Purchase-to-pay
From procurement to payment: streamline your purchase-to-pay process with automation, transparency, and efficiency. By connecting various input channels (paper, email, PDF, EDI, etc.), you can quickly communicate and exchange all relevant documents and information with the respective parties. Your employees benefit from reduced time spent and better transparency of all processes.
Overview
Why Purchase-to-Pay Processes are so Important
P2P processes encompass the entire workflow from demand recognition and procurement to the payment of goods and services in businesses. This includes order processing, supplier management, invoice verification, and payment processing. Digitalizing these essential processes enables more efficient and transparent execution. Costs are reduced, errors minimized, procurement cycles shortened, and internal communication among employees, as well as external communication with suppliers, is improved. Furthermore, it allows for long-term data-driven analysis, which will be crucial for optimizing your business strategy in the long run.