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Procure-to-Pay (P2P) Software

A Procure-to-Pay Solution that transforms procurement and accounts payable

What Procure-to-Pay software
can do for your organization

Automate the P2P process and integrate procurement teams with accounts payable to simplify
buying, approvals, payments, compliance, and supplier management.

Our P2P solution achieves frictionless purchasing, compliant spend, and streamlined payments.

Implementing a procurement solution can optimize spend management, streamline your approval workflow, centralize contract management, strengthen supplier relationships, and improve business processes across purchasing.

An integrated Procure-to-Pay solution

“Procurement” is the name for both a department as well as the critical functionality needed to successfully
run the department. It can also be called procure-to-pay, P2P, and purchase-to-pay.

This procurement process includes a number of constituent components that, when optimized and automated with our software, lets companies control spend, achieve purchasing compliance, and better manage the complete P2P continuum.

Our software is uniquely aligned with the business processes of purchasing – from buying to invoicing to payments.

Report: Create a Payment Fraud Detection Strategy from Gartner

How to Create a Payment Fraud Detection Strategy at the Organizational Level by Gartner

Procure-to-Pay accelerates the procurement cycle

Together, these procure-to-pay components comprise the entire purchasing process that procurement teams use to buy materials, products, and/or services required for manufacturing and conducting business. In short, P2P is a set of solutions businesses can use to control spend in the organization as far downstream as managing payment transactions.

Our software solutions also seamlessly integrate data across procurement, sourcing, accounts payable, and other systems, like your ERP system. This creates a frictionless workflow process starting with supplier information to purchase requisition, purchase order, order receiving/fulfillment, invoicing, and payment.

Essentially, it creates more efficiencies across the procure-to-pay lifecycle and allows end-users full visibility into all the data they need to make important purchasing decisions. In that way, it’s both streamlined software for the procurement team as well as a management solution.

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Catalog Management

Centralize catalogs and items
into one simple interface

P2P catalog management integrates the internal/external catalog search experience to keep purchasing on-contract and on budget.

Corcentric Platform

Purchasing or Requisitioning

The easier the purchasing experience,
the more compliant your spend

Automate the purchase requisition/buying process and workflows to create efficiency, accuracy, and compliance.

Corcentric Procurement

Purchase Order Management

Save time and money by streamlining
procure-to-pay purchase orders (POs)

Going paperless with an automated purchase order process generates significant cost savings and reduces processing times.

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E-invoicing

Reduce cost, time, and errors inherent
in manual paper-based processes

Gain tighter control over invoice management, ensure greater accuracy and experience faster approvals by going paperless from Day 1.

Corcentric Invoice Management

Invoice Management

Accelerate invoice processing
productivity and payment

Automating P2P invoice management improves visibility across the workflow, increases control and accuracy, and eliminates manual process risk.

Corcentric Payments

Payments + Financing

Digitize P2P payments to
optimize your cash flow

Integrating e-payments into P2P means fast digital transfer of payments in real time from your systems directly into your suppliers.

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Digital Procurement Transformation

Make your procure-to-pay more
agile, responsive and resilient

Optimize processes at each stage of P2P and the supply chain to eliminate inefficiency and maximize results.

Corcentric Procurement Transformation

Procure-to-Pay
Transformation Services

Leverage your P2P automation software with experienced procurement professionals

Getting the most from P2P technology can benefit from expert procurement practitioners providing value-added process management.

Procure-to-Pay Optimization Success Starts Here

Corcentric White Paper: Procure-to-Pay Starter Kit Corcentric White Paper: Procure-to-Pay Starter Kit

Streamline, automate, and optimize your procure-to-pay process

  • Lower cost and improve working capital by ensuring that users are purchasing
    the right products and services from reliable suppliers at the best price.
  • Streamline governance to improve buyer and supplier user satisfaction.
  • Enable business to become an agile organization that can grow and adapt as the business evolves.
  • Minimize risks by ensuring compliance with organization and industry mandates.
  • Integrate procurement contract ecosystem for monitoring performance, compliance,
    and risk mitigation.

Trusted by customers worldwide to
transform their procure-to-pay

Achieve savings, control,
and efficiency across P2P

Talk to us about building a business case for
optimizing your procure-to-pay processes.

Related Procure-to-Pay Resources