Improve the Speed, Accuracy and Transparency of Supplier Management, Invoice Processing and Outbound Payments
Maintaining control over outbound payments with an efficient procure-to-pay (P2P) process has a positive effect on a company’s costs, productivity, and overall cash position. It not only improves the Days Payable Outstanding (DPO), it can also help reduce the risk of losses due to duplicate payments, overpayments, pricing errors or fraud. With around 78% of all companies subject to attempted payment fraud, it is increasingly important for organizations to improve visibility and control over outbound payments.
Our Procure-to-Pay solution provides you with a complete outbound payment ecosystem that improves the speed, accuracy and transparency of invoice processing by completely automating it from the moment invoices are received to the moment they are paid.
The solutions centralize and standardize the procure-to-pay process and provide advanced P2P reports and analytics so your organizations can achieve greater transparency into global working capital and quickly adapt processes to rapidly changing business conditions. The solutions are ideal for use in global shared services centers, but are equally beneficial when used in local subsidiaries by in-house AP teams.
Key Benefits of P2P Solutions
- Centralize and standardize P2P processes in a single hub
- Increase process efficiency with embedded automation
- Tight end-to-end security for outbound payments
- Audit-proof processes
- Proactive fraud prevention
- Improved regulatory compliance
- Control over DPO
Future-Proof Technology — Flexible and Scalable!
As technology follows business needs, we offer different deployment options depending on the solutions you require and the systems you run – be it on-premise, cloud or a hybrid approach.
Multiple ERP Systems
The suite enables companies to unify and standardize procedures across multiple, fragmented enterprise systems.
In constantly changing markets we support you with managed services to make you more agile and flexible in your business.
Visit our Webinar on this Topic
Webinar: Supplier Evaluation – Optimized Vendor Onboarding
November 13, 2018 at 10:00 am EST / 04:00 pm CET
Success Story: Adient
Learn how Adient, a global automotive seating supplier is able to process more than 3 million invoices each year from its global shared services center in Bratislava.
Whitepaper: What's Next In Accounts Payable?
Find out how to leverage the latest robotic process automation, Cloud, mobile and blockchain technologies to improve your existing invoice processes, lower the cost per invoice and reduce fraud.
Brochure: Procure to Pay Solutions
Learn how our Supplier Evaluation, Supplier Management, Accounts Payable Management, and Payments solutions work to provide an end-to-end solution for managing outbound payments.