • Transactional work processes

Supplier Diversity

Supplier Diversity is part of the strategic sourcing/category management initiative, which includes the use of minority-owned, women owned, veteran owned, LGBT-owned, service disabled veteran owned, historically underutilized small business owned companies, as part of a diverse supplier base in the procurement of goods and services for any business or organization.

  • Determine the current state of SD spend in one’s current sourcing/procurement program; identify gaps and areas of opportunity
  • Develop SD objectives, strategies and tactics for the corporation as a whole and for the various spend categories; ensure SD plans link to the overall sourcing strategy
  • Benchmark with other comparable companies that have SD programs
  • Help identify potential diverse vendors
  • Develop SD training program for internal buyers, sourcing managers and other functions involved in sourcing