Tel: +353 (1) 294 2420

Procure-to-Pay Transformation for CFOs

Today’s Chief Financial Officers are constantly looking for ways to reduce costs and improve efficiency. A review of back office processes highlights the procure-to-pay function as a perfect candidate for automation given its tendency to be manual and paper intensive.

Procure-to-pay (P2P) refers to the entire process by which organizations buy and pay for goods and services, from the request for the product to the issuance of the purchase order (PO), receipt of the goods, and finally the processing and payment of the supplier invoice.

For many companies, the P2P process is still primarily manual and paper-based. When the volume of invoices increases for example, these manual procedures begin to struggle and show their limitations. This white paper explains the details behind transforming this paper based process which leads to considerable results, such as a 300% improvement in invoice processing times.

Download the Whitepaper

Related Whitepapers

The CFO Guide to Optimizing Hospital AP

Business processes in the healthcare industry often involve more complexity and risk than in other sectors and requires a great deal of accuracy in order to keep sensitive information secure and costs down. This white paper serves as a guide on the drivers for implementing AP automation and the value it adds to the hospital supply chain, ensuring tangible results including 86% increase in productivity.

Read more

The CFO Guide to Finance Centralization & Automation

This white paper outlines how to achieve standardization and reduce labor costs by up to 80% while overcoming the most common challenges of internally centralizing finance.

Read more

Procure-to-Pay Automation for Oracle ERP

Procure-to-pay automation systems enable organizations to save over $11 on every invoice that they process. This white paper focuses on the drive for implementing a third-party P2P solution and integrating it with Oracle. Download now to find out more.

Read more
Next Webinar

How to Streamline Your AP Processes with Automation

Date: Wednesday, June 21st, 2023
Time: 12:00am

In this webinar Brian Bertges and Jason Hery discuss manual challenges faced by AP teams and how SoftCoAP can rapidly solve these.

Register

Latest Blog

DevOps: Superior Software Delivery

Balancing the need for customer requests and upgrades with the demands of software development and deployment…

Read more Subscribe to News