Essentially, Purchase to Pay is a system that connects, integrate and automates the purchasing process for a company – turning what would be silo efforts into a seamless one. In return, it provides procurement better visibility and management of vendors and deliveries.
The three-way match methodology practised by the Accounts Payable, whilst secure, takes times and requires meticulous double-checking of data. To speed up the process manually would increase the risk of errors being made. An automated procure-to-pay process can help a company scale by providing accurate reports faster than ever.
FireStart’s P2P solution is agile – with capabilities to meet your company’s unique P2P needs while ensuring full automation, from routing approvals and issuing POs to facilitating the three-way match process. Empowered by the support of ERP and SAP systems, processing EDI documents and various existing Finance modules becomes a breeze.
FireStart’s Purchase to Pay automation tool not only provides a priceless overview of your entire P2P process but also diminishes errors by removing the need to manually key in invoice data while storing all data in an easy-to-retrieve central hub. All digital, no perishable paper. The speed of automation also enables companies to accelerate payments, make better cash flow predictions and spend analytics. To top it off, with improved communication flow and faster feedback – you’re able to forge stronger relationships with business partners and suppliers.