Home
Reach us at: sales@myscon.com
Home »
Procure To Pay Process
..................................................................................................................................................................................................................
The procure-to-pay systems enable the integration of purchasing department with account payables department and MyScon specializes in linking the procurement process with the ERP Solutions. Common process steps in which our team is having extensive expertise is given below:
Procure-to-pay systems are designed to provide organizations with control and visibility over the entire life-cycle of a transaction from the way an item is ordered to the way that the final invoice is processed, thus providing full insight into cash-flow and financial commitments. Most of the companies using these systems look for a centralization of their procurement department, or to set up a shared services organization for the same purpose
When cash dries up, business stop dead in their tracks. MyScon have special expertise in Purchase to Pay solutions which are designed to provide control and visibility over the entire transaction lifecycle, from how an item is ordered to the way the final invoice is processed, providing full insight into cash flow and financial commitments.
The result is not only reduced processing times and cost savings, but improved cash flow forecasting and capital management. Because, ultimately, your business can only make strategic financial decisions once it has a single, unified view of the whole purchase-to-pay cycle.
We believe purchase-to-pay excellence is in reach of every major organization. And the good news is that simple measures can deliver substantial gains almost immediately. We see the journey as having four well-defined phases:
