Save time without sacrificing quality by streamlining your purchase-to-pay process with automation software
Free up your time
You quickly fall behind the competition with outdated purchase-to-pay (or procure-to-pay) processes. With Document Capture and Payment management, you can automate your purchase and payment processes directly from your Business Central. An automated workflow allows you to easily standardize your P2P process and increase visibility across your purchasing cycle.
Procure-to-pay process automation benefits
Reduce the amount of time and effort required to complete each step
Ensure accuracy with automated data entry and validation checks
Automatically approve payments under a certain limit
Speed up invoice and payment processing times with automatic approval flows and direct communication with your bank
Save costs by improving the overall efficiency of your purchase to payment process
Your automated procure-to-pay process flow
1. Create a purchase order
Once your purchase requisition is approved, you create a purchase order. Ensuring all the details are correct, you send it off to the vendor for confirmation.
2. Receive your order
Once the order is received in your warehouse, your invoice is imported into Business Central. Document Capture's intelligent OCR captures and extracts the data, removing the need for manual data entry.
3. Match your invoice
Document Capture registers your invoice, which is reconciled with automatic three-way matching. Your invoice is compared and matched with the corresponding purchase order and receipt.
4. Approve your invoice
Your invoice is sent to the appropriate workflow for approval by one or more approvers. It's then posted before you pay your vendor.
5. Approve your payment
Payment Management allows you to create a payment suggestion in your Payment Journal once your invoice is processed. Your payment line information and payment details are validated, and the payment is sent for approval.
6. Pay your vendor
Once approved, you send the payment to your bank, where you can follow the status in real-time directly from your Business Central. The recipient is notified via email, and the payment is posted in your Payment Journal.
Document Capture features you'll love
Reduce manual typing and eliminate errors with intelligent OCR
Ensure consistency with automatic three-way matching
Cut down on waiting times with a full approval workflow
Get a clear overview of your contracts and save time managing them
Pull up documents in seconds with a fully indexed digital archive
Payment Management features you'll love
Direct communication between Business Central and your bank
Easily look up bank account details with your vendor's IBAN
Optimize your bank account reconciliation with Statement Intelligence
Cut down on waiting times with an efficient and safe approval workflow
Save on transfer fees by summarizing payments to the same recipient
Receive payment status updates from the bank in real-time
Watch Document Capture and Payment Management work hand-in-hand
Automate your purchase-to-pay process today!
Click the link below to book a demo and learn more about how Document Capture and Payment Management can help you automate your purchase and payment processes.