Improve your bottom-line profitability—reduce transaction costs and accelerate financial settlement cycles for optimal payment terms with automated Procure-to-Pay Processing solutions from Perot Systems.
Challenge
For large enterprises, the lack of a strategy, technologies, and processes for procuring resources, processing orders, remitting payments, and resolving problems may cost millions of dollars each year. An inefficient P2P process can rob an enterprise of available capital through lack of integration and collaboration with preferred vendors, high purchase order and invoice processing error rates, high cost per transaction, and lengthy reconciliation and payment cycles.
Solution
Perot Systems' automated, rules-based P2P processing optimizes workflow to facilitate collaboration with preferred vendors, reduce transaction-processing costs and errors, and accelerate financial settlement cycles for optimal payment terms. A complete, end-to-end solution, it features a Web-enabled portal that gives you greater insight into your P2P process and a deeper understanding of your vendor relationships. Services include:
Vendor management, including master file setup, maintenance, and Form 1099 reporting
Invoice processing, including front-end mailroom capabilities and back-end transaction processing
Problem resolution, including external supplier dispute resolution and internal purchasing policy discrepancy resolution
Payment processing, including document processing, check printing, and mailing
Time & expense report processing, including front-end data entry or scanning of T&E reports and supporting receipts, plus compliance review and discrepancy resolution
Results
With automated Procure-to-Pay Processing solutions from Perot Systems, your organization can enjoy:
Tighter integration of and collaboration with vendors
Greater transaction-processing accuracy and reduced costs
Shorter financial settlement cycles for optimal payment terms
Faster, more successful problem resolution
Continuously updated documentation to support Sarbnes-Oxley requirements and internal controls
