Service procurement from niche vendors and large numbers of contractors present some unique challenges for the media industry’s procurement process.
The P2P solution securely controls all purchasing related activities so board executives can manage budgets, project owners can easily allocate funding, purchasers can transact quickly with suppliers and the finance team can ensure the entire payment process runs smoothly, securely and on schedule.
Invenio’s P2P solution uses SAP as its underlying technology so the solution becomes an integral part of the SAP corporate system – making financial management easier and business analysis more meaningful with no integration time necessary.
Working with Invenio for your procurement solution creates the following business benefits:
- As more of the procurement process is completed by suppliers, admin time is substantially reduced
- Real-time reporting enables clearer visibility throughout the process from procurement to payment
- A supplier-centric model reduces hidden costs such as data entry, training and management
- Transparent approval processes
- User friendly portal for PC, tablet or mobile
- No integration time required
- Multi-currency and multi-language capabilities