Solutions

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

See how procure to pay software increases efficiency.

Businesses still relying on manual, paper-based transactions for the purchase-to-pay process are struggling under the weight of inefficiency, suffer from limited collaboration, and lack visibility into their supply chain processes.

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.

Read the overview

  • 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.

  • Drive continuous improvement

    Alleviate risks created by poor supplier performance and enact improvements using scorecards to track key performance indicators.

  • Enhance logistics processes

    Manage complex transportation scenarios with buyer and supplier visibility into electronic forecasts and carrier shipping updates.

  • 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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

See more success stories
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Global CPG company transforms B2B operations and customer service with OpenText Business Network

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Michelin achieves flexibility and scalability to support their global operation

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Frequently asked questions

Procure to pay solutions comprise a network of integrated software and hardware designed to manage, analyze and automate the buying process, resulting in a more efficient supply chain.

Procure to pay, P2P or purchase to pay, refers to an organization’s end-to-end buying or acquisition process, from procurement of goods through to final vendor payment. 

Using Procure to pay software helps streamline the procurement process, using P2P automation to minimize manual tasks, increase efficiency, reduce costs and mitigate risks.

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.

Purchase to Pay resources

5 tech trends shaping P2P

Read the position paper

OpenText Active Orders

Read the overview

Conquering the Procure-to-Pay (P2P) process

Read the blog

Future-proofing your supply chain

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An open letter to anyone switching their supply chain integration services

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How can we help?

Footnotes

Footnotes

  1. [1] PWC Digital Procurement Survey, 3rd edition, 2021