Procure-to-Pay allows for collaboration, visibility, and transaction automation between trading partners. It increases agility, reduces costs, and minimizes risk.
GT Nexus Procure-to-Pay automates the supply chain transaction process on a multi-tenant, multi-enterprise platform in the cloud. It allows companies to negotiate and confirm orders with suppliers and trading partners, create electronic fulfillment documents, and track inventory and payments in real-time. Procure-to-Pay ensures that all parties are looking at the same instance of the data – reducing the chance for error.
We had 86% of our vendors live on the platform within 6 months.
IDC on procure-to-pay and automation, increasing supply chain transparency.
Retailers look to P2P to strengthen assurance of supply with a unified buying cycle.
Is your Source-to-Settle strategy holistic or in a silo? Point solutions prevent data flow across departments such as Logistics and Treasury.