Invenio's P2P solution dramatically reduces the cost of purchasing by at least 50%. We do this by empowering your suppliers to manage their relationship with you - quotations, proposals, work orders & invoices. You spend less time administrating - and more time focusing on generating revenue.
Manage your Procurement and Supplier relations with P2P
Handling suppliers and ensuring invoices are paid can be a drain on your resources. Many of the businesses we work with have complex networks of freelancers, agencies and global suppliers, providing vital services that keep their businesses running. Our Procure to Pay solution, built on SAP, becomes an integral part of the SAP corporate system. It makes financial management easier and business analysis more meaningful, with integration time kept to a minimum.
Highlights of the Invenio P2P Solution include:
Proactive management
Suppliers manage their relationship with you proactively
Quotes and invoice
Ability for suppliers to raise quote and invoices directly
Reduced burden
Spend less time administrating the supplier relationship
Seamless matching
Automatically match raw materials and services against original purchase orders
Enforce compliance
Automatically ensure your group purchasing strategies are adhered to
Audit trail
Detailed visibility of all user-related activity, at every step of the purchase
Sophisticated workflows
Accommodate prescriptive policies with custom workflows
More accurate information
Reduce the need for other third party solutions and have all your procurement data in one place in SAP
Automated efficiencies
Save money through early payment discounts and avoid late payment penalties
Reduce expenditure
Streamlined processes save on office consumables and hardware maintenance
Scale back
Reduce internal processes by up to 90%, including data entry, order matching, manual approval and more
Cross-checking
Processes do the cross-checking for you, ensuring that reconciliation is easy
Multi-currency
International companies can handle all currencies in one interface
Multi-language
Allow suppliers abroad to log in to their own localised language version of the P2P Portal
No limits
Manage as many suppliers and purchasers as you need, with no limits on numbers
Fully GAAP (Generally accepted accounting principles) compliant
GAAP compliant for all North American, Western European countries and Japan
Real-time
Real-time reporting means better visibility from procurement to payment
Transparency
Get a clear, transparent overview of your approval processes with an audit trail
Analysis
Deep dive into your data to find payment patterns and efficiencies
Forecasting
Make more informed financial forecasts with greater certainty
Ready to get started?