Procure to Pay and Accounts Payable Transformation for Global Companies
Boosting global businesses’ productivity and profitability by optimising their Procure to Pay systems and processes
How effective are your Procure To Pay processes?
How well do you research before committing to purchase?
Are those purchases correctly monitored, authorised, and allocated?
Are your suppliers compliant?
How transparent is every purchase to team members?
Do you pay suppliers on time?
In short…
Are poor purchasing processes squeezing down on your productivity and your profits?
Your Procure to Pay Challenges
- Do your Buyers make unauthorised purchases?
- Do they make purchases from non-preferred sources?
- Do your purchases hit your system only when the invoice arrives?
- Are the costs ever attributed to the wrong accounts or departments?
- Are your suppliers paid late due to missing invoices or invoice queries?
- What impact do these issues have on your productivity and bottom line?
Your Procure to Pay Solutions
Procure To Pay is also known as Purchase To Pay or P2P. P2P is all about the steps taken in the procurement process - from enquiring about placing your order through to paying the invoice … and everything in between.
We’re P2PSME. My name is Stephen King and I’ll work with you to enable you to control your procurement process – from start to finish. We’ll make sure your systems and processes are –
- Simple and efficient
- Compliant with your sourcing, authorisation, and financial controls
- Visible to relevant managers and departments
We’ll ensure that your procurement processes effectively support your daily buying and procurement decisions along with your budgetary control.
Joining the dots between Sourcing, Procurement,
and Accounts Payable processes and systems
Integrate, streamline, and automate your entire P2P process
- Enhanced supplier on-boarding.
- Use of negotiated supplier agreements and contracts.
- Reduced cost of PO handling.
- Increased invoice ‘Straight Through Processing’.
- Improved ‘On Time Payment’ to suppliers.
- Reduced supplier queries and invoice exceptions.
- Avoidance of unnecessary purchases.
- Financial control and visibility.
- Reduced risk of supplier non-conformance and non-compliance.
- Data for spend analysis.
- Reduced cost of back-office functions.
- Increased workforce morale and productivity.
We’re ready to help
There’s no better time to
- Establish new, efficient, and compliant purchasing excellence
- Reduce the time you spend on invoice processing and query handling
- Improve on time payment to suppliers
- Cut down on your P2P costs per transaction
- Boost people’s productivity
- Enhance your bottom line
Shouldn’t we be talking?
Case Studies
We’re ready to help
There’s no better time to
- Establish new, efficient, and compliant purchasing excellence
- Reduce the time you spend on invoice processing and query handling
- Improve on time payment to suppliers
- Cut down on your P2P costs per transaction
- Boost people’s productivity
- Enhance your bottom line
Shouldn’t we be talking?
P2PSME is a trading name of King FPM Solutions Ltd
Head Office – 14 Archerfield Crescent, Motherwell, UK, ML1 5FW.
Registered Office – 8 Douglas Street, Hamilton, UK, ML3 0BP.
Company Number – SC430332
VAT Registration No. – GB243906504
Copyright © 2022 by King FPM Solutions Ltd. All Rights Reserved.