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Digitise and streamline your Purchase-2-Pay process

Many employees raise instructions to suppliers to deliver goods and services, but often use a variety of different methods including verbal, email and paper forms. Although valid, these do not provide a digital record in your systems to help you forecast future cash requirements. Coupled with authorisation processes, it is possible to minimise rogue spend and ensure that you are only spending money on supplies that are critical to the organisational objectives and perhaps, check that they remain within the limits set by your delegated budgets.

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Finally, recognising that detailed knowledge of spend, beyond the narrow scope imposed by the financial chart of accounts, can help you negotiate better prices and terms with your suppliers. After all, your FMS won’t typically tell you how much you are spending on say, specific grades of paper, and with which suppliers. Whereas, a P2P solution will know precisely the prices you are paying line by line from the order and/or invoice, which data you can then use to negotiate better prices or alternative brands from existing or potential new suppliers.

Watch this short introductory video to learn about why we think iPOS eProcurement is the solution you should use if Infor SunSystems is your FMS.

As part of a P2P solution, our partner Document Management Solution (DMS) provider furnishes our customers with Accounts Payable (AP) automation including the digitisation of supplier invoices to use capture technology to automatically read, interpret, verify and validate invoices before posting them to your ledger automatically.

If you are considering the ERP route for your business administration system then this video outlining how Oracle NetSuite delivers purchasing management within the ERP footprint will be of interest.

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