Introduce Our Procure to Pay (P2P) Software Solutions and Unlock Multiple Benefits in Your Business

Procure-to-Pay (P2P) solutions are essential for streamlining procurement and payment processes in modern businesses. They help organisations overcome challenges like high volumes of invoices, complex payment requirements, and compliance with global regulations. By automating tasks such as invoice capture, approval workflows, and payments, P2P solutions improve efficiency, reduce errors, and enhance supplier relationships, ultimately driving cost savings and better cash flow
management. These solutions enable businesses to maintain transparency, optimise resources, and stay compliant with diverse regulatory standards across regions.

Procure to Pay (P2P) Software and Solutions 

Improve the speed, accuracy and transparency of invoice processing and outbound payments with Serrala procure to pay software, helping you build an efficient procure to pay cycle:

1.    Increase Process Efficiency with embedded P2P automation software
By incorporating automation and digital processes into your Procure to Pay process workflow, you can streamline and automate manual steps. This reduction in manual work allows your team to allocate their time towards more valuable tasks and activities.

2.    Reduce Risk of Payment Delays  within your procure to pay  process
Make sure early payment discounts are realized.

3.    Utilize P2P Software to Enable Account Teams with Real-Time Data
Benefit from real-time visibility into data and generate insights to improve the way you procure goods and services from suppliers. 

4.    Mitigate Risk and Ensure Compliance, Globally by automating P2P
Comply easily with global regulations and technology standards, opening up a world of opportunity to trade and business. 

5.    Improve Days Payable Outstanding (DPO)
With a robust P2P workflow cycle you are able to improve your cash flow by optimizing your DPO and monitor key performance indicators to drive smarter financial decisions.

6.    Reduce Risk of Payment Fraud with P2P automation software
Introduce automation to limit the risk of payment fraud within your P2P process.

“Serrala creates a beautiful interface between accounts payable and finance department, where payment transactions take place."
Quote: Jennifer Schurai, GNS 
 

Maximize Cost Efficiencies Through P2P Automation

Introducing procure to pay software for an organisation’s procure to pay process is the first step in maximizing cost efficiencies across suppliers from multiple markets. In today’s world, where procuring goods and services is increasingly volatile, procure to pay automation solutions can help to strengthen supplier relationships that can foster better commercial arrangements. 

By implementing P2P automation software, an end-to-end efficiency is introduced into the P2P process which allows suppliers to transact easily with your organization. By doing so, you can do business with more suppliers in more countries worldwide. 

Common Procure to Pay Challenges Typically Faced by Large Organizations

• Large volume of suppliers from multiple markets, with no formal process submitting invoices and maintaining accurate master data 
   
• Thousands of manually processed invoices, received in a variety of formats in a variety of ways.
   
• Management of a variety of complex payment requirements, across countries, currencies, and document formats, all with varying regulatory requirements.
   
•  Disconnected teams and technologies that make processing vendor payments challenging across locations, countries, and systems.

Automate P2P Processes and Improve Days Payables Outstanding (DPO)

Serrala Procure to Pay software improves the procure to pay cycle using dynamic Robotic Process Automation (RPA) and Machine Learning (ML) capabilities to automate repetitive processes. This allows your team to spend their time on higher-value tasks, utilizing intelligence and data from P2P solutions to increase efficiency and value within your AP department. 

Our Procure to Pay software solutions offer exceptional process efficiency and flexibility with mobile and cloud capabilities coupled with tight end-to-end security. These cutting-edge procure to pay solutions empower users by providing real-time reports and seamless online access to supporting data and documents, significantly enhancing processing speed and communication with internal stakeholders, suppliers, and auditors on a global scale. 

Why Automate Procure-to-Pay?

Automating the Procure-to-Pay (P2P) process offers significant advantages for businesses by addressing several key challenges they face in manual invoice processing, supplier management, and regulatory compliance.

1. Managing High Volumes of Invoices

Manual invoice processing can become cumbersome and error-prone, especially for large organisations handling thousands of invoices across multiple suppliers. Automation enables the seamless capture, validation, and approval of invoices from various formats, improving efficiency and reducing human error. Businesses can scale up operations without being hindered by the complexity of manually managing a high volume of transactions.

2. Compliance with Global Standards

As businesses expand internationally, adhering to diverse regulatory requirements becomes increasingly difficult. Automating the P2P process ensures compliance with local tax laws, invoicing formats, and payment regulations, reducing the risk of penalties and fines. Automation software can integrate with local and global accounting standards, helping businesses stay compliant in multiple regions without the need for separate manual checks.

3. Improving Supplier Relationships

P2P automation also enhances supplier relationships by ensuring timely payments and transparent communication. By automating the payment process, businesses can take advantage of early payment discounts, maintain strong supplier ties, and ensure that invoices are paid on time. This fosters better commercial agreements and strengthens supplier loyalty.

4. Reducing Operational Costs and Errors

Manual processing often leads to errors, delays, and costly corrections, all of which impact the bottom line. Automation reduces these risks by streamlining the process from requisition to payment, cutting down on administrative time and operational costs. In fact, studies show that organisations that adopt P2P automation often see a significant reduction in processing costs and improved cash flow management.

5. Better Data Visibility and Reporting

With automation, businesses gain real-time visibility into their procurement and payment cycles. This means accurate and up-to-date data is available for analysis, helping organisations make more informed financial decisions. Automated P2P systems can generate reports and dashboards that provide actionable insights, enabling businesses to improve cash flow management, monitor payment performance, and track supplier performance more effectively.

By automating the Procure-to-Pay process, companies can overcome these challenges, leading to enhanced efficiency, stronger supplier relationships, and improved compliance—ultimately providing a competitive edge in today’s fast-paced business environment.

What You’ll Gain from Our Procure to Pay Software

Learn more about our solutions for the procure to pay cycle:

Automated Accounts Payable (AP)

Serrala Accounts Payable Automation solutions standardize and centralize invoice processing, so organizations can increase efficiencies and reduce the cost of processing invoices globally. Our solutions use intelligent robotic automation to automate invoice processing from initial invoice capture, through processing and reporting. It provides organizations with innovative cloud-based components that improve the speed, accuracy, and transparency of invoice processing. The procure to pay solutions also provide the organization with real-time, accurate information on invoices, regardless of where they are in the process, so companies can process invoices quickly and pay suppliers on time.

• Intelligent capture of invoices in multiple formats (paper, PDF, XML, EDI, etc.) 
• Automatic validation of invoice information against systems of record and other sources. 
• Streamlined invoice processing, approvals, coding, and exception handling with embedded RPA (Robotic Process Automation) and machine learning (ML).
• Real-time information on invoice status with easy web and mobile access. 
• Robust Accounts Payable dashboards and reports.
   

Check out our AP automation software:

• AP Automation software for SAP
• AP Automation in the cloud
• AP Analytics 
• Next level invoice capture
• B2B Vendor Portal
• Journal Entry for SAP
   

Centralized Payments 

• Centralized processing of all outbound payments including payment runs, ad hoc payments, or urgent bank payments across all enterprise systems. 
• Access to payment information via mobile app. 
• Automated creation, approval, and signing of payment runs with RPA. 
• Intelligent payment approval and splitting processing based on payment type, location, or other criteria. 
• Support for multiple global payment formats (SWIFT, EBICS, H2H, etc.) with tight end-to-end security. 
• Seamless integration with all systems (HR, TMS, ERPs), banks, financial institutions, and payment service providers.
• Automated payment fraud monitoring on all outbound transactions.
   

Check out our Payments software:

• Payments for SAP
• Payments in the Cloud
   

Read some inspiring success stories  from our customers:

• KPS success story
• Zurich North success story
• Jabil success story
   

Frequently asked questions

What is Procure to Pay?

Procure to Pay (P2P), sometimes referred to as procurement to pay, refers to the process of requisitioning, receiving, processing, and paying for goods and services from suppliers within a business. Procure to Pay is sometimes confused with Order to Cash, which relates to the process of fulfilling a customer order. 
 

Is procure to pay the same as Accounts Payable? 

Procure to Pay (P2P) encompasses the end-to-end process of procuring goods or services, while AP focuses specifically on managing and processing invoices and payments to suppliers. AP is a subset of the broader P2P process, as it represents a crucial stage within the overall procurement cycle.
 

Why is procure to pay important? 

The procure to pay cycle plays a significant role in the overall efficiency and effectiveness of an organization’s procurement and financial processes. P2P manage cost control and savings, operational efficiency, compliance and risk management, supplier relationship management, data visibility and analytics, and cash flow management.
 

What are the benefits of Serrala Procure to Pay software solutions?

Increase process control and automation with the seamlessly integrated Serrala Accounts Payable solutions and Payments solutions. Our procure to pay software will improve process speed and accuracy with intelligent invoice capture and a self-service portal that provides your vendors with real-time invoice status updates and streamlined communications. Process invoices quickly and accelerate payments with intelligent workflows, direct connections to your banks and automatic payment formatting. The solution intelligently monitors every outbound transaction for potential payment fraud.