PROCURE-TO-PAY PROCESS MANAGER

Manage sourcing workflow and automate supplier enablement

Gain a new level of control over all supply management activities, from sourcing request management to supplier enablement to procure-to-pay process auditing. CVM Procure-to-Pay Process Manager complements both transactional execution systems and existing decision support capabilities. This solution automates a separate set of internal processes, streamlining workflow and ensuring compliance with internal policies and regulatory requirements.

CVM P2P Process Manager: Reach new levels of control and insight

Regain control with the CVM Procure-to-Pay Process Manager reducing risk and saving money. Automate the hidden part of the procurement process — from bringing suppliers on board to paying them. Comply with internal and regulatory requirements as you improve the overall effectiveness of your procurement organization. Powerful yet flexible so you can easily tailor and configure the business rules without hefty integration or deployment costs.

Benefit with CVM

Execution transaction and risk management

• Implement workflow processes to initiate, track, and manage sourcing and supplier requests
• Implement business rules to route requests for approval
• Deploy questionnaires to assess and match suppliers to transaction risks
• Create a master-vendor database for enterprise-wide leverage of existing suppliers and terms

Supplier enablement and on-boarding

• Establish a consistent process for initiating and managing supplier enablement (PO/non-PO)
• Enforce an approval process for supplier add/change to control maverick spend
• Enable suppliers to self-manage their information
• Automatically synchronize back-office systems with supplier updates

Complete procure-to-pay process management

• Enforce an audit and approval process — with segregation of duties
• Audit every single change made in the system by supplier and system users
• Facilitate internal and external compliance
• Measure, monitor, and track procure-to-pay process cycle times

» CLICK HERE FOR MORE INFORMATION

» Download Procure-to-Pay Process Manager data sheet