PROCURE-TO-PAY AUTOMATION

Procure-to-pay software is sometimes also referred to as purchase-to-pay software. It refers to software that provides a 360° view of what and how companies are spending money while equipping them with technology to reduce risks, manage compliance and strengthen supplier relationships. Procure-to-pay software structures the purchasing process, greatly simplifying the process of replenishing your goods and services, followed by payment. Esker software was built to tackle late payment fees, lengthy or delayed cycle times as well as the manual task of matching orders and receipts.

Similar to how Esker Accounts Payable system streamlines repetitive processes by automating them, Esker’s procure-to-pay solutions use automation to speed up your process requisitions, manage your supplier’s information, eliminate manual spend requests and goods/services ordering, resulting in substantial cost savings and process efficiencies. Esker automated digital workflow processes ensure that every request is accompanied by the correct authorisation. Whether your industry is food and beverage, consumer goods or retail, we have the procure-to-pay solutions you need to optimise your work processes so you can maximise your return on investment (ROI).

P2P tools stand for purchase-to-pay or procure-to-pay tools. The term refers to tools sold by either procure-to-pay software vendors or platforms that offer easy accounting solutions from procurement to payment. Procure-to-pay vendors sell products that enable their clients to rationalise their purchasing and payment workflow, often by reducing manual tasks with the help of technology such as artificial intelligence.

Esker’s procure-to-purchase tool, for example, allows for fluid supplier management, by centralising vendor data for a simplified onboarding process. Our procure-to-purchase tool also automates Accounts Payable processes, which helps to lessen any delays and invoicing costs. Esker’s P2P tool also streamlines the purchasing process, which translates into a user-friendly experience.

Esker’s procure-to-pay solutions were formulated to centralise people and processes, simplify cash management and improve the global speed and visibility across the board. The software was also designed for ease-of-use by providing suppliers with a self-service portal, which in turn makes it more likely for suppliers to conduct business with you, therefore creating new revenue opportunities.

Learn more about how Esker’s automated business solutions can help you take your business to the next level. Together with our procure-to-pay software, Esker’s collection management and auto cash application solutions are made for doing business the smart way, not the hard way. Our collection management software, for example, automatically generates Accounts Receivable documents according to your stipulated preferences. Our auto cash application software, on the other hand, helps your Accounts Receivable team allocate cash while managing multiple payment sources and formats.

Questions? Comments? You can reach us via phone call or email.