Procure-to-Pay

Simplify All the Complexities of Procure-to-Pay

Schema - Procure-to-Pay

Requisition | Approval | Order Creation | Receiving | Order Approval & Dispatch | Invoice Processing | Approval | Payments

Automate the Procure-to-Pay Process


Procure-to-Pay (P2P) inefficiencies stem from the numerous exceptions that must be managed – maverick spend, offline change orders, unplanned freelancers, non-PO invoices, urgent payments and more. 

These exceptions drive up process costs and erode procurement value. They are also a missed opportunity to adequately address business needs and establish successful supplier relationships.

Procure-to-Pay Designed to Adapt

Don’t let rigid solutions hinder your path to P2P maturity. Establish global and local standards that suit your business and evolve them as needed to ensure adoption.

The Only Solution that Equally Satisfies Procurement, Suppliers & the Business

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Efficiency - White

Create Purchasing
Efficiency

  • Keep transforming your P2P processes with business needs at no extra cost
  • Empower users to free time & resources
  • Support continuous improvement & lean processes
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Secure Supplier
Relationships

  • Increase supplier satisfaction with frictionless transactions
  • Spend time on relationship management rather than inquiry resolution
  • Collaborate digitally on catalog, order, and invoice management
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Incorporate Varying
Business Requirements

  • Reconcile one standard process with exceptions or local regulations
  • Embed any new item in your purchasing policy with a few clicks
  • Track the carbon footprint of your supply chain

Capturing Value With Complete P2P Solutions

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Ivalua’s suite was one of the best things that we’ve done. It helps make things more efficient and brings in so much transparency and value to the user. On an overall basis, over the last 4 years, we’ve seen average savings of about 19 percent. Quote - Right - White

Logo - Piramal - Full - White

Samit Datta

Head of Global Supply Chain & IT

Piramal Glass

Case Study - Piramal

The Benefits of Procure-to-Pay Automation


With an integrated and collaborative P2P solution, Procurement and Accounts Payable teams can:

  • Digitize the P2P Process for all categories of goods and services
  • Offer a modern, intuitive ecommerce experience to users
  • Increase contract compliance & reduce maverick spending
  • Improve Procure-to-Pay cycle times 
  • Increase touchless invoice processing rates and reduce exceptions
  • Optimize inventory replenishment orders

Begin Your P2P Automation Journey


Digitization of the Procure-to-Pay process has moved from a “nice to have” to a “must have”. Efficiency and effectiveness in your P2P process is essential to capturing the value that is created in your negotiated contracts. With Ivalua’s jumpstart packages, digitize your P2P process in just a few weeks. Equipped with built-in configurations and the flexibility to adapt, implement continuous improvements for an efficient, intuitive P2P experience. 

A Unified Platform for All Spend


PLATFORM


Analytics

Workflow

Integration

AI

Collaboration

Design Mode

Additional Modules

Screenshot – Ivalua eProcurement
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eProcurement

A purchasing solution set for transforming businesses:

  • Maximize contract compliance and adoption
  • Optimize buying channels for all spend
  • Track the carbon footprint of your purchases
Icon 66 - Sourcing - Digitize and Centralize Contracts for Visibility

Invoicing

Turn Accounts Payable into a Strategic Business Partners

  • Receive PDF Invoices by email without onboarding
  • Go touchless with portal supplier pre-matching 
  • Automate with smart 4-way matching & one-click approvals
Screenshot – Invoicing
Screenshot – Payments
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Payments

Streamline International & Domestic Supplier Payments

  • Manage your cash with next-day payments
  • Pay suppliers regardless their currency
  • Cut inquires with instant Payment status
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Inventory Collaboration

Share Stock Visibility, Gain Purchasing Efficiency

  • Optimize purchase quantities with quicker access to stock data
  • Automate replenishment orders via proactive alerts
  • Direct your purchases to targeted storage locations
Screenshot - Vendor Managed Inventory

Related Resources

Maxim Customer Story

Accelerated Supplier Enablement and Invoice Automation

P2P Leader

Ivalua Recognized as a Leader In the Gartner Magic Quadrant for Procure-to-Pay Suites 2022

Purchase-to-Pay Performance Study

Results from The Hackett Group’s Annual Benchmark Study