The procure-to-pay (P2P) process is the backbone of how companies identify the need for certain goods, acquire those goods, and ultimately pay for them. It’s a vital function that reflects an organization’s ability to manage resources and vendor relationships. A streamlined P2P process influences a company’s efficiency, cost control, and reputation.
The P2P process involves many departments and steps. As a result, more companies are turning to automation to manage the most time-consuming and error-prone procurement tasks.
If your organization uses JD Edwards but still relies on manual workflows for P2P management, it’s time for a change. Read on to discover the benefits of automating P2P processes with solutions integrated with JD Edwards.
The Benefits of P2P Automation
1. Enhanced Visibility and Tracking
P2P automation in JD Edwards EnterpriseOne provides greater visibility into critical areas such as pending approvals, invoice status, budget use, and vendor performance. This insight allows you to gain control over the procurement process and better manage cash flow.
2. Improved vendor relationships
By managing your vendors on a centralized platform—from onboarding to self-service, document management, and 2- way dispute resolution—you oversee the entire vendor lifecycle. This approach ensures that disputes and exceptions are resolved quickly, fostering stronger and more reliable vendor partnerships.
3. Streamlined Approvals
With automated reminders you can keep the process on track, making approvals more efficient and reducing delays.
4. Improved Efficiency
P2P automation in JD Edwards eliminates time-consuming and manual tasks, replacing them with automated workflows. It automatically generates documents and simplifies invoice processing, greatly boosting efficiency.
5. Easier PO Management
Specific P2P automation solutions can help you manage, create, approve, and release Purchase Orders (POs). You will have better visibility into PO status and a smoother procurement process.
6. Enhanced Collaboration
By automating the P2P cycle you can tailor procurement processes to meet your company’s needs and supplier agreements. This will enhance collaboration between your organization, vendors, and internal teams.
7. Automated Invoice Processing
Although accounts payable (AP) is the final step in the P2P cycle, it plays a crucial role. AP automation in JD Edwards speeds up invoice processing with minimal manual effort. Supplier invoices are automatically scanned upon arrival, ensuring faster, more efficient processing.
8. Cost Reduction
P2P automation ensures that invoices and purchasing documents are processed on time, helping you avoid late fees. Eliminating manual work also minimizes manual errors and the associated costs.
How to Automate P2P Processes in JD Edwards
Are you searching for a reliable P2P automation provider? At SCANMAN, we develop P2P automation solutions for JD Edwards EnterpriseOne. These low-code solutions integrate with JD Edwards via Orchestrator. They will boost efficiency and simplify your procurement team’s tasks. Explore our AP Automation, mobile app for PO approval and release, and Vendor Portal.
Request your free demo today!
