Purchase to Pay Solutions in the Cloud

06/08/2010

Purchase to Pay solutions can now be provided 'in the cloud'.

Cloud based hosting provision is changing the economics of hosting provision and many solutions are now being provided as cloud based solutions or as SaaS (Software as as Service).

An example of this is Purchase to Pay Solutions. Many companies such as DCS in the UK, who are experts at document management and workflow solutions  are now providing Purchase to Pay Solutions as a cloud based workflow solution.

A Purchase to Pay solution reduces the admin time of manually processing invoices, and matching to purchase orders. A typical system will deal with 90% of invoice matching automatically with a small number flagged for checking by real people. This concentrates staff time where they are best, dealing with the exceptions. Savings in staff processing time are usually 50-75% depending on initial efficiency of the process. These very high cost savings are why these systems are now proving so popular.

Implementing cloud based Purchase to Pay solutions has benefits such as better availability, better mobile access and lower management costs.It ia a huge advantage that these systems and information can be available anywhere in the works, coping well with multiple office locations, homeworking and business travel.

Purchase to Pay systems help an organisation to simplify their business contingency and compliance requirements. Many businesses experience a significant overhead in ensuring compliance with key legislation or legal financial standards. A well documented Purchase to Pay system greatly simplifies this process and gives associated cost savings.

The Purchase to Pay solutions that companies such as DCS provide will integrate with commonly used ERP and accounts software such as Sage, SAP, Oracle, CODA, Agresso, JD Edwards plus many others.

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