Want to Stay Ahead of the Competition?
Transform Your Business with a Systemized P2P Process
Say Goodbye to Error-Filled Ledgers and Struggles
The Procure-to-Pay (P2P) process can be challenging due to its multifaceted nature, encompassing several distinct processes across various organizational units, and involving the participation of multiple stakeholders. These factors contribute to a complex and occasionally confusing process, particularly when performed manually and involves paper-based transactions.
Key Activities
- Purchase Planning
- Vendor Management & Buying
- Receiving
- Invoicing
- Vendor advance & reconciliation
Procure-to-Pay Outsourcing Services
- Managing suppliers
- Managing purchase orders
- Receiving invoices
- Processing invoices
- Managing pricing conditions
- Implementing approval strategies
- Processing employee claims
- Reconciliation
- Monitoring open PR’s & PO’s
- Monitoring compliance with standard payment terms
- Maintaining a complete audit trail
- Manual processing of payment transactions
- Dual control of master records
- Full audit trail
Risks and challenges that are associated with the procure-to-pay (P2P) process
- Inaccurate Purchase Orders
- Fraudulent Activities
- Compliance Issues
- Inefficient Processes
- Inadequate Oversight
We take pride in providing our clients with Procure-to-pay services that deliver tangible business value. Through our expertise, we help our clients achieve cost reduction in their operations, establish world-class cost structures, and implement robust controls. Our standardized accounts payable (AP) processes are highly streamlined and enhance efficiency.
Additionally,
We offer Account Payable services to end customers in the US using third-party accounting software. The following benefits and features are available-
- Vendor database management
- Accurate payments done to Vendors on time
- Vendor GL’s are updated on a timely manner
- Bad debts adjustments done as per the GAAP
- Win client confidence with high-level and accurate projections of Payables and AP Aging reports are shared on time as per management requirements
Streamline your procurement-to-payment process effortlessly!
Contact our solutions experts and take the first step toward a brighter future!
