Procure to Pay

Procure 2 pay is a enterprise solution that helps organizations manage their budgets full cycles.

Indicators of why you should use our system

  • Your financial processes are tedious and take too much time.
  • Your processes need too much individual involvement.
  • When tasks seem to be overwhelming your employees.
  • When your documents are riddled with human errors.
  • When you don’t have complete visibility of your resources and processes.

Advantages of P2P

  • Leverage Negotiations – using our p2p solution brings confidence within suppliers owing to short processing cycles and faster payments. The suppliers are willing too offer terms that are more advantageous.
  • Data-Driven Decision – P2P offers robust on-demand reporting capabilities. By using real-time and historical data provided to gain greater control over cash flow and working capital.
  • Straight Through Processing – with most invoice processing straight through, exceptions are limited and will get resolved faster.
  • Streamlined Processes – Our P2P provides connectivity throughout the organization, so requisitions are requested and approved faster, the right suppliers are selected based on data, and POs are produced and sent to the suppliers, all electronically and with easy tracking.
  • Reduced Cost – Going paperless and creating automated workflows reduced time as well as cost and enables organizations to use employees for more strategic initiatives
  • Ensured Transparency – Our P2P system provides transparency in operations throughout the supply chain giving management the ability to view and track each and every transaction.

P2P Functionalities

Budgets

1) Capex
2) Opex
3) Budget Tracker
4) Budget Re-allocation



Procurement Management

1) Raise Requisition
2) Sourcing Approach
3) Bid Preparation
4) Bid Responses
5) Bid Evaluation
6) Contract Management
7) Vendor Management

Administration

1) User Role Mapping
2) Task Delegation
3) Role to Function Mapping
4) Approval Matrix
5) Supplier Registration

Inventory Management

1) Stock Details
2) Stock Procurement
3) Stock Receipt
4) Stock Issuance
5) Stock Maintenance

Accounts Payable

1) Invoicing
2) Special Branch or HQ Payments
3) Tax Maintenance
4) Amortization
5) Trail Bal. Adjustments
6) Accrued Expenses

Asset Management

1) Asset Registry
2) Assets Tagging
3) Assets Transfer
4) Assets Disposal (Auction/Destruction/Donation)
5) Assets Depreciation Configure Rule
6) Asset Physical Verification


Reports

1) Administration
2) Branches/ Cost centers
3) Budget Tracking
4) Finance
5) Procurement
6) Inventory
7) Fixed Assets