Procure To Pay

Procure to Pay (P2P) / (O2C) Automation

Our advanced P2P automation software helps businesses mitigate challenges related to financial losses, operational inefficiencies, and fraudulent activities. Procure-to-pay software offers a unified user interface, enabling organizations to seamlessly integrate with various ERP systems. This integration provides comprehensive insights into the entire transaction process, effectively lowering the risk of fraud and enhancing operational efficiency. 

 

Boost Efficiency with P2P Automation

Facing challenges with financial losses and operational inefficiencies? Our advanced P2P automation software helps address these issues.

  • Reduce Fraud
  • Improve Efficiency

Common Features Of P2P Automation Software

Supplier Management

The portal can optionally support user self-registration to streamline the onboarding process for vendors. You can invite multiple vendors for product auctions and process selected vendors. The portal supports contract management and supports workflow-driven processing of all steps in the vendor onboarding process. Sales processes can include developing sales quotes, attaining approvals, checking product availability, creating sales orders, good issues, customer invoicing, & managing the commission process.

Integrate Sourcing & Procurement

Our P2P automation software provides a centralized dashboard, keeping in line with the current trend of enhanced collaboration and transparency. Suppliers, customers, & internal teams can seamlessly access a unified platform to monitor invoices, orders, policies, team tasks, discussions, and more. Moreover, it offers real-time data sharing, a key trend, ensuring partners have up-to-date information on product catalogues, rates, & other critical details, fostering stronger & more efficient relationships.

Integration With ERP Systems

These procure-to-pay solutions excel in Integration with ERP Systems by effortlessly linking with an organization’s Enterprise Resource Planning (ERP) system, aligning with the current trend of streamlined data sharing. This integration ensures real-time data exchange, promoting uniformity and data precision across diverse platforms. Furthermore, it extends support for cloud gateways, enabling simultaneous connectivity to multiple vendors, a crucial feature in today’s interconnected business landscape.

Automated Payments

For repeated purchases, the procure-to-pay solution enables users to automatically generate draft purchase orders/requests based on rules defined on the ERP /Warehousing system data. The rules can include things like inventory levels, price updates or date schedules. Furthermore, the system optimizes the payment process, offering electronic funds transfer (EFT) and supplier self-service payment alternatives for greater efficiency and flexibility in financial transactions.

Invoice Disputes and Resolutions

All invoices/orders in the procure-to-pay system can be shared with suppliers/customers directly allowing for discrepancies with the invoices to get resolved sooner. Invoices can be re-assigned internally for faster resolution and action. Any comments are tracked and all changes are audited. Status updates from the supplier’s / customer’s system are available on the dashboard (e.g. “Under-Review”, “Accepted”, “Paid”) allowing for unprecedented visibility into the state of the invoice.

Visibility

Through dynamic graphs, illustrative charts, and insightful KPI dashboards, it offers comprehensive visibility into daily operations, highlighting exceptional conditions. This real-time insight empowers organizations to promptly identify emerging opportunities for cost savings. This focus on data-driven visibility not only enhances decision-making but also aligns with the modern trend of leveraging analytics to drive efficiency and optimize resources effectively.

KEY BENEFITS

  • Decrease DSO
  • Reduce paper
  • Better visibility
  • Streamlined operation
  • Fewer errors
  • Reduce Out-Of-Stock scenarios
  • Faster Settlement

Explore how IT can help your business by

Optimize Your Financial Processes with P2P/O2C Automation

Streamline your procurement and billing cycles for better efficiency. Discover our automation solutions.

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