Analytics-Driven Vendor Management & Payment Processing
Improve the efficiency of the Supplier Management process with smarter analytics to identify and fix process bottlenecks. This P2P dashboard provides comprehensive views of Vendor Management, Invoice Processing, and Payments, with drill-down capabilities to view transaction-level granularity.
Target Audience
- Top Management
- Procurement teams
- Finance teams
Insights
For Procurement:
- Gain insight into active relationships with vendors and manage the process from a single location (Vendor Activation / Modification /Block)
- Track invoices and identify root causes of delay in processing time
- Track pending and historical transactions for individual vendors or entire business groups
For Finance:
- Monitor payments in the pipeline and to include into accounting for the cash flow planning process
- Track overdue and urgent payments to gain tighter control of the entire process and expedite payments
Metrics
- Payment Amount
- Number of Invoices In-Process
- Vendor Count and Classification
- Overdue Payments
Sample Screen: Procure to Pay Summary
