Procure to Pay
Optimize your company’s purchase-to-pay process with Rillion. Enjoy flexible approval flows, precise invoice matching, and proactive bottleneck detection.
Achieve a comprehensive view of costs and suppliers, all seamlessly integrated with major business and purchasing systems.
Procure to Pay software
Rillion Prime’s Cloud solution contains all the product features needed to automate the entire process for purchase to pay/procure to pay.
With our cloud service, you receive a cost-effective, secure, and scalable solution without the need to invest in hardware. Operation, maintenance, and upgrades are included and are carried out by Rillion’s technical specialists.
Our purchase-to-pay cloud solution includes all the functionality required to automate the entire process, and you only pay for the modules you use. Automate invoice management first, and then link in purchases, agreements, and expenses.
While every business and industry is different, the purchase to pay KPIs (Key Performance Indicators) for reviewing the process largely remain the same.
When you’ve invested in purchase to pay software, you can observe the following indicators closely to better understand how your purchase to pay solutions are performing:
Engineered from the ground up with accounts payable in mind, our procure to pay software gives your staff automated invoice data capture, flexible approval workflows, automated invoice processing, automated PO matching, and much more.
Purchase to pay automation benefits everyone in the organization. Finance administrators eliminate manual data entry, because invoice data capture extracts all the relevant fields from both paper and emailed invoices.
Approval workflow sends vendor invoices to the proper approver, as per your business rules. Managers and supervisors can approve invoices 24/7 on desktop, tablet, or smartphone, including one-click approvals in email.
The AP department conserves resources with automated PO matching that matches the PO, invoice and goods receipt within minutes of the invoice being received. Exceptions are workflowed to the person responsible complete with all the information they need to clear the exception.
Make it easier for both managers and employees to manage purchases, invoices, and expenses.
With automated purchase-to-pay software, it’s easier to purchase the right product from the right supplier and for the right price.
Maximize the automation of your invoice management by allowing Rillion’s purchase-to-pay software to match invoices with purchase orders or contracts.
With control over the procure to pay process you can better predict and control costs, facilitating a more precise and efficient budgeting process.
Purchase to Pay Solutions – Trusted By Banks
Rillion is trusted by banks and financial institutions in the US and Europe. Accreditations in the US include SOC1, SOC2, HIPAA, GDPR, and PEPPOL.
Rillion’s purchase to pay solution is a highly configurable, modules-based solution available on-premise or in the cloud.
Read more about our procure to pay software.
We’re committed to solving your problems and making your job easier with our purchase to pay solution.
As always, we’re with you every step of the way.
What is Purchase to Pay?
Purchase to pay, also called Procure to Pay or abbreviated as “P2P”, refers to the complete process of ordering to paying for a product or service. The Purchase to Pay or Procure to Pay process includes the following segments:
What’s the difference between Procure to pay & Purchase to pay?
Purchase to pay is often used interchangeably with the term procure-to-pay, while they are similar, the term procure-to-pay usually refers to the procurement process. Purchase to pay is a term sometimes used for indirect purchasing, such as cleaning services and office supplies, as managed by the finance administrators.
What is the Purchase to Payment process?
The Purchase to Payment process is the process of using a purchase requisition to generate a purchase order, and then paying the PO matched invoice once the goods or services are received.
What are the stages in P2P?
The first step is creating a purchase requisition, the next step is the generated purchase order, and then matching the invoice to the purchase order once the goods and services are delivered. The final step would be payment.
Scalable solution
Electronic invoice management and purchase-to-pay for larger organizations with high demands on automation.
Find out for yourself how we can make your job easier!
Schedule a free consultation so that we can understand your needs and provide you with the best solution.
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