Procure-to-Pay Software Solutions (P2P)
Automating Procure-to-Pay processes can result in significant savings, all of which can be attributed to your bottom line. With so many manual touch points in the procurement process, from requisitioning to order fulfillment, invoicing, payment reconciliation through to compliance reporting, the possibilities for fraud and error are almost overwhelming.
Trintech’s ReconNET reconciliation software can help you automate critical manual touch points and increase productivity, accuracy and profitability. It does this by extracting critical invoice and payment data from your existing General Ledger, ERP or CRM systems while also accepting transaction data from banks, vendors, shipping and other outside sources.
- Identify and eliminate unnecessary buying to reduce high procurement costs
- Automate manual workflow, research and matching efforts to reduce unnecessary overhead
- Reconcile complex and multiple supplier statements to payments and good received
Many ERP systems are incapable of automating the kind of advanced reconciliations in the Procure-to-Pay process. Extending your existing ERP or CRM solution with Trintech’s advanced, automated and highly configurable reconciliation software will streamline financial settlement, reduce cycle times and provide immediate and real benefits:
- Increase visibility into your payments
- Shorten cycle times and capitalize on early payment discounts
- Reduce the risk to your supply chain
- Simplify and automate invoice to payment reconciliations
- Reduce the overhead required for paper processing
- Decrease error rates
- Identify and reduce “rogue buying”
» Learn more about where our solutions add value in Procure-to-Pay Processing
Learn More How Trintech Solutions Streamline F&A Outsourcing:
- Learn more about how our solutions streamline the Order-to-Cash Process
- Learn more about how our solutions streamline the Record-to-Report Process
