Procure to Pay Solutions
Optimize procure-to-pay processes and gain end-to-end visibility into supply chains
79%
of purchasing departments have experienced positive impact on their organization and performance from deploying digital procure to pay solutions[1]
Overview
A procure to pay platform helps increase automation, reduce costs and minimize potential supply chain disruptions.
Key benefits
Establish and maintain end-to-end supply chain transaction visibility with procure to pay systems and services.
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Optimize supply chain performance
Manage by exception with a 360-degree view of supply chain activities and supplier performance within a single procure to pay platform.
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Drive continuous improvement
Alleviate risks created by poor supplier performance and enact improvements using scorecards to track key performance indicators.
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Enhance logistics processes
Manage complex transportation scenarios with buyer and supplier visibility into electronic forecasts and carrier shipping updates.
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Extend visibility for business users
Get alerts on new orders and order status changes, access dashboards, locate transactions and take action to manage exceptions whether at a desk or while mobile.
Business impacts
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Order management
Maintaining healthy inventory involves multiple departments and complex workflows. Manual processes waste time and increase the risk of missed orders, delayed shipments and late payments. Automate and simplify processes with procure to pay software.
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Information exchange
Businesses need to exchange orders, transportation data, and invoices with their suppliers. Managing physical documents is error-prone and leads to order, delivery and payment issues. Improve data quality and reduce errors with digital exchanges.
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Supply chain visibility
Supply chain efficiency requires everyone to be on the same page. Manual data entry is slow with opportunities for errors, leading to miscommunication and unnecessary delays. Leverage digital procure to pay solutions for real time insights.
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Supply chain insights
When disruptions occur, or discrepancies with invoices, deliveries and orders arise, all parties must work together on a resolution. Poor collaboration makes it hard to spot issues and determine the root cause. Gain actionable intelligence with end-to-end visibility.
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Real time ordering and fulfillment
To stay competitive, organizations need to quickly respond to market shifts. Legacy procure to pay systems and paper-based processes delay modifications, impacting sales. Enable real-time ordering and fulfillment with mobile order management apps.
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Shipment tracking
Product may be lost or delayed in shipment due to traffic, rough handling or environmental conditions. Without monitoring product at each step, it is hard to get ahead of issues. Leverage procure to pay software with IoT track and trace capabilities.
Leaders trust OpenText
See how customers are succeeding with Procure to Pay solutions
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Global CPG company transforms B2B operations and customer service with OpenText Business Network
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Frequently asked questions
Explore the components of the solution
Products
OpenText offers a broad set of capabilities in procure to pay software, systems and services:
Professional Services
OpenText combines end-to-end solution implementation with comprehensive technology services to help improve systems.
- Accelerate your Information Management journeyConsulting services
- Comprehensive Information Management services and resourcesExplore professional services
- Reduce time-to-value of Information Management solutionsPackaged Services
Purchase to Pay resources
5 tech trends shaping P2P
Read the position paperOpenText Active Orders
Read the overviewConquering the Procure-to-Pay (P2P) process
Read the blogFuture-proofing your supply chain
Read the blogAn open letter to anyone switching their supply chain integration services
Read the blogHow can we help?
Footnotes
Footnotes
- [1] PWC Digital Procurement Survey, 3rd edition, 2021