Procure to Pay Service
Enhance your Purchasing Experience
Irrespective of the nature or size of their business, enterprises need to buy raw material from other companies. From purchase inquiry, order request, goods receipt to vendor payment, the Procure to Pay (P2P) cycle involves all the activities required to complete an order. It integrates the purchasing and the accounts payable systems to track purchasing behavior of organizations to increase efficiency.
By taking care of the P2P cycle, we streamline the entire buying process. This includes order processing, spot buying, contract administration document management, invoice processing, auditing and procurement data management.
HOW WE DO IT
PURCHASE REQUISITION
VENDOR MANAGEMENT
CONTRACT MANAGEMENT
ORDER PROCESSING
INVOICE MANAGEMENT
INSIGHTS REPORTING
Identifying Requirements
Identifying Vendors & Suppliers
Purchase Contract
Purchase Order Acknowledgement
Goods Receipt
Descriptive Analytics
Purchase Request
Inquiries
Negotiation & Revision
Procurement
3-way Match to Validate
Diagnostic Analytics
Request Assessment
Receipt of Quotation
Review & Approval of Contracts
Order Examining
Review & Authorization
Predictive Analytics
Request Authorization
Purchase Negotiation
Ensure Compliance
Shipment
Schedule Payment
Prescriptive Analytics
PURCHASE REQUISITION
Identifying
Requirements
Purchase Request
Request
Assessment
Request Authorization
VENDOR MANAGEMENT
Identifying Vendors & Suppliers
Inquiries
Receipt
of Quotation
Purchase Negotiation
CONTRACT MANAGEMENT
Purchase
Contract
Negotiation & Revision
Review & Approval of Contracts
Ensure Compliance
ORDER PROCESSING
Purchase Order Acknowledgement
Procurement
Order Examining
Shipment
INVOICE MANAGEMENT
Goods
Receipt
3-way Match to Validate
Review & Authorization
Schedule Payment
INSIGHTS REPORTING
Descriptive
Analytics
Diagnostic Analytics
Predictive Analytics
Prescriptive Analytics
WHY IS IT IMPORTANT
Procure to Pay is a fully integrated solution designed to enable an end-to-end process that starts with products or services requisitioning and concludes with invoice processing.
We have a framework that enables seamless collaboration, timely payments, enhanced spend visibility, improved supplier relationships and better decision making. Our Procure to Pay process helps in optimizing the working capital and operating costs while providing greater control and transparency to drive efficiencies throughout the purchasing process.
