Supply chain price and discount payment automation and management system

Procure-to-Pay (P2P) Automation Digitizes the entire procurement cycle: requisition, purchase orders, invoice processing, and payments. Uses AI, machine learning, and robotic process automation (RPA) to reduce errors and manual work. Dynamic Discounting Enables buyers to take advantage of early payment discounts. Automatically calculates and applies discounts based on payment timing, improving margins and reducing cost of goods sold. Invoice and Payment Automation Automates invoice matching, approval workflows, and payment execution. Supports multiple payment methods (ACH, wire, credit card, etc.) and ensures timely payments. Vendor and Supplier Management Centralized platform for managing supplier data, contracts, and performance. Enhances collaboration and transparency across the supply chain. Cash Flow and Working Capital Optimization Provides real-time visibility into cash flow and payment status. Helps businesses align payment terms with industry standards and optimize liquidity.

SALIENT FEATURES

Purchase Order Creation System generates POs based on demand forecasts or requisitions. Invoice Matching Automatically matches invoices with POs and receipts using multi-document validation. Discount Calculation Applies dynamic discounting rules based on payment timing and terms. Approval Workflow Routes invoices through automated approval chains, reducing bottlenecks. Payment Execution Processes payments digitally, ensuring accuracy and timeliness. Reporting & Analytics Provides dashboards and insights for strategic decision-making.

CATEGORY

AI Category

CLIENT

LFR