The Business Need for Procure to Pay Solution

What happens when your organization uses first-generation Procure-to-Pay (P2P) solution?

  • You may be discouraged by the complicated requisition approval processes imposed by the software, and so find a way to purchase outside the P2P system, essentially making a “maverick purchase”
  • Your business users may struggle with tools that are difficult to use and offer limited product choices
  • You may find it difficult to locate and order the product or services needed
  • The P2P implementation may suffer from low adoption and compliance

With our robust modules eProcurement and eInvoicing, our procure-to-pay solution will not impose any such troubles on your users but help your organization make better and faster purchases.

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How We Help You

Zycus’ next-generation Procure-to-Pay solutions specifically address the
first-generation P2P adoption challenges.

 

We have introduced “Guided Buying” - a Procure-to-Pay innovation that closes the compliance blind spot for off-catalog requisitions, which account for 30% or more of all requisitions in a typical Procure-to-Pay deployment and as much as 50% or more of total spending - enabling both higher levels of buying and process compliance.

 

It acts as a GPS for P2P - a “Guided Procurement System”, guiding users while they make business purchases.
Furthermore, our solution makes P2P adoption easier by:

  • Providing ease-of-use through “Amazon-like” shopping and “Google-type” search functionality
  • Steering users to right category or suppliers with compliant “Guided” buying
  • Providing total spend coverage of catalog and non-catalog goods and services purchased
  • Automating full P2P Process with requisition-to-PO /PO-to-invoice for “touchless” and “paperless” transactions
  • Automatically classifying purchases for line-item spend visibility

To have a look at our product, view demo

Procure-to-Pay Software Features

Our downstream modules help you build a seamless procure-to-pay process through features as mentioned below:

eProcurement

  • Guided buying process to simplify user experience and configurable workflow approvals for better control and visibility
  • Rules- based, “touch-less” PO generation and electronic delivery via standard EDI/cXML protocols, supplier portal or E-Mail
  • End-to-end catalog life-cycle management for hosted or punch-out catalogs
  • Self-service supplier portal interface to publish and maintain catalog content
  • Facility to bookmark favorites, create shopping lists and share them with other users

 

eInvoicing

  • Automated 3-or 2-ways matching of invoice
  • Receipt of report and PO based on configurable business rules and tolerances, with workflow approval routing for exceptions or mismatches
  • Ability to confirm POs and flip to e-invoice and track invoice approval and payment status through supplier portal

To read more about the tool features, download brochure

Customer Success Stories

Find out how we have helped our customers achieve their business objectives and improve procurement performance metrics.

“So we went out and started looking at all the providers in the space and we selected Zycus for some of the key points being ease of use, partnership and Zycus being the leader in Gartner Magic Quadrant.”- The Mentor Network

 

Browse through the customer case studies:

A Fortune 500 Energy Company adds Zycus' Supplier Performance Management solution

A Fortune 500 Energy Company adds Zycus' Supplier Performance Management solution

Read the case study to understand how Zycus' Supplier Management Solution helped a Fortune 500 Energy C...

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Leading American Biotechnology Company employs Zycus Suite of Solutions

Leading American Biotechnology Company employs Zycus Suite of Solutions

With a transactional role of global sourcing and a 20% - 50% span of control, meeting key business need...

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The Processor Driving Procurement Performance at Advanced Micro Devices (AMD)

The Processor Driving Procurement Performance at Advanced Micro Devices (AMD)

Faced with major changes in the traditional computing markets, 2012 proved to be a challenging year for...

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Resources

“Today knowledge has power. It controls access to opportunity and advancement” – Peter Drucker

We believe in creating value also through procurement knowledge sharing. From research reports to whitepapers to webinars, we invite you to visit our knowledge hub to read about and listen to a wide range of trending procurement topics.

 

The Important Role Of Procure-To-Pay Technology In Your Move To Strategic Sourcing

The Important Role Of Procure-To-Pay Technology In Your Move To Strategic Sourcing

The Important Role Of Procure-To-Pay Technology In Your Move To Strategic Sourcing

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Touchless Long Tail Spend - The New Benchmark for World Class P2P Process Efficiency

Touchless Long Tail Spend - The New Benchmark for World Class P2P Process Efficiency

Touchless Long Tail Spend - The New Benchmark for World Class P2P Process Efficiency

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