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Procure-to-Pay (P2P) - automate the procure to pay cycle
P2P is a module from TAKE Supply Chain’s OneSCM platform. It helps businesses effectively automate and achieve strategic benefits from their procure-to-pay cycles, including the management of all interaction with suppliers and freight-forwarders.
P2P provides the following business benefits:
- Introducing electronic communication with suppliers eliminates manual processing of RFQs and POs, manual follow-ups, emailing to multiple recipients and re-entry of responses from suppliers into the back-end system
- Providing the value-added functionality buyers need to scale their operations to handle more with less as well as to ensure compliance with policies
- Incorporating the most advanced best practices in procurement, planning and materials management
Key Capabilities for the Buyer:
P2P provides the value-added functionality buyers need to scale their operations to handle more with less as well as to ensure compliance with your policies. It incorporates the most advanced best practices in procurement, planning and materials management.
Key capabilities include:
- Strategic/long term agreements
- Integration between divisions
- Auto follow-up/reminders to suppliers
- Auto-expedite
- Supplier managed inventory and replenishment/Kanban
- “PO-Less” procurement
- Automated attachments and flow-down notes to suppliers
- 100% supplier integration
- Data normalization
- Consolidation, allocation, data translation
- Vendor managed procurement
- Accounts Payable Automation
- Compliance labeling
- Cross-location stock visibility (XSV)