In an automated Purchase-to-Pay process, the request and supplier selection have so far gone very smoothly. The objective is that everyone in the organization can submit an application in the simplest possible way and place it with the right supplier. Once the supplier is known, and the product is selected, the purchaser can easily order requests. Purchasing becomes difficult without existing agreements or contracts. Only suppliers with existing agreements and where conditions therefore apply can be found in the overview. Then it is so easy that this supplier can be consulted online and is easy to compare with other suppliers. Once an application is approved, if not already done, the supplier can be selected. With Purchase-to-Pay automation, you can process the approval through an approval flow, where executives can accept, reject, or change an application online. The responsible person must approve this request. Budgets will be updated in real-time, which gives more control over the process from request to payment.Īs soon as a need arises within an organization, this need will convert into a purchase order. But even that these agreements and contracts are easy to find. Also, a digital process ensures that the correct insights into expenses are available and that the proper agreements will be arranged with the suppliers. Why automate the Purchase-to-Pay process?Ī digitized Purchase-to-Pay process allows for faster processing time, taking advantage of payment discounts and time available to work on the primary process. There are many errors documents disappear, and this way of working causes a lot of frustration for your employees. Besides, the entire purchasing process is often not digitized, and a lot of unnecessary time is wasted with the invoice process as a whole. Needs arise for different products from different layers within an organization. This process is relevant to every organization. Purchase-to-Pay is the process from purchase request to payment. Full control and insights with Purchase-to-Pay automation.
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