Today, the world is changing at a fast pace and organizations are struggling with how to engage with clients and customers in a better way while staying competitive. Digital Procure-to-pay (P2P) is a fully integrated system that is used to support an end-to-end system from goods and services procurement to payments to businesses. Digitization provides new revenue and value-producing capabilities and helps to change the business model. Businesses can streamline and automate procurement and supply chain management using P2P digital transformation strategies. It allows suppliers to submit electronic invoices and helps to transact effectively with business partners. Procure-to-pay software solutions can build up greater compliance among buyers, vendors, and suppliers. It has four stages: determining goods and services; enforcing standards and compliance; receiving the orders and invoices and payments. It enables an organization to buy from a particular supplier without paperwork at a negotiated price.

Purchase Order Creation: Initially, the organization has to determine the demand for goods. Then, a purchase request is sent to the project manager and budget availability is checked. After the approval of the purchase request, purchasing order is sent to the supplier automatically. With this, your organization will get a real-time view of the cost incurred for this order.

Delivery of goods: With the delivery of goods, you receive an invoice. Our system processes the invoice without manual intervention by accessing the available information about the order and vendor.

Invoice booking:The invoice which was approved now; will be booked into your accounting system automatically. All invoices are available in the database for review at any time.

Compliance and control: With all the information in digital format, organizations can make reports, forecast, and manage the process. It enables the client to prevent budget overruns and fraud.

The key features of digital P2P are auto-creation of orders, inventory tracking, e-invoice, updation of real-time information on the portal. It enables organizations to confirm orders from suppliers, submit electronic documents, and real-time payments. It improves coordination, brings down the cost, betters visibility of transactions, and minimizes risk. It brings intelligence to your entire enterprise. This intelligence helps you in making key decisions for the business.

In the procurement process, it is complicated to manage a large number of vendors. With SAP P2P solutions provided by us, we can manage vendors in a centralized manner and can easily track their performance. Invoices can be processed automatically once they are matched. Some of the key advantages of Digital P2P Digital Transformation solutions provided by us are given below:

• Reduce transaction processing costs through automation
• Active control of spendings
• Automate catalog maintenance, reduce cost and save time
• Reduction of processing costs
• Effective and efficient integration with ERP systems/ Applications
• Invoice discounting improves the cash management process