The PayMate Purchase to Pay solution would provide the business complete control of the vendor payment process from raising a purchase order to making a payment. The Purchase to Pay solution will enable the integration of the business’s Purchasing department with the Accounts Payable. The solution is designed to provide organizations with control and visibility over the entire life-cycle of a transaction – from the request of an item to final invoice payment to the vendor – providing full insight into cash-flow and financial commitments.
The solution will provide the following features as a part of the Purchase to Pay solution
Business adding a vendor.
Generating a Purchase Order
Vendor to accept the Purchase Order
Vendor delivers goods and generates an Invoice
Business validates and approves the Invoice against the Purchase Order
Business initiates payment to the vendor
Next: Purchase to Pay Flow