Automating Purchase to Pay
Improve your company
bottom line.
Significantly.
Extract purchase orders
Digitise delivery notes
Automate invoice approval
This is one area where the back office can really ramp up efficiency. Access to accurate purchase order details for automatic comparison as the delivery note and invoice are processed, provides significant opportunities to remove effort, time, risk and cost from the process.
Create purchase orders for everything
Accurate documentation will significantly lower your costs for the entire process.
Keep track of showstoppers
Proper metrics will highlight supplier document deficiencies as well as production bottlenecks.
Purchase orders help increase control, reduce unnecessary costs and improve the entire performance of the accounts payable function. Not to menion the efficiency of the entire purchase-to-pay process.
The information contained within the purchase order is key to successful internal transaction-based collaboration between the buying organisations’ procurement and finance functions. It is also essential to the external collaboration with the suppliers/vendors sales and finance functions. Ensuring that the PO is accurate and timely is fundamental in driving out wasted effort, unnecessary cost and increasing back-office efficiency.
Scope
Automation of the entire process, from requisition to final invoice posting and archiving, is expertly covered by ReadSoft and numerous competent partners.
Automation areas
The purchase to pay processes are basically the same regardless of industry type. Our experiences cover many, very different fields of industry, public service organisations, and government bodies, in many countries with very different legislation, rules, and business practices.
For further information please check our reference list or get in touch with us