SAP ERP Procure-to-Pay is software that helps you to maximize cost savings across procurement, manage your purchase orders more efficiently and find new ways to realize your full purchasing. SAP ERP is a suite of enterprise resource planning (ERP) solutions including supply chain management, product lifecycle management, human capital management, financial management, and customer relationship management (CRM).
Procure to Pay in SAP ERP helps you to gain an edge, you need to accelerate and automate your procurement processes, proactively ensure compliance, and find new ways to cut costs. The key capabilities of Procure to Pay in SAP ERP is that it helps to streamline sourcing and contract management on a platform that can keep up with change and adapt to your needs, identify opportunities for savings and efficiently manage the contract lifecycle, tightly integrate sourcing and contract management processes and develop a standardized contract-authoring process that meets your company’s needs.
SAP ERP streamlines your spend analysis, source-to-contract, and procure-to-pay processes. SAP also helps you to gain 360 degree visibility into supplier relationships, performance, and risks. SAP ERP also helps to integrate your procurement process with resource planning – to optimize inventory levels and minimize unused space. SAP ERP speeds up the procurement process with intuitive user interfaces.
SAP ERP helps to improve catalog management and simplify the purchase of goods and services. It also increases transparency across end-to-end outbound logistics to accelerate material flow. SAP ERP helps you to fine-tune invoice and payables management – and automate data extraction to eliminate data entry errors and duplications. Procure to pay SAP ERP enhances your invoice management and accounts payable processes. SAP ERP integrates all accounts payable data with your purchasing system.
You may like to read: Top Free & Premium Procurement Software and How to Select the Best Procurement Software for Your Business