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Purchase to Pay
Adaptris purchase-to-pay solutions automate and integrate the full purchase-to-payment process, connecting procurement and invoicing operations.
Key benefits are increased financial and procurement visibility, efficiency, cost savings and control. Automation allows for reduced processing times and straight-through processing where the incoming invoices are handled without any manual intervention.
Adaptris purchase-to-pay solutions provide organizations with control and visibility over the entire lifecycle of a transaction – from the way an item is ordered to the way that the final invoice is processed – providing full insight into cashflow and financial commitments and is now deemed an important tool for proper implementation of Resource Accounting and Budgeting, not least by UK Government Departments such as HM Treasury. Financial commitments are understood at the point they are committed to rather than when invoiced.
As a result, efficiency and cost saving benefits can be substantial.