Procure to pay automation - Top priority for large enterprises ANI | Updated: Mar 15, 2021 13:32 IST
Bangalore (Karnataka) [India], March 15 (ANI/NewsVoir): The procurement function has gone beyond cost savings, to now being as a key lever for competitive advantage and to build resilience within enterprises.
The pandemic has given enterprises significant learnings and opened them to a world of opportunities to optimize inventory, deeply engage with suppliers, reduce costs, and manage risks via transparent and automated processes.
Digital is fueling significant transformation in this process eliminating paper, accelerating cycle time to the process, and enabling faster decisions. Good supplier collaboration platforms enable superior supplier engagement, significantly improving visibility between enterprises and their suppliers and facilitating faster turnaround time. With invoice automation, enterprises can get early visibility to liabilities