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Procure-to-Pay: Intelligent processes and 100% compliance in purchasing

Two smart approaches for the procurement of production and non-production materials: Central Procurement Hub plus Smart Procurement. Corporate compliance included.

 

An invincible team

Both toolsets, “Smart Procurement” and “Central Procurement Hub”, are the central modules of a comprehensive, integrated procurement suite that can be used to establish standardized processes throughout the organization in an efficient and transparent manner. As a result, all corporate compliance requirements are fulfilled with regard to both legislation as well as internal specifications and guidelines.

The procurement process is seamlessly followed by the integrated invoicing process via SupplyOn. This allows automated processing and booking of invoices. Both sides, customers and suppliers, have full transparency over the processing status of all transactions.

Benefits

100% compliance in global purchasing through audit-proof, documented processes

Up to 40% cost savings through smart processes based on AI

Degree of automation in purchasing processes of up to 80% achievable

One central tool for all procurement processes: in both direct and indirect procurement

 

Central Procurement Hub

The Central Procurement Hub bundles all purchasing functions within the organization in one place. This means that all procure-to-pay processes throughout the company can be mapped in a central tool: from free-text requests and tactical tenders to the monitoring and smart analysis of all purchasing processes.

The Central Procurement Hub can be easily integrated even in heterogeneous system landscapes consisting of different SAP ERP, S4/HANA and non-SAP systems. It consolidates them in one central location. There is no limit to the number of systems that can be integrated.

 

Smart Procurement

Smart Procurement provides access to an intuitive purchasing tool that maps the predefined procure-to-pay process for all demand drivers in the organization. With Smart Procurement, everyone in the company (even people from non-purchasing departments) can independently procure goods and services, taking into account the company’s purchasing and compliance rules.

The purchasers have access to catalogs and procurement platforms approved by the purchasing department. They can bundle their demands in a shopping cart and then place orders. For individual demands, the user is automatically guided to the right purchasing channel. If necessary, the purchase order request is transferred to the purchaser. The user receives a full overview of the current status until delivery.

Smart, integrated functionalities at a glance:

  • Catalog Management
  • Channel Management
  • Smart Self-RfQ
  • Free-text requisitions
  • Shopping Cart
  • Tactical Sourcing
  • Approval Workflow
  • Purchase Order Collaboration
  • Invoicing
  • Payment status and invoice collaboration
  • Purchasing Analytics
  • Master Data Management

 

Do you want to make your purchasing smart and ensure 100% compliance?

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