PRODUCT
Procure to Pay solutions – Streamline your Accounts Payable
Enhance your cash flow with Procure to Pay solutions
What are Procure to Pay Solutions?
Procure to Pay Solutions (P2P) offer an integrated platform for easy collaboration between procurement, suppliers, service providers, and financial institutions. They give organisations real visibility over their entire process. Using powerful new insights, they can reduce administrative costs, improve cash flows, and tap into dynamic discounting opportunities.
Data capture on the P2P platform
Information can be included in the data pool regardless of input quality. AI technologies like OCR/ICR enable accurate data capture, aggregation, routing, and approval.
An integrated vendor portal
A comprehensive web portal includes purchase requisition, self-service invoice, e-presentment, e-payment, and expense tracking.
Automated workflows
Ordering, invoicing, approvals, and payments can be automated using 2 or 3-way matching based on industry and specific business rules.
Analytics & cash flow
Tracking cash flow is easier as Procure to Pay solutions capture, organise, refine, and display data for both buyers and suppliers.
Enhanced visibility
There’s full process visibility via an integrated dashboard, which integrates with legacy treasury systems and displays full audit trails, transaction logs, and authentications.
Dynamic discounting
Dynamic discounting features allow for negotiating agreements in real-time. This saves on costs, helping to boost ROI, cash flow, and overall liquidity.
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