Achieve faster cycle times by streamlining vendor selection, management, and interactions

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 Procure-to-Pay Process Automation Software - Procure-to-Pay

Procure-to-Pay Process Automation Software

The procure-to-pay process (P2P) is extremely complex—spanning multiple systems and operations. The process involves huge cash flows and is often prone to money leakages, inefficiencies, and fraud.

Our P2P automation software helps to mitigate these challenges by streamlining the end-to-end process, from purchase request and vendor selection to final invoice generation and disbursement of payments. The software provides a unified user interface, allowing organizations to integrate with different ERPs, to gain visibility into the complete transaction lifecycle and to reduce the risk of fraud and inefficiency.

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RFP Comparison and Evaluation

  • Grouping of purchase requisitions based on the defined parameters
  • Automated comparing of multiple quotes to identify the right vendor

Self-service Vendor Portal

  • Provisions for vendor onboarding, invoice submission, tracking status, flipping purchase orders, and raising queries
  • Increased visibility and control for vendors

Omnichannel Processing

  • Invoice capture through various channels, like email, EDI, mobile, scanned documents, FTP, and portal
  • Multi-level approval based on the delegation-of-authority matrix, with various options to approve/reject a transaction via email, mobile application, or company portal

Holistic View of Underlying Workflows

  • 360-degree view of transactions, with insights including pending advances, manual coding suggestions, duplicate rate, and vendor straight-through processing rate
  • Identification and removal of process bottlenecks

Intelligent Document Management

  • Maintenance and segregation of various documents in a defined structure
  • Extraction of header and line-level information from semi-structured documents and result comparisons to ensure data accuracy

Unified Systems and Processes

  • Integration with ERPs, third-party, and legacy applications for seamless push and pull operations
  • Unified systems and processes for shorter turnaround times and better resource utilization

Solutions for Finance and Accounting

Achieve faster cycle times by streamlining vendor...

Streamline your order fulfillment process for a...

Capture, process, and report financial information for...

Maintain a 360-degree view of fixed assets with automated...

Streamline your master data management processes for...

Success Stories

Streamlined contract management - Procure-to-Pay
Streamlined contract management
The US-based multinational corporation had a manual process of creating and managing contracts and no centralized...
Decreased process cycle times by 50% - Procure-to-Pay
Decreased process cycle times by 50%
The client, a privately-held Dubai-based conglomerate, leveraged Newgen’s robotic process management suite to automate...
Improved processing efficiency by 60% - Procure-to-Pay
Improved processing efficiency by 60%
A global alcoholic beverage manufacturer streamlines their accounts payable and receivable processes to reduce...

Learn More

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