TECHNOLOGY
The following are among the most popular purchase-to-pay ( P2P ) software solutions .
Workday Workday is a cloud-based software vendor that specialises in human capital management and financial management applications . The procurement management element of its solution allows businesses to automate and control indirect spend . Employees can create purchase requisitions , generate purchase orders , receive goods , process supplier invoices and analyse spend , all in a single system .
SAP Ariba For many , buying and Invoicing is the main reason they use P2P solutions . SAP ’ s platform centralises sourcing for indirect goods and services , and automates the purchasing lifecycle , from requisitions and purchase orders ( POs ) to receiving goods and payment . SAP has designed the UI to be “ as comfortable as online personal shopping ,” with dashboard settings to suit every need .
Oracle Oracle Fusion Cloud is a comprehensive enterprise resource planning ( ERP ) solution , of which P2P is just one part . The P2P module streamlines purchasing by automating POs from approved requisitions and improves revision management with a complete change history . Another feature is invoicematching automation , designed to accelerate payment processing .
Jaggaer Jaggaer ’ s one-stop P2P solution gives professionals full control over their process , easing admin tasks through automation , as well as aligning procurement and accounts payable teams with suppliers . The platform is ‘ smart ’, using AI to provide valuable and actionable insights to procurement professionals .
PRM360 One of Acads360 India ’ s solutions , PRM360 is a cloud-based platform for streamlining and automating the P2P process . The company says the platform is not designed to conduct procurement differently but to “ make it more convenient .” As such , PRM360 ’ s openplatform architecture means it integrates seamlessly with ERPs and other thirdparty apps . supplychaindigital . com 113