Procurement Perfected: Optimizing Procure-to-Pay Workflows
Company Overview:
A well-known construction company has been serving the construction industry for over four decades, which is involved in planning, designing, constructing, and sometimes maintaining buildings and infrastructure projects. Its primary markets encompass a diverse range of industries, including hospitality, retail, industrial and distribution, historic preservation, education, multi-family, and commercial sectors, reflecting its versatile and adaptable approach to serving various customer needs. From towering skyscrapers to intricate heritage restorations, the company's portfolio showcases a diverse array of successful endeavors, each underscored by a commitment to quality craftsmanship and meticulous attention to detail.
The procure-to-pay process involves several steps, from identifying the need for goods or services to processing payment to vendors. The process begins when a department within the organization identifies a need for goods or services. The department submits a purchase requisition form to the procurement department detailing the items needed. The procurement department reviews the purchase requisition and compares company policies and budget. Finding the right vendor who can meet the need. Then request send for the Quote. Then compare among the vendors. Require significant administrative effort, Manual processes make it difficult to gather, analyze, and report. Manual processes may lead to difficulties in managing vendor relationships, resolving disputes, and negotiating favorable terms.
Challenge:
We Automatrix Innovation Pvt Ltd, implementing RPA, providing solutions for difficulties in Procurement to Pay. As RPA bots can automatically match invoices with purchase orders and goods receipts, it improves accuracy. RPA bots can initiate payments to vendors based on approved invoices and payment terms, so visibility is maintained. It can extract data from purchase orders, invoices etc and put it into the systems without manual intervention.
Solution:
Benefit:
Empowering organizations through streamlined operations for enhanced efficiency and productivity.
Enhances organizational workflow, optimizing efficiency and productivity, facilitating improved effectiveness.
Safely manages vendor information, ensuring security and confidentiality, providing secure handling of sensitive data.
Bots seamlessly integrate with existing ERP systems, facilitating smooth data flow across departments and systems.
35%
Customer Satisfaction
20%
Customer Satisfaction
100%
Customer Satisfaction
50
Customer Satisfaction
How RPA Saving Time and Dimes?
How RPA Saving Time and Dimes?
